The Battle of Bad Reputations:

“Sleazy Rent-to-Own Companies” versus

“Lazy, Self-Serving Realtors®” 

AlleWest’s core business objective in its “Rent to Own” program is to ensure each and every one of our clients will secure a mortgage and realize the American Dream of home ownership. AlleWest was founded to help families who needed a chance and a plan to help them succeed, and our teams continue to actively seek out other real estate professionals who share a similar vision for their clients. 

Our team has encountered its fair share of scumbags in this industry, and we're sure you have as well. When the real estate market was “hot” you could swing a dead cat and hit a real estate agent, a mortgage broker or real estate investor more interested in personal financial gain than their clients’ needs. 

AlleWest and Professional Realtors®: The Current Market Situation

We have found the cooler real estate market has definitely “thinned the herd.” Those of us who are still standing have always stayed on top of our markets’ trends, understood our clients’ needs and put them first, and knew that our ongoing professional success was directly proportionate to the time we invested.  

AlleWest firmly believes the successful real estate investors and professional realtors® still working today accept and understand the shifting market, continually adapt their sales and marketing methods, and forge relationships that may have made for strange bedfellows in that past.  

From what we have seen across the country and speaking with other realtors®, the market remains flooded with houses for sale, at a time when financial institutions have replaced generous lending practices with stricter mortgage guidelines. Realtors® note there are currently many more sellers than qualified buyers in our area. 

Due to the high foreclosure rates, many families are opting for rent to own properties. Headquartered in the western suburbs of Chicago, AlleWest's Plainfield office specifically noted an increased demand for quality rental properties, an observation echoed by members of our national sales team over the past fourteen months.  

As a result, AlleWest’s inventory of available properties fluctuates dramatically week by week, leading us to send more of our buyers to leading area realtors®. Due to their need for non-traditional financing, AlleWest’s buyers are more willing to pay higher-than-average monthly rental fees to your clients, as well as top-dollar final sales prices. 

AlleWest’s Tenant Buyers Are Pre-Screened and Focused

on Purchasing a Home

Before AlleWest presents one of our potential “tenant buyers” to you and your clients, they have already met with one of our dedicated mortgage companies. These groups have already run our tenant buyers’ credit history, reviewed their credit report and credit score, determined when they will qualify for a mortgage, how much they can afford as a monthly rent, and have prepared a formal credit maintenance and repair plan to keep our tenant buyers on track to reach their ultimate goal of securing a mortgage and home ownership.   

AlleWest will never waste your or your clients’ time: We will not send you casual shoppers. If AlleWest sends potential tenant buyers to you, they are already aware they can afford the property on a month-to-month basis as well as the ballpark sales price.  

AlleWest’s  “Rent to Own” Program Will Benefit Your Sellers 

By far one of the best ways for your clients in today’s real estate market to secure their property’s full asking price is by working with a dedicated realtor® who is familiar and confident with AlleWest’s rent to own program.  

As you know, foreclosure filings are up double-percentage points from the same months last year, and experts predict foreclosure activity to remain above last year’s levels for the rest of this year. Consequently, AlleWest is helping secure top-dollar final sales prices for sellers and investors who had unsuccessfully tried to move their properties in the past, either as “for sale by owner” or through other realtors®.  

How can AlleWest’s rent to own program benefit you and your clients? 

• AlleWest maintains a fast-growing roster of qualified tenant buyers who are actively looking at our properties and those of other realtors®. Their ability to move quickly could potentially shorten listing periods on your available properties, thus avoiding price reductions or expired listings.
  

• AlleWest’s buyers are exactly that: Buyers. Unlike month-to-month renters, you can assure your clients that our clients will take great care and pride in their home, as one day AlleWest’s clients will own it themselves. 
  

• AlleWest’s business practices are above board, ethical and beyond reproach, with iron-clad contracts to protect all parties involved: AlleWest works exclusively with brokers and realtors® who are active members of the National Association of Realtors and act in strict accordance with NAR’s Code of Ethics and Standards of Practice. 

Once paperwork is finalized and a realtor® places an AlleWest “tenant buyer” in their seller’s property, your broker is paid a security deposit equivalent to one month’s rent on that property. Some of our realtors® also opt to place their sales commission on the end of the property’s final sale.  

• Your clients’ properties will be featured on AlleWest’s national website and actively marketed to our vast database of buyers, renters and investors – groups that comprise more than 95% of the people who buy real estate.
  

• AlleWest does not demand exclusive relationships with our realtors®: We welcome the opportunity to present your clients with rent-to-own buyers while they remain under contract with you. AlleWest is dedicated to working with you to present your clients with the sale scenarios that best meet their individual needs and financial objectives. 

AlleWest and Professional Realtors®: A Winning Combination

Since you have read this far, we know you already appreciate the innumerable benefits AlleWest and professional realtors® can share, as our objectives are the same: To provide the best solution for our clients, no matter which side of the table we find ourselves on. The relationships AlleWest currently enjoys with our growing family of realtors® and brokers have proven to be mutually beneficial in an increasingly and unnecessarily adversarial marketplace.  

Bottom Line: AlleWest has taken extreme measures to create the safest venue in today’s real estate market for your clients to sell their property through our “Rent to Own” program.  

When you’re ready to further explore this unique real estate relationship, AlleWest is ready to work with you.