Finding tenant to do a Rent to Own
I have a property in Kansas City that has been freshly renovated. I have been working to find a tenant but haven't had any luck yet. So far I've marketed on FB, through my own network and on a rental site that shares to several others like redfin... etc. Has anyone had success finding tenants for rent to own or even contract for deed deals they've done? Any tips or advice would really be appreciated!
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Term adjustments can be one or a combination of length of lease; monthly rent; option to purchase price; option money. Reassess the market and adjust as necessary.
There are pros and cons to both a contract for deed and a rent to own. From my perspective you're better off doing the deal as a rent to own. If things don't go as expected, an eviction is quicker and less expensive than a foreclosure.