I’ve read this article but am not sure exactly how much different this might be from a regular lease option: http://www.reiclub.com/articles/passive-income-no-money-down
How does a “master” lease option contract differ from a regular lease option contract? Anyone have one they can send me or know where I can download one?
Bump. Anyone?
I’m afraid that someone is playing with the language here. When a person enters into a lease he/she has what is called a leasehold estate. That particular property cannot be leased to anyone else because doing so would interfer with the leasehold rights of the person who leased the property.
It sounds to me like the article in question was really discussing what amounts to a net management agreement. The owner gets a certain amount per month and the manager gets what is left. If the new manager wants to contract with another management company that would be up to him or her.
I don’t see how the new manager could make much profit off of this unless the owner had no idea of the potential rents of the property.