Tired Landlords

[Lee S.]

Looking for some feedback on how to deal with some tired landlords.  I've spoke to 2 of them today, both own multiple houses with a lot of equity.  They want to sell but also want full price.  One has a month to month renter and the other is leased longer term.  They are both open to some creative financing, I discussed owner financing with them and neither flinched.  Not sure any of that matters if they want full price, only option I can see working for them is lease options.  I told them both I'll throw a cash offer at them first once I have a number then we can go from there.  Any thoughts welcome.

[Brian Gibbons]

Lee this is what I do with landlords and trying to make some money with them okay?

First I only go see houses that are three or four bedroom and they are in good school districts and the quiet streets that's the first thing

Next thing I do is I walk through the rental and act like a renter asking the basic renters questions to landlords

And then I do a classic what if statement and give a leave behind on lease to own

Mr. landlord you got a nice place here and I think the rent you're asking 1100 is fair

"I want to ask you a question and if you hate the idea of them just let me know, but what if I could give you 1100 a month for about oh 24 months and then at the end of that period of time buy the property at a fair price, "

"would that be something you would even consider thinking about or maybe not?"

The end result is either a hot warm cold landlord prospect 

If he's hot  I'll just keep sending them postcards. If he's warm I'll keep talking to him once a week, if he's hot I want to talk to him and his wife about doing a lease to own

I leave behind a landlord basic form letter with the lease to own articles attached from Wall Street Journal, Money Magazine, realtor.com