Shared Ownership
Shared ownership for rental purposes
We provide you with title to 70% ownership in a fully reconditioned home to which we hold clear title. We retain the remaining 30% ownership, plus the responsibility of the home's rental, maintenance, rent collection and reimbursement to you, and tax payment. This home will be occupied by a renter at the time at which you purchase your share in it, assuring you that it is in good rentable condition with immediate cash flow.
Advantage to you:
You receive a steady income of 70% of the monthly rental without having to involve yourself in any of the day-to-day management efforts or expenses of the property, which we undertake.
If you do not receive revenue from the property (i.e. if a tenant leaves), neither do we. Therefore, you can be assured we will make every effort to maintain the revenue flow to both of us. If/when the property sells, you receive 70% of the sale price and as the majority owner, you decide when you wish the property to be sold. We are there to help maximize your return.
Disadvantage to you:
Unless you want to undertake the management of the property, in which case you can buy it outright from us, we don't see any.
Monthly Rental
This is a normal monthly rental agreement whereby the tenant pays an agreed upon rent on the 1st or 15th of each month. The term of the rental agreeement is usually 12 months. The rental term can be adjusted as desired by property owner.
Advantage to you:
The rent is usually higher, providing good cash flow. At the end of the tenant rental term, the rent can easily be raised as the landlord deems appropriate.
Disadvantage to you:
As with most rental properties, the property owner is responsible for property improvements and yearly property taxes.