If you take the time to screen your tenants properly it can be a very favorable arrangement for everyone.

_______________________________________Just thinking out loud here, but would love to have some dialogue with others about this concept that's been rolling around in my head: Your quote above got me thinking...so many architects (and designers) work with clients/developers with a fixed fee arrangement. 

In any case let them know you will select someone and they can arrange timing for the repair.

In my experience these arrangements usually have a slightly higher down payment and interest rate than conventional financed deals, but rate and terms can be whatever both parties agree to.

@Joe Norman Can you tell me more about your arrangement (fee, timing, etc.) with your contractor (s)?

While they do charge a small fee based on the amount collected, they have proven to be effective in arranging payment plans and facilitating settlements.Unfortunately, unpaid rent often remains unresolved for extended periods, but we've found that many tenants eventually realize the need or desire to repair their credit in order to purchase a home or secure a new rental property.

Either method can be done safely for both parties if done properly, but after having done or been involved with over a thosuand of these arrangements, I have yet to see one that started out properly.

@Jason Merchey let’s arrange one in DMs!

Nice, maybe we can arrange a meetup when you come to LA.

They are a young couple with no credit history but their parents will co-sign.1) would you go along with that arrangement?