A.D. CANTELMO REALTY/TONY CANTELMO
TONY CANTELMO, BROKER
DRE# 01339902

Unmatched Customer Service

Clients deal only with the Broker
Broker Tony Cantelmo handles all properties personally. When you have questions, Tony will Give you answers

No Long Term Contracts
Clients are never asked to sign long term contracts. Cancel anytime with 30 day notice

No Surprise Fee's
Our Management fee is very competitive. There are no surprise Add-On fees to pad the bottom line

Open 7 day a week
Contact Tony 7 days a week. If you have hours that do not coincide with normal business hours, no problem

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Fee's, Accounting & Bookkeeping

Landlord Monthly Management Cost
The cost of Management per month is 6% of monthly rent

Tenant Move in Cost
To acquire a new Tenant and move them into a Property, the cost is 1/2 of one months rent.

Owner Distribution
We distribute owner funds quickly, using Direct Deposit. Once we transfer the money, the funds will be available in 2 to 3 business days

Monthly and Year End Reports
We email monthly accounting reports and year end Income/Expense and Schedule E Assist Reports. 1099's are mailed in a timely fashion.

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OWNERS NAME Required
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E-MAIL ADDRESS
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HOW DID YOU HEAR ABOUT US
 
 


Tenant/Property Service

 
Marketing Property
We Market your Property on all the Major Real Estate Websites, Including, Zillow, Trulia, Realtor.com and The Multiple Listing Service (MLS).

Showing Your Property
We make sure your Property is shown to all Interested, qualified Parties. We never allow Unchaperoned showings

Screening Tenants
We have a detailed Tenant screening process. We run Credit, Criminal and Eviction checks. We check rental history and use our more than 10 years of Management experience to place the best Tenant possible in your Property.

Maintaining Your Property
Maintaining your Property is very important for Long Term Profitability. Our Broker, Tony Cantelmo is also a State Licensed General Contractor. (CSLB# 709714). He understands your home and has knowledgeable Vendors who he has done business with for years.






A.D.
Cantelmo Property Management
Our Business is Property Management in Orange County California

Is “Rent to Own” a good option?

We hear the term “Rent to Own” and it may sound good, but which party has the advantage when entering into a “Rent to Own” contract. The answer, just like so many other questions regarding Real Estate is, “It Depends”.  People may think about a rent to own situation for different reasons, a Tenant who loves the property they are renting may not be able to afford it now, but hope that in a few years they can, so they may want to enter into a rent to own situation and have some of the rent they pay every month go towards the down payment after the renting period is over. A Landlord may want to enter into a rent to own contract if the Real Estate market is soft and they can get a better price in a rent to own situation, or they may not be ready to sell now, but a three year period may be perfect for them.

How Does Rent to Own work?


Just like any business deal, parties can work out any type of deal they both feel comfortable with, and both parties individually should have a Real Estate attorney draw up the contract. But here is how a typical “Rent to Own” scenario works:

If you have a home worth $500,000.00 and a renter who can’t afford to buy the home now, but want to have the option of buying the home in 3 years at the current price. Then you can negotiate a “Rent to Own” contract. The Renter would pay an agreed upon option fee, in this case we will set the fee at $10,000 (The fee is usually a percentage of the selling price) and then you would set the rent for the next three years. In a “Rent to Own” situation, the rent would usually be a little higher than a normal rent for that property, because some of the rent will go to "Rent Credits" and if the sale goes through 3 years later, the rent credits will go towards the down payment along with the option fee.

So in this case, the home is negotiated for a price of $500,000.00 in three years and the rent will be $2200 per month with $200.00 per month going towards a rent credit and an option fee of $10,000 up front.
If in three years the renter decides to go along with the sale, they will pay $500,000.00 for the home and get all the rent credit for three years which adds up to $7200.00 and the option fee of $10,000, put towards a down payment for the home which adds up to $17,200.00.

The question is who get the better deal, the Seller, or Buyer?

Let’s look at some pros and cons’ for both.

For the seller, a pro, would be that they are getting rent for three years and they have a buyer for the home after three years. The con would be that the home may be worth more in three years then the negotiated price and if someone comes along and wants to pay a higher price, they can’t sell it to them.

Another con for the seller is that after three years the renter may decide not to buy the property and the seller now has to find another buyer. The pro is that the seller can keep the option fee and the rent credits if the renter backs out of the deal.

For the renter, a pro is that they have negotiated a set price and if the home values go up, they already have earned equity in the home, but a con is if prices go down then they may be underwater and have trouble getting loan to buy the home.

In a “Rent to Own: situation, even though you are still a renter, repairs are usually the renter’s responsibility, so if you decide not to buy the home, you have paid for repairs for the owner.

A Pro is that you are gradually every month with the rent credits building up a down payment and also building your credit score,  but the con is that if you decide not to buy the home, you lose the rent credits that you paid every month and also the option you paid at the start of the contract.

When a renter enters into a “Rent to own Contract” They hope that at the end of the contract they may be able to buy the home, but if they still don’t have the credit, or they lose their job and can’t buy the home, they will lose the rent credits and the option fee.

If the seller stops paying the mortgage, the home could be foreclosed and the renter forced to move out.

As you can see, there are Pros and Cons on both sides, and the important thing is that a very strong contract is drawn up at the start of the “Rent to Own” process so that both parties are comfortable at the end of the contract period.









A.D. Cantelmo Property

Management Specializes in Property Management in Orange County Ca.

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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