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Updated almost 7 years ago on . Most recent reply

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Joseph Watson
  • Albany, GA
2
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Anyone specializing in lease or rent to own? Or that a dead end n

Joseph Watson
  • Albany, GA
Posted

Tried to search but not coming up with much on the exact topic I'm looking for. I have been thinking over lease to own and rent to own property. I wanna buy properties well under market and rent to own to people who have had credit issues or maybe other issues. Obviously picking who to sell to would be key. Anyone with alot of experience on the subject? How does it hold up as far as legality and also is there a decent market for it out there or more trouble than worth. Thanks in advance my awesome BP friends!

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548
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
270
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548
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied

We manage over 300 units that are "rent to own". About half are ours and we would never buy a single family house and not place it into this program.  We believe our returns are better than straight renting, otherwise we wouldn't do it this way. One agent and one office staff member both part time can handle this many doors easily. We have about one manager and maintenance guy per 100 doors that are "straight" rented. This is just one benefit. If it's multifamily, we rent. If it's single family, we don't rent.

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