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Updated about 8 years ago on . Most recent reply
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Turnkey RENT TO OWN - Does anyone do this?
Hi Landlords, and wanna be landlords,
Does anyone provide a TURNKEY Rent to Own?
The typical turnkey property is a long term buy-and-hold.
Buy-and-hold is good but rent to own is good for the BIG chunk of cash on the back-end. Also, with rent to own, maintenance and repairs are the responsibility of the tenant so that's additional cashflow and less headaches.
Thanks in advance!
Most Popular Reply
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RTO is an OPTION to purchase at some future date, with a fully negotiated price at the time of the rental. It has special requirements, so be sure you're FULLY informed before you jump into this. The safest way is two separate agreements, the lease and the option. There is some concern where a portion of the rent is accrued toward the purchase.