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Answers to common questions about the

"Kiss Your House Payment Goodbye"

Master Lease or Performance Lease Programs

 


Table of contents:

What is this all about?

After you fill out a form by clicking this LINK or giving us a call, we’ll go over each lease program and work with you to figure out which one is appropriate for your situation. We’ll then evaluate the house and decide if it fits one of our leasing programs. We’re only interested in houses in good neighborhoods that don’t need a lot of work. The lease we sign, will give us the right to sub-lease. Houses in great neighborhoods attract good tenants. We want to make sure your home meets our criteria for the kind of good tenants we have in our database. Our screening process is very tough. We’re professionals with an existing portfolio of rentals so we have a team in place to obtain great tenants, collect lease payments and get repairs done by reliable handymen at discount prices.

We have two options to choose from when leasing to us:

Performance Lease Simply put -- when we get paid, you get paid. We lease the house from you at a fixed price. When we get the lease payment for that particular month, the fixed amount is paid to you. In most cases, we take care of any repairs under $75 so you don’t have to worry about annoying calls for minor repairs.

Master Lease Simply put -- you get paid, whether we get paid or not. Whether the property is vacant or not, you’re sent a lease payment. If you want to get paid every month with no calls about minor maintenance and upkeep, this is the option for you. With this option, we’re responsible for the first $175 in repairs. This is a lot more risky for us.


How are we all compensated?

Being that we have the right to sub-lease the house to another tenant, we get paid the difference between our lease payment to you and their lease payment to us. We make our money from the spread.


How do we receive our payment?

Our most common way of making payments is depositing the funds into a bank account of your choice or directly to the mortgage company. We can also send a check via mail. With the new technology, we’re open to using PayPal, etc.


Can’t I just lease it myself?

Of course. But do you want to deal with all the hassles? Are you familiar with tenant-landlord law? This is our business and we know the rules and everything involved when dealing with tenants. Working with us, you never have to deal any of those issues.

We’ve heard many stories of inexperienced landlords leasing to deadbeat tenants they could have avoided had they made one phone call. Deadbeat tenants are those who prey on unsuspecting amateur landlords.


Why would we work with you when there are hundreds of property management companies around?

You’re welcome to work with a property management company, but keep in mind that they won’t do the following:

But they will:

            


How would you handle it if a tenant trashed my house?

Because of our screening process, we rarely have any issues with tenants. We require a substantial upfront-fee to lease our homes. We use those funds to clean up and repair the property, if needed. We make all the arrangements and use trusted handymen who give us discounts because of our ongoing relationship. Remember, with either option you chose, we pay the first $75 or $175 of repairs after our upfront-fee is used.


What will happen if the tenant doesn’t pay?

This rarely happens because of our strenuous screening process. At times, we encourage tenants NOT to lease from us because we’re so tough. Before learning that good houses in good areas attract good tenants, we had a couple evictions. Now we know what to do and how to screen to avoid deadbeats. If you chose our Master Lease option, you will get paid on time, no matter what – even if the tenant doesn’t pay us.


Will I get calls at 3:00 a.m. because of a broken toilet?

Never! That’s why you’re working with us. The tenant will only have a direct line to us. They won’t even know who you are or how to contact you. As far as they know, we’re the landlord. And to give you even more comfort, we’ve never received a call at 3:00 a.m.


How long is our lease agreement with you?

Depends, but our typical lease is 5 years with the right to renew at the end of the lease term. With the way the market is, most folks we do business with are delighted to have guaranteed payments each month; especially those who have been trying to sell for months.


Will the tenant ever buy the property?

Most of the time the tenant actually wants to buy the house but needs time to clean up their credit and/or save money. This could be a quick way for you to find the buyer you were looking for in this down market. If you’re interested in having the tenant buy the house, let us know and we’ll tell you some of the programs we have to help them qualify.


What if we’d like to move back in at some point?

That wouldn’t be a problem. At the end of our lease term, you could move back in without an issue.


What if my monthly payment is higher than the house will lease for?

This happens from time to time with the houses we lease. ‘We’ll lose you less’! If your payment is $1,000 a month, which is better, having it rented and occupied at $800 a month, or vacant at $1,000? An occupied house where the tenant is keeping things functioning, maintaining the yard and paying majority of the mortgage payment is probably best. We’ll stop the bleeding, with either of our two options – Performance or Master Lease.


How can I "Kiss My House Payment Goodbye?"


Call 678-264-4060

or

  GO HERE to send us your information so we can contact you

 

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Lease The House Fast

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3695-F Cascade Rd. Suite 118
Atlanta, GA 30331
678-264-4060