I am wondering whether there is a way to get rid of the risk associated with renting a property one owns by selling the right to rent that property for a certain period?
I am especially interested in the U.S. context.
There are many ways in the U.S. to get rid of risk, management, and transaction costs on a number of goods (e.g., I can go to Carmax and accept to be paid less for my car for the comfort of not having to deal with the hassle and risk of selling the car myself).
What about rental properties? Would any company pay a price (obviously lower than the expected rent) to secure the right to rent my property for a certain period and under certain terms?
For example, I could have a house that's expected to bring in 15k in rental revenue annually, with a certain variance, and I might be willing to sell the right to rent that property for 10k "cash", thereby transferring the risk to whoever would buy this "right to rent".
I can see many reasons why selling such a contract on your property might not be a good idea. Here I am not interested in knowing whether or not it is a good idea. Rather, I would like to know whether any U.S. company specializes in renting houses they do not own through this kind of contract?
Note: I know about property managers which are obviously not what I am looking for here (this obivously does not get rid of the rental risk). See my comment below.