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Updated about 5 years ago, 11/18/2019

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3
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0
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Demetrius Clayton
  • Investor
  • Saint Louis MO
0
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3
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Lease option with Property Management

Demetrius Clayton
  • Investor
  • Saint Louis MO
Posted

I’m fairly new to real estate investing so this might seem obvious but let’s say you turn a property into a lease option and you have a property management company find a new tenant for you I know that you pay them their fee however what about the down payment from the tenant what happens with that when you use a property management company to find a new tenant when the original lease option tenant has left is that fee put into the property management contract you sign initially how exactly is that dealt with?

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