Feelings Vary
Some see being a landlord like this...
And others feel a little more like this....
We aren't here to tell you how you should feel about it..
We're here to help you change it if you want....
If you find yourself as an accidental landlord and have had enough we can help. We buy houses, pay too much and usually pay most if not all closing costs.
If you’re a professional and want to explore strategically reducing the number of houses you have, want out or are just curious, we can help you too.
Why not DIY??
Before I get too far into explaining this let me briefly explain why you shouldn’t try this at home…
Or with your home…
Unlike brain surgery, you can do this yourself. However, search the internet and you’ll find many sellers who have tried and failed.
There are many reasons it fails but here are the top reasons:
Typical Seller: They usually accept someone they know (maybe work with) or one of the first few people who ask them to do a lease (or rent) to own.
And usually they ask when their kids are running around the house being in love with a house to make it harder for someone to say no.
Us: We go through 1000’s of people before deciding on the best fit based on a number of pre-determined criteria
Typical seller: The tenant asks to receive credit each month for money paid and that seems to make sense.
Note to seller- It’s about the worst thing you can do other than choosing the wrong tenant.
Us: We allow a very very small amount each month based on the tenant meeting specific goals.
Typical seller: Does not create a down payment plan because they trust the tenant when they say they will save money for down payment.
Us: Tenant DOES NOT MOVE IN without solid down payment and a plan to build it to an absolute reasonable minimum.
Any deviation along the way calls for potential and immediate eviction.
Typical seller: Trusts that tenant buyer is who they say they are.
Us: Have extensive background checks completed on any and ALL adults who will reside in the home.
Typical seller: Trusts that the tenant will take care of their credit issues since you are giving them the chance to own a nice house.
Us: No tenant buyer is accepted until their credit has been evaluated and reviewed by a professional credit evaluation agency. Then an individualized and expedited plan has been developed AND ACCEPTED and finally they have enrolled in a credit repair or enhancement program.
Typical seller: Crosses fingers and hopes the tenant gets to the finish line because they think it’s the best/only option.
Us: We monitor and manage tenant compliance on all levels during the entire process to ensure they get to the finish line.
Typical seller: If the tenant buyer has a life event the situation becomes tense and argumentative and tenant often damages the property before finally leaving.
Us: I’m not going to say our buyers don’t have life events because they do BUT, they know clearly what was expected of them and what they promised to do and what they were offered for their compliance and often (not always) leave the house nicer than they found it.
I am an Accidental Landlord......
I wanted to take a couple minutes and introduce an idea to you.
If you feel stuck I want you to realize many of our accidental landlords feel that way..
Honestly, we can help..
It really doesn’t matter what the situation is:
The market is soft where your house is..
No equity…
Limited equity…
A less than perfect house..
A less than perfect neighborhood…
Maybe you are a little past due…
You see, the way we buy houses allows us to help you and at the same time help someone else..
And it’s this need that we built our business on…
Now, to be honest, it’s not entirely altruistic because we do make money…
But it sure feels good to help sellers who are in a bind and buyers get a house when they have few good options…
I'm a Professional Landlord
Obviously real estate is an awesome investment but…
often times, for accidental landlords, it feels like a weight around their neck and…
that’s why we specifically try and reach out to them.
Sometimes we get our wires crossed and end up reaching professional landlords too.
But, we do have a plan that can help you liquidate holdings you may not want to keep for whatever reason.
I’m not suggesting you should get out of the business but when you want to liquidate some of them we can help.
What we do for most professional landlords:
We will find the perfect tenant buyer (who will truly act as a buyer)…
We will exhaustively vet and verify them
with our background checker.
Then they go to our credit screening team
for a detailed and individualized credit repair and enhancement plan.
If they can’t or won’t agree to follow through on the plan (so they can get a mortgage down the road) we keep searching for tenant buyers..
Then, when all of that is right we will get everything signed, collect the down payment (that you and I share.)
Then I turn them over to you as a signed sealed delivered package at above market value with a specific plan for them to own the house.