Fraud Unit: Sell to rent businessesPosted: Updated:
The Better Business Bureau is giving warnings about business that buy your home to rent it back to you.
- If you're going to sell your house with the intent to rent it out again make sure you're familiar with the company offering to buy and rent you the house. Research the company. A good way to do that is to visit http://www.tucson.bbb.org, or call us at (520)888-5353.
- Speak with a lawyer so you can understand your rights after you sell your home. We've seen many consumers sell their homes with the intention to rent it, only to have the house sold or rented out from under them.
- Make sure whichever company you're dealing with has the proper licensing, is registered with the appropriate agencies, and has a real physical location.