Consulting or Not, That Is The Question - Posted by ChuckD
Posted by ChuckD on October 26, 1998 at 23:29:27:
Three times in the last two weeks, we have had homeowners ask us if we could help them with lease optioning their homes. We said no, but it got us to thinking.
Is it possible to work with a homeowner strictly as a consultant, much as you would in any other field. I’m not suggesting that we find buyers and sellers and put them together, that’s a broker, but rather impart your
specialized knowledge on how to word ads, do credit checks, screen potential tenants, etc.
The consultant would not or should not get into the legalities of the contracts, but could suggest how to structure terms and/or pricing.
The homeowner would be responsible for placing and paying for all ads and actually all the work involved. The consultant would just be providing information.
From what we’ve run into, there seems to be a market for this, but we were not sure of the legal ramifications.
This appears as if it could generate income on those properties where a deal is just not possible.