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  • Other Added - Selling Property Using Lease Options - How to Make the Process Smoother

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    Since the stock market crashes of a few years ago, more and more investors have looked to real-estate for their futures. The only problem is for the average mid income investor, its difficult to come up with enough collateral for that second purchase. Another worry is making the monthly payments if it does not rent as easily as expected.T
    tty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of

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    There are many advantages of selling your property using lease options – or so it is claimed. Basically, they say, you get all the advantages of both selling it and renting it out, without the disadvantages of either. Specifically, you get a large sum of money up-front AND a monthly income. You have none of the hassles of being a landlord and having to deal with the day-to-day problems of tenants. And you come in for a healthy profit when your buyer gets a new loan on the property and buys you out.

    However it is not entirely true that there are no land lording hassles. In fact, many have found that it’s one of the biggest misconceptions about lease options to believe that you don’t have ANY repairs or maintenance issues. Even if you have the tenants/buyers sign a waiver accepting responsibility for repairs up to a certain amount, they are going to be pretty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of c

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    Specifically, you get a large sum of money up-front AND a monthly income. You have none of the hassles of being a landlord and having to deal with the day-to-day problems of tenants. And you come in for a healthy profit when your buyer gets a new loan on the property and buys you out.

    However it is not entirely true that there are no land lording hassles. In fact, many have found that it’s one of the biggest misconceptions about lease options to believe that you don’t have ANY repairs or maintenance issues. Even if you have the tenants/buyers sign a waiver accepting responsibility for repairs up to a certain amount, they are going to be pretty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of

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    fit when your buyer gets a new loan on the property and buys you out.

    However it is not entirely true that there are no land lording hassles. In fact, many have found that it’s one of the biggest misconceptions about lease options to believe that you don’t have ANY repairs or maintenance issues. Even if you have the tenants/buyers sign a waiver accepting responsibility for repairs up to a certain amount, they are going to be pretty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of

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    out lease options to believe that you don’t have ANY repairs or maintenance issues. Even if you have the tenants/buyers sign a waiver accepting responsibility for repairs up to a certain amount, they are going to be pretty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of

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    tty upset if a huge repair bill arises within a week or two of their moving into the property. This is not going to improve relationships between you and your tenants.

    In addition, if you do a good enough job of convincing them that repairs are THEIR responsibility, they may not even call to let you know when there’s a problem. And since they probably don’t have the money to fix the problem, they will just let it continue. The outcome will be that there will eventually be some much more serious repair issues that are hugely more costly to fix.

    There are some steps you need to take when selling on lease options, to ensure that major issues don’t arise.
    · Have your tenants/buyers get an inspection done, or sign a waiver if they choose not to do so. This reduces your risk of a come-back if they later find that major repairs are needed.
    · Use part of their funds to purchase a home warranty. You may be reluctant to do this because these are funds that would have reverted to you. However, it is worthwhile for the peace of mind, knowing (a) that the tenants/buy

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