All Forum Posts by: Chandra Faulk

That is good information. Not thrilled that it appears to be going up, but glad to know that we aren't the only ones experiencing longer hold times. Thank you so much!

Thank you! 

Thank you! That is a good idea…we will consider doing that.

Thank you so much for your reply and advice. It was very helpful! 

I am in the Oklahoma area. How long does it take to screen a tenant and find a qualified one for LTR? We have had our house listed for rent for 1 month now, and have not found a qualified tenant. We are using RentRedi for screening. We have lots of interest and showings, so we feel our rental rate is right at market. There just seems to be a lot of credit and/or background issues with prospective tenants. We list on Marketplace, Zilllow, Realtor, etc.

Thank you so much. I’m wanting perspectives like yours as well to know what risks we might be taking. If you don’t mind me asking, did you allow any part of the rent to go towards the purchase price, or did only the down payment go to the eventual purchase price?

Thank you! 
We did it once about 8 yrs ago (although it was structured more like a lease-purchase). It was a great experience…high quality renter, no maintenance on our part, and she paid it off a year earlier than anticipated.

It was too long a term, though, and did not account for appreciation, especially during 2022-2023.

We have heard a few podcasts on the rent to own strategy, and are very interested. Just not sure on how to structure it…..

We are considering using the rent to own strategy with our newest deal, a 2 bed, 1 bath. What are the pros/cons of a portion of the monthly rental amount being applied to the final purchase price, vs. no credit of monthly rent towards eventual price?How do I decided on length of term...2 years, 3yrs or more?

Is there a demand for this type of strategy in Oklahoma?

Thank you! 

Thank you so much for your help understanding this. I appreciate it!