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55912 | There would be no reason for the rent to go up. They pay the taxes and insurance. Your asset cost was sold at a fixed price. They would be responsible for all costs of maintenance. You sold the property on a contract spelling out the details. You get to charge an interest rate that is likely elevated. There total monthly cost is similar to renting you just basically are charging less rent but they assume the expenses you normally would but you have much more authority on removing them for breach of contract. If they exercise the contract great because you got to set thé terms up and they should be set up for a win. It provides better renters/owners and allows better access to the property in a shorter time frame in default. Lots of horrible renter story's. Not as many horrible repossession story's. Have a good friend that owns around 50 rentals/sale and they are all set up this way after hard lessons on rental evictions. He has also sold the same houses on contract 5 times or more because of default and would have been happy to sell them once under terms set in place | |
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rental eviction ?
