All Forum Posts by: Benjamin Krebs

You’re definitely on the right track with this strategy. The first steps are to grab some yellow ‘Rent to Own’ signs, get your ads up on Facebook, Craigslist, Zillow, and just keep putting the word out there. That’s how you start getting interest in your property.

But here’s the thing – a lot of people stop there and wonder why they’re not getting the results they want. It’s not just about putting up signs or posting ads; it’s about knowing how to handle the inquiries, how to screen the right tenants, and how to set up the deal so it’s a win for you. That’s where having some real guidance makes all the difference. I’ve seen so many people struggle with this until they get the right kind of help. If you ever want to chat more about what’s worked for us and others, I’d be happy to share.

Quote from @Benjamin Krebs:

Quote from @Michael Carbonare:

Term adjustments can be one or a combination of length of lease; monthly rent; option to purchase price; option money. Reassess the market and adjust as necessary.
There are pros and cons to both a contract for deed and a rent to own.  From my perspective you're better off doing the deal as a rent to own.  If things don't go as expected, an eviction is quicker and less expensive than a foreclosure.

 I was just reading some older posts on the topic and people were saying they're only getting about 2% option fee. Would you say thats about where you're at?

Hello Benjamin. I live fairly close to Kansas City, in Wichita and I wish I could help you out with the property more. I’m looking to purchase a home but I’m an agent and my income alone can’t qualify me for a mortgage yet. I’ve been looking into seller financing and rent to own as well. I have a question for you though, what do you mean when you say “2% option fee” what exactly are you referring to there? Just trying to learn more and anything on this would be great!

Term adjustments can be one or a combination of length of lease; monthly rent; option to purchase price; option money. Reassess the market and adjust as necessary.
There are pros and cons to both a contract for deed and a rent to own.  From my perspective you're better off doing the deal as a rent to own.  If things don't go as expected, an eviction is quicker and less expensive than a foreclosure.

Hi Benjamin,

How long has it been?

Good morning, Ben.  I've been using various lease option strategies for 30 years.  Finding a qualified tenant/buyer is a function of marketing and terms.  Not enough eyeballs on your property?  Your marketing is inadequate.
Getting views but no bites?  The market is always right and it's telling you your terms aren't in tune with the local market.  Do either of these apply?