Sandwich Leasing......
Hello,
I live in a very high rent district here in southern Calif., so I was thinking of doing some 'Sandwich Leasing'. Let me see if I've got this right.....I sign a rental agreement with a property management company, then I sublease to someone else for $300 or $400 more a month + deposit? Is this Legal? Even if Landlord stipulates a no, no on this, what are the ramification's if doing so Besides the obvious(eviction). Is this a common practice for building a cash flow?
Is their anyone with this kind of knowledge or experience out there? If so, would you mind walking me through this? Much appreciated!!! Riggs
You have to find out what the rules are for that apartment complex. Did you read the rental agreement carefully? It will usually have a section stating whether or not subletting is allowed.
As far as I know, subletting is not common pratice for cash flow. Rental properties are primary means of cash flow for most investors. I think you need to contact a RE attorney, if subletting is allowed, to ask about the laws associated with subleasing in your county.
Tanya[ Edited by tanya1215 on Date 03/02/2003 ]