Columbia Basin, Ephrata, WA | ozzymydog - 12/11/2022 05:22
Just set it up as a sale. X down like what would be in a security deposit. New owner carries insurance. Spell out payment dates, loan schedule and interest. Escrow taxes and insurance Make the numbers similar to rent payments. If they miss the terms they are out and you have the property back and do it again. I see it as a win for both. Taxes and insurance are cheaper and should net you more money per month.
What if they’re in a while and the rent needs to go up?
What if they fulfill the contract but you didn’t actually want to sell the property?
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rental eviction ?
