Frequently Asked Questions

What is Rent-to-Sell?

Rent-to-Sell is in essence a purchase contract with pre-negotiated terms combined with a rental agreement. The buyer leases the property for a specified period of time and then has the option of purchasing the property before the end of the lease agreement. Sales price, length of rental, closing costs, and maintenance are all negotiated much the same as a conventional real estate transaction. Rent-to-Sell, if properly utilized, is both a seller's and a buyer’s dream come true, because it can eliminate many of the negatives normally attributed to the selling and buying of a home.

How does it work?

We present a monthly lease amount as well as a pre-determined sales price that is agreed to by all parties. Rent-to-Sell is basically a monthly lease set up over a pre-determined period of time. At the end of that time, your property is purchased from you for whatever the pre-determined price is, or future price which can be set as well.

The basics are simple:

• You rent your property to us.

• You give us the right to buy your property for a set price.

• We place a Tenant-Buyer in your property.

• The Tenant-Buyer receives the right to buy your property at or above your agreed price.

• We don’t make our money off you, we make our money off the tenant-buyer.

That sounds great, but I don’t want to have to worry about repairs on a house, I want to be done with it! Who handles the repairs?

The great thing about our unique Rent-to-Sell Program is that we take care of all of the day to day repairs that are needed on the property. While most landlords don’t last long in the real estate business because they quickly get tired of late night phone calls for minor repairs, we take the “landlord” out of getting a monthly income. No more late night calls and repairs, and you can sit back and enjoy your check.

How do you eliminate my maintenance and repair problems?

You’ll have 3 levels of protection. 

First, we will purchase a homeowner’s warranty and will keep it in force for the life of the lease. 

Second, theTtenant-Buyer will be required, by the terms of their lease, to perform all maintenance and repairs to the extent the law allows.  

And, third, you’ll maintain your homeowner’s policy to protect against incidents covered by insurance.

What do I have to do?

For the most part, as the homeowner, you don’t have to do anything! We take care of all the paperwork as well as the placement of Tenant-Buyers and monthly payments. And because you don’t have to worry about the day to day repairs, the only thing you need to decide is where you want your monthly checks sent! It is really quite simple.

How do I get my payment each month?

We can set it up however you like. Some of our homeowners like for us to electronically send the payment each month straight to their bank account. Others prefer us to set up an escrow account where we mail the rent to the escrow account and the account pays the mortgage. (You can call the escrow account anytime and request a statement of activity so you can see when the rent was paid and when the mortgage was paid.) We can even set it up to automatically pay your lender each month and send you the difference. That way you won’t have to worry about a thing!

How do I know if you’ve made the mortgage payments for sure?

If we set up the payments to go directly to your mortgage company, and the payment is not there, your lender would immediately notify you. You are always in the know. Further, you can contact your mortgage company any time to verify that they have received the payment. We usually set this up through our bank as an automatic payment so that there is no room for human error. If we set up an escrow account for that, there will be a monthly escrow fee to be paid.

What if my house is completely outdated and needs repairs now?

No problem. We work with both buyers and sellers in every type of situation you can imagine. Believe it or not, we have a lot of Tenant-Buyers that don’t mind doing a little fix-up in return for some equity. We work this all out FOR you, so you don’t have to!

What if a tenant tears up my house?

There's no way that we can guarantee you that a tenant won't damage your house since you or I won't be living with them. But under our agreement that we will have with you, as the seller, if that happens, we repair it at our expense. Our objective is not to find a "tenant" - our objective is to find a NEAR QUALIFIED TENANT-BUYER who will eventually own your property. We investigate them thoroughly before entering into an agreement with them. Damages are rarely a problem. In fact, in most instances we have found that many times our Tenant-Buyers have improved a house with new carpet or some other upgrades, such as fencing, new paint, window coverings, etc. But remember - if it does happen, WE’LL FIX IT - and WE PUT THAT IN WRITING! 

The only catch is that you have to let us find another Tenant-Buyer and we get to do it all over again!

Why don't just find my own Tenant-Buyer?

If you have the expertise to do it, that would be a viable option for you.

Who handles the paperwork? Do I have to pay for that?

We have all of the necessary documents to make the transaction happen. And the best part is that you don’t need to be an attorney to be able to read them! Of course, you are always welcome and encouraged to have these items reviewed by your attorney at any time during the course of the transaction. We want you to be 100% comfortable with everything before moving forward.

What else do I have to do?

That great thing about selling your house with our Rent-to-Sell program is that you don’t really have to do anything else at all! Once we come to an agreement, you can leave the rest to us. We can take care of the day to day repairs, finding the perfect Tenant-Buyer, the monthly payments, and more. You just sit back and consider your problem solved! 

Then, you can MOVE ON WITH YOUR LIFE!

By the way, we are licensed in the State of Michigan and the State of Washington.

Any Other Questions?

If you have any other questions or concerns, please feel free to text or call us at 503-406-8682. Or, e-mail us at goanyus@gmail.com.