Guaranteed Lease Program
What is the Guaranteed Lease Program (GLP) ?
The Guaranteed Lease Program is an exclusive program offered by Newton Realty that allows you to take advantage of the buyer’s market without taking a huge loss on your current home. If you purchase a new home with Newton Realty as your buyer’s agent, we will guarantee rent payments on your current home for 1 year. This allows you to move forward with the purchase of your new home with the peace of mind of guaranteed rent from your current home.
How does it work?
It is simple, purchase a home with us as your buyer’s agent and we guarantee your current home to be rented at 90 – 95% of market rent for one full year. Newton Realty will handle all the ugly details involved in being a landlord including: finding renters, screening and conducting criminal and background checks for applicants, collecting security deposits, collecting rents, and attending to ongoing maintenance issues.
We cover all rent to you even if the home is not rented!
In the rare event a tenant doesn’t pay Newton Realty continues to pay you rent for 12 months! This is what makes working with Newton Realty such an easy transition to your new home.
No. In fact you can just sit back and collect your rent check while Newton Realty does all the work for you. We take care of all of the day to day details of renting your home including: marketing, screening applicants, repairs, move in, move out, collecting rent and all other tenant issues.
Sure thing! In fact this is a very common practice. Just give us 60 days notice to market your home as a rental. After this period, you start receiving monthly rent payments even if your home is vacant.***Ask About Our Guaranteed Sale Program***
Yes, you will not only get the benefits of using the GLP program but also get an experienced Realtor® who will protect your best interests and make your home purchase a smooth transaction.
Yes, this allows us to control the quality of the tenants and protect your investment
Absolutely. If your home is upside down, the GLP offers you a great solution to get into your new home now and take advantage of this buyer’s market and great interest rates. The rental income can pay down the mortgage and also allow time for the real estate market to improve.
Peace of Mind
When Newton Realty manages your investment, you can have the peace of mind that we will treat your home like it is our own. We take great pride in providing the best customer service for our property owners and go the extra mile to ensure our owners have 100% peace of mind. Here are just a few extra mile services we offer:
- Exhaustive tenant screening
- Exterior & Interior inspection twice per year with emailed photos.
- Move in and move out video inspections emailed to owners and tenants
- Automatic e-deposits into owners accounts
- 24/7 online access through Owner Portal