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Updated about 9 years ago on . Most recent reply
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Tenants want to Buy
I am a licensed realtor/property manager. Two of my tenants have expressed an interest in doing a lease option on their homes. The owners have also expressed an interest in doing a lease option with them. I am not sure how to do this deal since I am already in a working relationship with both parties.Do I just collect a option fee to put the deal together and get out of the picture or is there a better way I should structure the deal? These tenants are already in a lease with a agreed upon rent for example lets say they are currently paying $1000 a month. Does their rent go up say $100 and they put a 3% option fee down. This way the owner is getting $100 more a month plus not paying a management fee and I get the option fee? Suggestions appreciated.