Lease Option Your Property!

 

Get More Money And Pay No FEES!


 

We Have A List Of People Who
Want To Lease Option A Property

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Stop Renting Out Your Properties And Use A Lease Option

You buy rental properties to make money. If you want to make more money you would need to minimize repairs in a rental property. But repairs are unavoidable no matter what. With a lease option you can keep these expenses as low as possible.

You can do that by using a lease option tenant buyer who wants to become a homeowner but doesn't qualify for a mortgage right now. They would be leasing with the option to buy.

The option price is decided up front and lease option tenants will usually pay full market value… sometimes a little bit more. In addition - they have pride of ownership and have the tendency to take care of the property better than a rental tenant.

They actually add value to your property by investing their own money into property upgrades such as putting on decks, putting up fences, upgrading appliances, granite counter tops, hardware floors... ect. And you will have a written agreement with them that makes them responsible for repairs to the house that save you money and eliminate landlord headaches.

The beauty is that you would be dealing with a tenant buyer on a higher quality scale than an average tenant.The percentage of evictions on a lease option is relatively below normal tenant eviction rates. And if they should happen to default you can evict them just like a regular renter.

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

We require from them a one time fee for our service of getting them into a house - on top of the first month and a non-refundable security deposit.

All of their funds are non-refundable - and in the event they move out you will not have to return a security deposit.

If your interested please 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 the benefits are real. 

  1. It doesn't cost you a dime to fill the property. That is what we do and we are paid by the tenant buyer.
  2. You don't have to do maintenance on the property - the lease option tenant is responsible for repairs.
  3. They cut their own grass and shovel their own snow.
  4. They don't call you like regular tenants.
  5. You get a 2 years lease rather than 1 year for most renters.
  6. You get a more stable tenant because they see themselves as homeowners rather than renters. Remember the old adage, "You don't wash a rental car." Same goes for lease option tenants vs regular renters.

What happens if / when the tenant buyer exercises the option to buy?

A potential for a nice profit on the sale. Typically the option price is full market value or a little above. You would be selling the house for full market value on top of the monthly cash flow you recieved during the leasing period - and without any realtor commissions of any kind.

Why should I tie up my property instead of selling right now? (FSBO - Homes)

The chances of locating a lease option tenant buyer is greater than you finding a buyer in this market who is already approved for a loan. 

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 using a lease option 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.

However, if the tenant buyer exercises the option - you make money. If they don't - the advantages of having someone pay you monthly outway having a vacant house with a mortgage payment.

We believe that using a lease option is the solution that is the least painful. 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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