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BEST SELLING PRODUCTS
Swain Garrett posted an update 2 years, 1 month ago
Rent to Own Homes offer the same advantages as a conventional lease but allow the renter to “own” the home. The tenant would pay rent each month and in turn the owner keeps the security deposit should there be damage to the premises. At the end of the tenancy the tenant may decide to purchase the property at market value or have it rent to own. Some rental agreements will allow for both processes. In either case, the renter’s name on the rent to own list is not used by the owner of the property.
Advertising a rent to own home can be done almost anywhere. Online is a good first step to get exposure. Advertising on local rental publications or classified ads will bring potential tenants to the listing. Also, a website can be created with free rent to own listing software. This website would contain basic information about the property, rent payments, and contact information.
Some landlords work with real estate agents to advertise rent to own properties. Realtors can provide background information on the properties and help in the screening process. Properties that are listed with an agent often receive more attention than those without an agent. For those who have a history of low rent to own sales may want to consider working with an agent to list the property.
Advertising a rent to own mailing list is simple. Most rental properties come standard with a standard mailing address. However, for some properties, such as furnished apartments, the post office will provide the address. Other properties may use post office boxes. Either way, the rent to own listing will contain the address for those who want to rent the property.
Mailing a rent to own sign and a blank envelope to a person is all that is needed. The sign should be posted in plain view. Allowing a prospective renter to see the sign will make them more inclined to rent to the owner. This makes it easy for the agent to collect the rent payments.
In most cases, the sign and the envelope will work both as a rental and an advertising strategy. The mail list will let owners know how much the tenant pays each month. If the amount is lower than what is listed on the rent to own sign, the owner will know there is potential for a rent to own transaction. Prospective renters may then contact the owner to discuss the terms of the rent to own contract.
As with any other marketing strategy, the mail list should be simple and easy to read. No one wants to read a handbook or long letter explaining all of the terms and conditions of a rent to own deal. The rent to own sign should be large and easy to read. Most people will decide not to rent to an owner that includes all of the terms listed on the list. Therefore, it is important to include the rent to own contract in each and every piece of rent to own literature that the potential renter receives.
The rent to own sign is nothing more than a standard, black and white piece of paper. It is important to make sure the paper contains all of the pertinent information that is necessary. If the renter has questions, they should have the ability to contact the landlord and receive answers from him or her. When the renter is satisfied with the paper, the rent to own contract should be signed. Then, the renter can move into their rental unit and begin renting.