Relocating and need to rent without a long term lease?

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Real Estate Agent with Alain Pinel BRE 01367196
https://activerain.com/droplet/4BPY

People who are moving out

Since the real estate market values of properties in the Bay area are rising, it is a quandary for homeowners who are finding themselves needing to vacate for different reasons.

Some folks are considering accepting jobs elsewhere, but are nervous that should they decide to come back, they won't be able to buy another house just like the one they have.

Others are planning to spend half the time away by living in another home elsewhere.

Others want to go an extended vacation for a few weeks or a few months.

So what to do with their house?

 

People who are moving in

This is another story. Folks who are being relocated by their companies are offered corporate housing. But some of them may be small apartments in big buildings where they may not feel as connected with the community. Some folks would prefer to be in an environment as closely attuned to where they would like to live. 

 

Where and what can someone rent without signing a long-term lease?

 

We've heard of AirBnB --- an idea that was launched by people who rented out a room in San Francisco during a convention, and rooms were hard to find. Here's a story on how AirBnB started.

And Home Exchange --- there are several organizations that offer this, such as HomeExchange.com and Intervac-HomeExchange.com

While searching online, I stumbled upon another possible option: Corporate Housing (by Owner)

CorporateHousingByOwner.com. This could be ideal for people who are relocating to another city and haven't completely settled in yet. It helps to find a home that is fully furnished, and that one can rent for a longer period of time while getting situated.  It certainly beats staying in a hotel room, even if it's a suite. 

I thought this would be something good to keep in mind when working with clients who are getting ready to relocate whether coming here or going somewhere. 

Homeowners may feel better renting out their house for short term leases, and engaging property management companies to handle the day-to-day maintenance and upkeep.

 

If there are other alternatives, by all means, let's hear it!

 

 

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Rainmaker
2,782,335
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Pacita, People are getting rather creative with finding solutions that a wins for all parties.

Apr 07, 2015 09:57 AM #1
Rainmaker
1,763,811
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

What an interesting idea for exchanging places for the short term housing Pacita Dimacali .

Apr 07, 2015 10:00 AM #2
Rainmaker
710,558
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Kathleen and Tom --- and I'm loving all these creative ideas, too! Definitely will consider the options when we go on long trips away from home. 

Apr 07, 2015 10:30 AM #3
Rainmaker
3,237,504
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Hi Pacita...here the choices are pretty limited...a year lease or a residential hotel for shorter term.

Apr 07, 2015 01:03 PM #4
Ambassador
994,461
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Hi Pacita, these are good alternatives for someone looking for short term housing.

Apr 07, 2015 01:31 PM #5
Rainmaker
710,558
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Sally --- no Air BnB?  

Sharon --- I am definitely keeping my options open. I like the idea of renting out my place for short term, and furnished, so that I won't have to deal with moving out furniture, etc. We can always keep our stuff locked up in the attic or the shed.

 

Apr 07, 2015 01:53 PM #6
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Rainmaker
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Pacita Dimacali

Alameda/Contra Costa Counties CA
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