Usually you want a lease to protect yourself from rent increases, moving and define what the lessor will deliver. Have you ever been stuck in a lease, when things change, and you have a year or more to go? You feel trapped. Now someone has a solution: Flip.
Teke Wiggin at Inman explains. “Flip is out to save both parties the headaches. The app, available through the AppStore, hosts a marketplace where renters can buy and sell rental leases.
“Sebastian Delmont, co-founder of StreetEasy, a New York City-focused listing portal owned by Zillow, has dubbed Flip an “entirely new kind of product and service for renters,” according to a testimonial posted on leaseflip.co, the startup’s website.
“Flip prequalifies renters who join its network by requiring them to provide answers to a series of questions along with proof of employment, income, a credit report and application fee of $50.
“Renters who pass muster can then peruse leases posted for sale by people seeking to move.
“Leaseholders who connect with renters through the platform can forward a renter’s “package,” which is generated by Flip, to their landlord or property manager for review.”
Imagine having a lease in a premier area. You must move, but rather than buy out your lease you sell it. Someone else gets a premier spot and maybe a fantastic rate. The landlord or property manager can reject a lease transfer proposed by a tenant using Flip. But if they choose to go along with a transfer, they can reassign the existing lease to the new renter or have the new renter sign an entirely new lease.
Coal to Cash Homebuyers, Inc. is here to help homeowners out of any kind of distressed situation or potential homebuyers find their dream home. As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what! There are no fees, up-front costs, commissions, or anything else. Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.
Give us a call today at 805-426-9988 to let us know what YOU need help with!
