Re: rent to own - Landlord Forum thread 357634

Re: rent to own by Anonymous on May 31, 2018 @08:44

I have always been of the opinion that rent to own or purchase option or whatever the wandering snake oil salesman of the day labels it,.....are a disadvantage for the LL, gives tenant more contractual control of your property than a LL would like, is to the tenants benefit / advantage and the real problem is structuring the deal so that the LL has enough upside and rent premium paid for the option and the T has enough skin in the game to actually exercise. The gross monthly rent amount must be significantly above prevailing market and that fact creates a bunch of challenges. Tenants are tenants because they're tenants,....and when the LL adds 10 to 25% to the monthly rent to cover the ''option'',.....your tenant,.....who probably is challenged to meet a market rent payment to begin with,.....is really going to struggle to get you paid every month.

Personally,....i don't like having to chase after my money every month,....and I don't do it for very long.

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