Lease Option Your Property!

 

Get More Money And Pay No FEES!


 

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"A Lease Option Tenant vs A Rental Tenant"

Hello,

We're real estate investors who advertise to find people who want to lease option a house. Our marketing works amazingly well and we find a lot more lease option tenants than we have houses. So we set up this web page and started contacting sellers and landlords like you in the area.

Our lease option tenants want to become homeowners but don't qualify for a mortgage right now. That means they would be leasing with the option to buy. They can afford the monthly payment and will usally qualify within 1 or 2 years before they can take out a new loan and pay off the house.

Lease option tenants will pay full market value for your house… sometimes a little bit more.

In addition, lease option tenants have the tendency to take care of the property better than a rental tenant. They have pride of ownership. They actually invest their own money into your property... including property upgrades such as putting on decks, putting up fences, upgrading appliances, granite counter tops, hardware floors... ect. They actually add value to your property. And you will have a written agreement with them that makes them responsible for repairs to the house that save you money and usually eliminate landlord headaches.

And if the worst happens that they default, you can evict them just like a regular renter. The beauty is that the percentage of evictions on a lease option is way below normal tenant eviction rates... so it's a lot safer.

By the way none of this costs you a dime we get paid by the lease option tenant.

You wouldn't be interested would you? If so please let us know. Fill out your contact info above, including your property information and we'll contact you at our earliest convenience. We have sometimes found lease option tenants in one day so don't be surprised if things happen pretty fast.

 

 

Frequently Asked Questions.

What is the number of people who walk away from the house when the lease is over - either because they are unable to get regular financing or decide they no longer want the home.

Less than 30% of lease option buyers will exercise the option. So it is likely that they will not buy it at the end. But there are some real benefits -

  1. It doesn't cost you a dime to fill the property. That is what we do and we are paid by the buyer.
  2. You no longer have to lose your mortgage or property tax payment every month since you will offset it with the monthly income.
  3. You don't have to do maintenance on the property - the lease option tenant is responsible for repairs.
  4. You don't pay for utilities.
  5. They cut their own grass and shovel their own snow.
  6. They don't call you like regular tenants.
  7. You get a 2 years lease rather than 1 year for most renters.
  8. You get a more stable tenant than a regular renter because the folks that move in see themselves as owners rather than renters. Remember the old adage, "You don't wash a rental car." Same goes for buyers vs. tenants of houses.

Who is responsible for upkeep and maintenance on the home?

This is all the responsibility of the tenant buyers.

If the home has a mortgage are there any problems with leasing that would cause the "Due on sale" clause of the mortgage to be invoked by the lender?

No, a lender would see this as a lease, not a transfer of ownership.

How do buyers get financing when it's time to exercise their option?

They go to any conventional lender and apply for a loan. The reason they are buying "Rent To Own" right now is because they do not qualify for a conventional loan. Since 2007, conventional loans have become much harder to qualify for - ask any mortgage broker. That is why so many properties that are for sale by real estate brokers don't sell. Buyers just can't get loans without almost perfect credit. Appraisals have also been a problem recently, so even if the Buyer qualifies, if the appraisal doesn't come in, they won't be able to finance it.

Our goal is to help good, responsible people get into a home. People who will take care of it and treat it like their own. We've had good luck finding just that over the years.

If the Buyer exercises the option, that's great and you make your money. If they don't, the advantages of having someone pay your mortgage and buy a house for you are enormous.

We believe that using a lease option is the solution that is the least painful. In fact, it may end up being the best financial decision you ever make. We hope these answers give you a better idea of how this all works and helps you decide if it is for you or not.

If you are ready to fill out the contact form we'll get started immediately! We'll blast out the details of your property to our list of potential tenant buyers as soon as possible.

FEEL FREE TO CONTACT US IF YOU HAVE ADDITIONAL QUESTIONS.

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