Benifits of Our Lease With Right to Purchase Program

1.No obligation to purchase!

2.Ability to purchase the home at any during the 5 year agreement.

3.Only a 12 month lease required, after which you can cancel out as you would in a traditional lease.

4.Security deposit fully refundable.

5.Homes purchased in cash with fast close dates to help assure you get your home at a great price.

6.You choose choose your perfect home from the for sale market, just like you are buying a home!

7.Expands your rental options beyond the low inventory on the rental market.

8.Higher quality homes than you find on the rental market.

9.Foreclosures, short sales & bankruptcies accepted.

10.Stated incomes accepted

11.Up to 3 pets allowed (ask about weight / breed restrictions)

12.We can purchase homes between $100,000 - $550,000.

HOW IT WORKS :

CLICK HERE to read more about the program and search available properties.

Start the application process. ($75 app fee per family, 2-3 days for approval)

Set up showings and tour homes for sale just like you are a home buyer.

Once we find the perfect home, we purchase the home for you in cash.

Sign a 12 month lease, renewable for up to 5 years.

Move into your new home! (typically the whole process takes around 5 weeks)

QUALIFICATIONS :

525 credit score minimum.

$50,000 in combined household income.

No prior felonies or evictions.

Soruces:  http://rcmn.com/resources/lease-homes-for-sale-realtyconnect-realty-connect

Landlord Responsibilities for a Rental Property

Erik Laine : A landlord has the responsibility to keep their tenants and the surrounding community happy. Taking the proper care of the rental property plays a huge role in keeping everyone content. Following health and safety codes, performing regular maintenance, paying bills on time, and maintaining the proper insurance are all part of a landlord’s obligations. Learn ways a landlord can protect their property.

Responsibility to Follow Safety Codes

As a landlord, it is your responsibility to follow all local, state, and federal safety codes for your property. These codes can vary greatly depending on the state your rental property is in. You can find the responsibilities on the state level in your state's landlord tenant law, but your town may have additional requirements, so you should always check your local laws.

Maintain the Proper Insurance

s a landlord, it is in your best interest to maintain the correct amount of insurance on your property. If you have a mortgage on the property, your lender will often require you to obtain certain types of insurance. This is to protect them in case of damage to your property, such as from fires, floods, or even a ‘slip and fall’ claim.

Pay Mortgage
If you have taken out a mortgage on your property or a private loan to buy your property, you are responsible for paying this loan back according to the set payment schedule you agreed on. If a mortgage payment is more than 30 days late, it will negatively impact your credit score.

Responsibility to Pay Taxes

Whether you are an owner-occupant of the property you are renting out or have a stand alone rental property, you are responsible for paying property taxes to the government. You will also have to pay taxes on the income you receive from collecting rent.

Perform Repairs

You must not only perform preventative maintenance, but you must also perform repairs on your property. This includes small repairs such as fixing doors coming off of their hinges or unclogging a shower drain. It also includes large repairs such as replacing a roof or rewiring electric. Of course, if you are not skilled in areas such as plumbing or electric, it is best to hire a licensed professional who will make sure the work is done properly and according to code.

Originally posted: https://www.thebalance.com/landlord-rental-property-responsibilities-2124989