My house is coming up for rent. Rent to own or normal rent.

[Garrett Blanchard]

I have a three bedroom one bathroom house that has been rented to the same people for over five years. They are going to be moving out in the next 4 to 6 weeks. I am considering doing a rent to own. I also need to vet possible tenets much better than I did these people that are leaving. Don't get me wrong they have been great and always paid but I may not be as lucky with the next tenants. Please help with recommendations or if you can point me in the right direction to find tenant applications and other forms like that possibly on this site. I know that there is certain percentages that people recommend to only rent to tenants with a certain income etc. Please help with recommendations. Should I do rent to own with a large down payment and hope that they aren't able to purchase the house or should I just try to find good long-term tenants with steady income? Any recommendations would be super helpful. I am still new to this and haven't really had to vet possible tenants or applicants until now and do not want to end up with deadbeat renters.

[Shannon Slade]

My grand father wrote lease to owns quite often on the same home and made a lot of money over the years, just be sure you honor the deal if the option is ever exercised.  Then you can sleep at night with a clear conscious!