Report Abuse

Re: How do most of you conduct your rentals

[Q=mike1536] [Q=alldolledup] I have used that rental agreement and sent it to the renter. However, they want me to sign it first and then send it; then they will send the first payment. I usually wait until the first payment is sent, then send the contract (which I changed this time because they wanted the contract first, which I did, but with no signature, just my name), and then send the resort's confirmation to them. I send everything thru email. However they won't send any money until they get the contract in their name signed by me. Ijust wonder if that is the usual way most of you do it. I am more like Jenny ( in one of the strands here) but these renters say it is their way or nothing. I have had so many differences of opinion with them already during this process that I am thinking maybe they are not the kind of renters I want. But I don't want to be unfair.[/Q] ================ I have no problem sending a signed contract, then get payment with the returned contract with their signatures. Only after receiving the signed contract and payment would I contact the resort; let them know the name of the guest using the unit, and send out a confirmation. Remember you still have the leverage because you control the unit.[/Q] If I were the renter, I would never send funds directly to an unknown owner , even with the signed contract, much less with an unsigned contract. Most people are honest, but there are some scam artists on the rental sites. I would always insist on an escrow service as a renter, to insure that the money is not released until I have a confirmation with the resort. I would also insist that if for some reason, due to the owner, I am denied entry to the resort at my scheduled time, that the owner is liable for my legal costs should I prevail in court against the owner for breach of contract. Without these protection, if you get scammed, the cost of suing the "scammer" will be prohibitive relative to the rental cost you try to recover. I have rented one property without the language allowing me to recover my rental costs, and I lucked out and the person was honest. That occurred when I was renting my first property, it worked out, but I had assumed the risk of losing all my rental fee, because of lack of knowledge at the time. Stan.