Rent To Own MN

Rent To Own Houses In Fridley – How Does It Work?

Curious to know more about rent to own houses in Fridley?

Keep reading to find out how they work and to know whether rent to own is right for you

Most people think of renting a house or owning a house… but few realize there is an amazing “middle ground” – rent to own houses in Fridley – that gives you the best of both worlds. In this blog post, you’ll read about what it means to rent-to-own and how it works.

Renting: When you rent, you pay the landlord for a place to live. As long as your rent is paid, you have a place to live.

Owning: When you own, you take out a mortgage from the bank and they give the money to the seller. You pay the bank back for their loan.

Both of these have advantages and disadvantages. But right in the middle is a great way for aspiring homeowners to get into the house of their dreams – through rent to own houses in Fridley. Here’s how it works…

First, you find someone who does rent to own houses in Fridley.

Second, you make an agreement with them to rent their house for a period of time (the length of time is determined between you and the owner, and it might be a few months or a few years).

Third, you rent until the rental period is complete and then you purchase the house for an amount you and the seller agree upon.

Click here to learn more about rent to own houses in Fridley and how we can help. Or, give us a call at 612-840-6507

  • Renting to own allows you to get into a permanent home sooner than renting the traditional way (renting one place and then buying a different place).
  • The period of the rental also gives you time to fix up your credit if it’s not in perfect shape, so that you’ll have good credit by the time you need to get a mortgage.
  • And, renting to own sometimes offers alternatives to saving up a huge down payment (for example, some of your rental payments may go toward a down payment so you’ll have less to pay when it comes time to pay a down payment – this varies, though, between each rent to own houses in Fridley).

Rent to own houses in Fridley is a great way to find a permanent place to live for the long-term, and to get into a house without the high cost of down payments… even if your credit isn’t perfect right now.

Want to see how we can help you? Want to see what rent to own houses in Fridley are available for you? Click here to fill out the form or call our office at 612-840-6507

Rent to Own Home Scams in Fridley – How to Avoid Scams

Protecting Yourself in Fridley From Scammers: There are scammers marketing rent to own homes here in Fridley MN. Learn how to avoid them…

Are you starting to look for rent to own houses in Fridley?

Rent to own homes (also called lease option or lease purchase) has become a popular way of getting into a house when your financial situation has thrown your house hunt for a curve.

But, you may have heard of some of the scams out there that have left lots of honest people out thousands of dollars instead of in a home of their dreams.  Some recent tenant deposit taking schemes, mainly from predators using websites like Craigslist (which is a very legitimate website to find great rent to own houses) have made it into the news and has many would be rent to own tenant buyers nervous about whether or not the house they’re looking at is also a “scam”.

Rent to Own Home Scams in Fridley – How to Avoid Scams That Are Out There

There has been an increase in scams that are out to fleece either potential tenants or homeowners. Several forms of scams exist that have come out in recent years.

There are those scammers who take advantage of popular property buying and selling websites to scam potential tenants, especially foreigners.

They create counterfeit websites of the popular sites and put up enticing advertisements. Once a person falls for them, a series of email communication flows and the tenant makes a deposit, and that is it – once that deposit money is sent over to the scammer… it’s nearly impossible to track down who did it or how to get the money back.

The biggest scam that is out there for potential renters or rent to own buyers is described below.

Taking Deposits On A House They Don’t Own… Then Disappearing Into The Night

Some scammers are getting really smart about how they intend to part you with your hard earned money.

The biggest one today is where a scammer finds vacant properties where the owner of the house lives out of the area…

… they break into the house, take pictures, then they upload those pictures and a “for rent” or “rent to own” listing on websites like Craigslist.

The listing looks legitimate… so you go and look at it… maybe even meet the scammer face to face… they tell you there are other people looking to rent the house as well so you better put a deposit on it today… so you do.

What you don’t know is that that scammer had a whole slew of other potential renters visit the same house that day and put a deposit on the house as well.

The scammer then takes the deposits… cashes the checks… and disappears.

A version of this scam also can happen where you don’t even see the house and the scammer tells you that you may want to put a deposit on the house asap because there are others interested. So you do, even before you see the property in person, and your money is gone forever.

How To Avoid Rent to Own Scams – Some Quick Tips

Ok, so you know there are scammers out there.

Now… how do you avoid being a victim to a scam and how do you protect yourself during the process?

First off… verify that the person / company you’re dealing with is legitimate.

Our company, The Antonov group, is registered with the state of MN which you can verify online… and you can find our company listed on many online business directories where it’ll show all of our contact information.  If you’re working with an individual (a person,  not a company)… when you see the “owner”… if you feel anything is off at all… don’t be afraid to ask to see their drivers license for proof of their name and address… and write down their license plate number of their car before you leave.


Tip #1: Verify the identity and contact info of the person or company marketing the property so you know they’re honest and legitimate

Tip #2: Never give a cash deposit… and never hand a deposit check over without a contract in hand to a person you’ve verified is legitimate. 

Tip #3: Don’t ever feel pressured to put a deposit down “today!” if you feel uncomfortable doing so. Trust your gut. 

Tip #4: Search the address of the property online and see if you can find the name of the owner on record. If that doesn’t match up with the person you’re working with… ask that person for proof of their identity and ability to rent the house to you. 

Tip #5: As a last resort, if you ever don’t feel right about it… just leave. There will always be more houses that will come around. 

A quick rundown for you…

  • When visiting the property, ask the Identity of the agent.
  • Avoid buying agents that are not yet established. Go for established ones.
  • Carry out due diligence on landlords websites to be sure the websites and the landlords are genuine.
  • Avoid making upfront payments until you are certain the agents or landlords are genuine.
  • Treat prospective clients whose emails are written in broken English with suspicion. You may search them in google to find out whether they have been listed as scammers or not.
  • Seek the advice of experts or the experienced in the property market.
  • When making payments, ensure you have a lawyer involved.

In conclusion, it is up to you to be diligent enough to avoid being scammed. They say when the deal is too sweet, think twice. Don’t rush into sealing deals before giving them a second thought.  Hopefully these tips will help you avoid rent to own home scams in Fridley and arm you with a new sense of confidence when you’re out there looking for your next house!

Looking For A Reputable Rent To Own House In Fridley? See Our Available Properties Below!

We at The Antonov group are one of the Fridley MN area’s leading rent to own house experts.

If you have any questions about the rent to own process or just want to see if renting to own a house is right for you… don’t hesitate to reach out to us by giving us a call at 612-840-6507 or email us on our Contact Page.

Plus, see the Fridley rent to own houses we have available and get on our Early Alert Email List to see new rent to own houses as they become available.

See Available Local Fridley Rent To Own Houses Here >>

Renting An Apartment vs. Renting A House in Fridley

So, you’re looking for a place to rent in Fridley?

As you’ve already seen… there are a lot of options in the Fridley area for housing.

All the way from apartments in Fridley to rental houses in Fridley… condos… mobile homes, and more.

But if you’re struggling to decide if you want to rent an apartment or a house… check out our tips below on the “pros and cons” of renting a local apartment vs. the pros and cons of renting a local house. (also, see our blog post on pros and cons of Rent to Own Programs for more detailed info >)

Renting A Fridley Apartment –

There are lots of great apartments in Fridley.

You’ve probably found new apartment complexes with all kinds of amenities like a swimming pool, gym, rec area, and all kinds of other perks.

And you’ve probably came across some bare bones apartments that just gave you 4 walls and not much else.

So here’s some Pros for renting local apartments:

  • Often rent is cheaper with an apartment vs. renting a house
  • Sometimes some services are included in your rent (trash, water, etc.)
  • Maintenance is 100% taken care of by the management (if you’re in a bigger complex, usually the maintenance person is on-site and can repair things quickly)
  • Sometimes there are more apartment units available than houses you want
  • Amenities are often included like rec rooms, gyms, pools, and more.
  • Sometimes you can pick up your neighbors wifi!

Here are some Cons of renting local apartments:

– You have neighbors sharing walls with you (sometimes on 3 sides of you)
– The stairs: If you get an upstairs apartment it can be a pain getting your furniture in and out
– Parking lot dings: If you’ve lived in a large apartment complex where you’re parking in a shared parking lot… you’ve likely experienced a ding or two from your neighbors on your car.
– Usually you don’t get a yard that is just for you (if you do, it’s usually very very small)

So what about renting a house in Fridley Houses Should You Start to Look At

In the end, I can’t say that local Fridley apartments are better than houses to rent or not.

It’s really down to your preference of what you want.

If you want more space and room to roam (without having to share walls with neighbors)… then renting a house will be the route you want to go.

If you’re looking for lots of options, a lower price, and extra amenities like a pool… take a look at the local apartments.

Or, a 3rd option for you is a local Fridley rent to own home program.

Not sure what a “rent to own” home is?

Check out this page on our website that walks you through what a rent to own home (lease option) home is.

If you’re interested in seeing the local Fridley rent to own homes that are available click the link below to get on the list and see available homes.

Or call us at [phone] anytime to ask us questions and see if our [market_city] Rent To Own Program is right for you!

See Available Rent To Own Homes >>

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