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Renting "Sight Unseen" in Cody, Wyoming

By
Real Estate Broker/Owner with American West Realty and Management 12599

Renting "Sight Unseen" in Cody, Wyoming

In Cody, Wyoming we see a lot of transitional renters. Folks move to the area for new jobs, to be close to family, or for retirement. Whatever the reason, many are unable to personally view properties in person before deciding which one to rent.

 

This puts my staff in a pickle. We want to help them find a rental. We want to help the owners find quality tenants and start producing income. But there is always the risk that a renter will show up and discover there is something about the rental home they don't like and then they want to break the lease and walk away.

 

To combat this, we always stress the dangers of renting a home without seeing it in person. We offer to provide additional pictures or even shoot live video and a virtual "walk-through" of the home. We also stress the consequences of agreeing to rent and then changing their mind. We make everyone sign the following disclaimer first:

 

RENTING SIGHT UNSEEN - All Parties agree that Applicants were given the opportunity to inspect the property prior to signing a lease. Applicants declined to do so at their own choosing and for their own convenience. Applicants understand American West Realty has, to the furthest extent possible, ensured the home is in a presentable and habitable condition. Parties agree maintenance shall be done as required by the lease agreement. Applicant agrees a cancellation of the rental agreement based on the neighborhood, floor plan, ordinary wear-and-tear, or other personal preferences shall be treated as a violation of the lease and grounds for complete forfeiture of the security deposit. Applicant acknowledges they were advised to seek appropriate counsel regarding the risks of renting a property “sight unseen”.

 

We provide multiple warnings, verbally and in writing, yet there are still renters that get to town and decide the rental is not right for them. We understand the stress of moving. We understand people make mistakes. We are very reasonable people! However, we cannot allow the Tenant's mistake to impact our client, the Landlord. If Tenants choose to ignore our warnings and rent without seeing the home first, they have to accept the consequences of that decision. 

 

Please think carefully before deciding to rent a home "sight unseen" in Cody, Wyoming!

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                                 Real Estate Sales                                          Property Management

Nathan Gesner, American West Realty

Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I cringe every time i get this request. It happens often and i have them sign an extra disclosure about this Nathan Gesner 

Oct 23, 2017 09:15 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven't helped people rent, sight unseen, but I have helped a few people purchase sight unseen.  In these cases, I have always taken the to the home via Skype, so they can at least see it for themselves, even if they aren't there in person.

Oct 23, 2017 12:15 PM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I needed to rent sight unseen when I went to grad school.  Fortunately, it turned out okay.  There was no tech available to see the place; just the phone and a gut feeling the person was legit.

Oct 23, 2017 12:18 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Scott, I wrote this because it just happened again. We warned them at least twice by phone. They sent a relative to check the home...TWICE! Then we had them sign the waiver. One of them showed up and loved the home. The spouse showed up and was crying in our office.

Sometimes, there aren't enough rocks.

Oct 23, 2017 06:06 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Brian, there are some people that will complain no mater what.

Oct 23, 2017 06:07 PM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I imagine we were a little more tolerant in those days, Mel!

Oct 23, 2017 06:08 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Renting and purchasing sight unseen is becoming more and more popular down here thanks to the power of the internet..

Oct 24, 2017 10:21 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for sharing some of your successful business practices.

Oct 25, 2017 05:00 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is a great way to treat those that want to rent without first looking in person.

Oct 25, 2017 06:21 AM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I feel your pain, Nathan. I've sold a couple of houses sight unseen and it's a scary proposition. Fortunately it worked out on both occasions. With video and photos and the proper disclaimers, you've done your best to inform the tenant what to expect. 

Oct 27, 2017 08:07 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Nathan, I can imagine how difficult it can be with "Sight unseen" Tenant situations. You have found a good way to show realistically the properties via videos and virtual tours.

 

Oct 28, 2017 01:57 PM