The "Rent to Revenue" Model
This is a little model I came up with when I started marketing my first rental property. The goal of this model is to find good tenants who communicate efficiently, take better care of my property, and to take what would usually just be a single income source (rent) into two streams of income (rent & commission).
In marketing my single family home I noted in the comments that if anyone was interested in eventually becoming a home owner then they should include that in communications with their application and that the landlord is a licensed real estate agent who would love to help them find their first home when they are ready (there was no lease to own option involved in this, my goal was not to sell my rental). My thinking was that whoever was interested in buying a home could use a good landlord on their side. I also had the thought that my tenants would have a vested interest in staying in good contact with me about issues and would ultimately take better care of my property as well. Plus, the tenants that want to become home owners are more often than not going to be more responsible than long term renters, especially when they do not want to have any issues that could impact their credit. The end result will be that they use me as their realtor for their home purchase, which will result in me being able to cash flow on my current rental and then receive commission as their buyers agent for their home purchase.
Would love to hear any thoughts on this strategy and wanted to share this! Try to stay creative out there!