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Don’t rent out your house- lease option it

The easiest way to possess houses is usually to lease option, not rent. That way you have a higher quality of tenant, more and more people to select from, more money up-front, more income every month no repair headaches. Sounds good, right? I usually get $100 each month extra with a house until $150,000; up-front option cash is about 3% of the sales price. If your house needs work, I give a work credit whenever they undertake it themselves. If the house is an emergency, then I offer my special, "No money down, you fix" deals (On those deals I get approximately 150 calls every day). If you can be in light, you do not have lots of money tied up in fix up costs. Long ago, I learned to never link my cash in keepers.

Since you will get so many calls on these ads, you will need to minimize the trouble expended from you. The ad is positioned within the houses to rent and houses for sale sections.

A typical ad reads a good house reads:

Rent to obtain

Cute 3/1 fenced yard. Nice area. Low down

$850 mo+ $ intensedebate.com/people/bengtsentan towards purchase

If the home is a tragedy, I always clean it first. This is how the ad reads:

Rent to Own- $0 down-

U fix. 3/1 fenced yard. Nice area

$850 mo + $100 mo towards purchase.

Notice that the price and rent has not changed? Slick huh?

You will need to have a separate number with a separate voice mail. On the voice mail you are able to supply the address and hype the exact property. Tell them to operate a vehicle by first and please take a flier and appear in the windows. At the exact property is another number, which is my cell. That way you simply talk to those who have seen your neighborhood, and seen the home, and understand how the offer works. At the house you have a flier that outlines what exactly is required. I have about 100 fliers and check every couple of days to see if it can be empty. Tape anyone to your window in case someone takes the last one.

Make sure the home is neat and clean even though it takes work. Leave the window coverings open. Check your voice mail regularly as it will refill fast. Mostly you will see hang-ups. The calls you receive back are the type you will need to speak to. Be sure to take enough time to screen the callers. Ask them about employment, who’ll live there, just how much they earn, how long currently address. Do they have the necessary option money? Verify they earn at least 3 x the rent amount monthly. How is their credit? If things are ok, set up a showing time.

Make sure you schedule several appointments as well. Tell them to get $100 in cash plus $25 application fee in case they enjoy the home. When you have the showing, arrive ten minutes late. Let them see other people there also. Take applications through the qualified ones together with their money. No money-no application. Don’t question marital status- it’s illegal.

Every adult gets his/her own application. Date and number the applications. You have to go ahead and take first qualified tenant, not the most qualified.

Check out doodleordie.com/profile/kroghbengtsen . When you have decided finances for it to get the rest from the first month’s money quickly. You would be surprised the amount of people walk from $100. Don’t take the ad out with the paper til you have ALL the money. Things may go wrong getting the club the very last minute. Return all unacceptable deposits without the $25 credit check fee. If possible, see a prospective tenant’s house to have the rest from the money to see the way they live. At the very least, examine their car. If you’ll find mounds of McDonald’s wrappers on the back seat, think hard. Look at their driving license to view when they are really who it is said they are. Take only cash until they relocate.

If you actually like them but they lack all the money needed, let them have a very payment schedule- in writing- but think of it as rent-owed. The money they pay first is option money. The money they owe you is rent. That way should they move around in and welch, you can evict them for non-payment of rent. It’s tough to evict as a result of non-payment of option money.

I succeeded in doing so successfully even from out of state. Many times I never met individuals. What do
property management doncaster care what you seem like. If they qualify, they qualify.