8d (edited) • 💬 General Chat
Potential lease option?
A landlord I was previously speaking with got back in touch today about a vacant HMO in Bristol.
He initially got in touch as he was wanting guaranteed rent or management.
Once I checked out the property I noticed it is actually for sale. It is for sale with a company who aren't local and who I have dealt with in the past. I don't rate them very highly!
He has said he is open to a 5 year lease then they would look to sell.
The rent they are wanting isn't going to happen as it is market rent.
It is his fathers property and they have a massive portfolio in Bristol so would like to try and get it to manage or on Lease option to buy in 5 years.
I'm going to check it out this afternoon as I'm going to another property I manage in Bristol to do a check up after a long term booking. Big thing is parking for it to be SA.
If parking is not available it can only be HMO but I would still be interested but only as a Lease option to buy inside 5 years.
Any tips?
If I can solve this problem for them it could lead to a lot more properties coming my way as this family own a lot of properties in Bristol
Done more due diigence and he had it up for rent earlier in the year at £500 less he asked for from me and unsure if he got it rented...
Should I share I know this information or keep it quiet as now I know what rent he was trying to get but ultimately didn't get...
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Potential lease option?
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