How does a doorstead work?
This reduces the risk of you trying to rent out the property yourself, often with a financial discount. Property owners and property managers can also put up with wholesale rental marketplaces. By purchasing the weeks during the term, the manager has increased control over the management of the property. It handles open house tours and runs background checks on potential tenants to see who pays rent the most reliably.
You’ve found the perfect tenant to love my home and give me peace of mind that I’ll never have to worry about missed or late rent payments again.
What is guaranteed rental income?
One potential disadvantage is that by selling the lease right to a third party, the homeowner loses control over how that property is managed during the term. However, this can also be negotiated and agreed upon in the contract. If your property is suitable, all parties enter into a 1-5 year agreement that guarantees you fixed rental income every month, on the basis that Pass The Property can rent out your property with a strategy that works for everyone. This is agreed upon together. There are various options for legally subletting a property, usually commercial or company leases, management contracts and leases, or guaranteed rental arrangements. However, buying through a contractor or developer who offers guaranteed rental returns is a red flag for me.