1. How are rent amounts determined?
We conduct analysis on the specific home type, the neighborhood and comparable rents in the area. The demand for housing, both rental and ownership, is influenced by various factors such as lifestyle preferences, affordability, and housing supply.
2. How do you screen rental applications to find good tenants?
It is essential to perform a full background check and criminal history. We leverage the integrated services of Buildium Property Management Services to effectively perform full background and criminal history checks on all potential renters.
3. How do I pay rent?
Rent rates are set in the lease, as well as the due date. As soon as you sign the lease, you’ve legally agreed to the terms, so be sure you fully understand the document before you sign.
Rent can be paid via the online portal of Buildium Property Management Services which will be integrated with the Paradise Place Properties website.
4. Can my rent be raised during my stay?
Landlords are allowed to raise the rent once the lease has expired.
5. What is the security deposit used for?
The security deposit is money paid to the landlord to protect the landlord in case you cause any damages to the property or in case there is rent due when you move out.
1. What does rent to own mean?
Rent to own homes are a real opportunity for people who need help with or time to save up a down payment. Rent to own also gives tenants time to build their credit to qualify for a mortgage.
2. Are all homes available for rent to own?
No, not all rented homes are available to be purchased. If you are planning to rent a home and are interested in whether it is available for purchase, this is a discussion that we can have with the property owner for you.
3. Do I need a realtor to rent to own?
No, you do not need a realtor to rent to own. Paradise Place Properties has certified realtors on staff and can provide referrals if needed.
4. How does rent to own work?
Rent to own works because you rent the house for a period of time and then have the option to buy it before the lease ends. You have the option to purchase the house at any point throughout the lease. You pay additional premium payments that go toward your down payment.