The number one question I get from my buyers of lease option properties is how do I get paid? I get usually between $50-$100 from your monthly rent and the remaining when you exercise the option to purchase the property.
I tell them this is why, despite me telling them they can get a house with no credit check, I still want a copy of their credit report. What I do during the terms of the lease, is I help them work on their credit issues at no cost to them! I tell them that it is in my best interest to help them, because if they don't buy the house, I don't get paid!
The also pleases my sellers because they know at the first sign of trouble I'm going to be there, my check is on the line!
I also tell them that during any portion of the lease that they stop paying, I have an agreement with the seller, that the seller will stop paying me also. So you see, my helping you the buyer guarantees that I'm going to get paid. Unlike these companies that say they will fix your credit, but they want $5,000 up front, once they get your check, what incentive do they have to continue helping you? - NONE, they have already been paid.
So, for more information on buying or selling on a lease option call or e-mail me anytime.
Todd Clark (Broker/Owner)
The Friendly Home Team
Realty Pro, Oregon LLC
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
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