What Are the Lease Option Benefits to Landlord/Sellers?
• Huge market of buyers all the time. There is never a shortage of people who want to purchase homes, but for whatever reason are unable to do so in a conventional manner.
• No management headaches. Investor handles the minimal management required.
• No realtor commissions. Landlord/seller can save the usual 5%-6% commissions.
• Higher quality of tenant. Because the tenant is the future owner of the house and has been screened accordingly, there is little concern for damage to the property.
• Less vacancy time. The lease/option attracts a greater number of interested buyers who are looking to move in quickly.
• Positive cash flow. Landlord/seller will receive a monthly cash flow from the tenant/buyer, rather than having the house sitting vacant with a mortgage payment due.
• Seller retains tax shelter. The same benefits that the seller has enjoyed in the past may still apply (seller should check with accountant for specifics)..