Be wary of sell and rent back rogues

Now after a long time of picking up no media coverage companies that offer sell home rent back schemes are now under the media spotlight.  We have seen a flurry of activity in the press focusing on landlords who offer to buy house’s and rent them back to the owners.|}

Rent Back schemes do offer an important service to those people who want to release equity, escape repossession, or sell quickly to emigrate or move. Rogue operators could just get the tenants out and sell on for a fast profit. Most Rent Back operators take a longer view and do not intend to sell. For these operators having a tenant who treat the house like they did when they owned who intends to stay for a long time sell and rent back tenants are ideal as they mean few rental voids and maintenance issues. These landlords see their houses as an asset that will grow in value over the long term and as such are happy to commit to tenants who wish to stay.

People who are looking at a sale and rent back scheme should be aware of the pitfalls and talk it through with the person who is buying their home. Homeowners should ask for references from previous clients who have sold their home and rent back.

RentBack Direct is such a company with good references and ethical standards.Contact them regarding sell home rent back and you will not be dissapointed.