Chuck Conn

State Farm pays me $6,800 a month for a house that rents to a normal family for $2,100 The family living in it owns a $480,000 house three streets over. A pipe burst upstairs in August, flooded their kitchen, and the contractor said 5 months Almost every homeowners policy has a part called "loss of use." If your house becomes unlivable, the insurance company pays the extra cost of living somewhere similar while it gets fixed. Same school, same size, room for the dog For a family of 4 with a golden retriever, that's 2 hotel suites at around $380 a night. $11,400 a month. So insurers hand the job to housing companies whose whole business is finding furnished houses close to the damaged one, fast That's where mine comes in. Furnished, 4 bedrooms, fenced yard, washer and dryer, 10 minutes from their street. They signed in an afternoon because I came in $4,600 a month under the hotel The housing company pays the rent. The people sleeping there own a house and just want to go home, so they treat mine like one The setup is a normal rental with furniture in it. List it with the insurance housing networks (ALE Solutions and CRS Temporary Housing both take landlords), keep it near good schools, and price it under the extended stay hotels. Frozen pipe season and storm season are when the phone rings One 5 month placement brought in more rent than that house used to collect in 16 months of renting to a normal family And if your own house ever floods, ask your adjuster about loss of use the same day. Plenty of people sleep on a relative's couch for months and never claim it