Offer Seller Finance, agree on terms and condition, and collect a monthly mortgage payment, you will still technically control the property without a property management, and taxes, insurance, toilets will be the responsibility of the tenant/Buyer.

You see, there’s nothing worse for an attorney taking on a contingency case, fronting all the legal expenses and investing their time to win a case and obtain a court judgment – then NOT be able to collect on the judgment.So, astute attorneys will research the available assets and insurance before accepting a case on contingency.

Typically, it’s set at one months rent, in order to simplify collecting one month of unpaid rent.

I collected a 7k option deposit from them and my agreement with the seller was for 1k option deposit. now I need to know how do I close this deal and collect the difference I'm owed. do I assign it back to the seller?

Pulling up in your Tesla to collect section 8 rents is not going to go over well in many communities (of course if you are renting swanky lofts at a premium, go fort).

Keep making the payments on time, and don't change your Hazard insurance to a Landlord policy for the time being - Lender won't know and will be happy to continue collecting payments.

Best bet is to have them sign it and send it to collections to make sure they actually pay it.

Putting him on the lease, but having the current tenant be a co-signer (would this allow me to collect full rent even if he finds himself unable to pay?)

BP, How will this new act affect collecting rent from tenants?

Having the integration they offer (lease customization, for rent postings, tenant screening, collection of rents, etc.) seems like a powerful tool especially with the extremely nominal costs associated with each one.Has anyone used either (or both) options and if so, what has been your experience with them?