There are about 100 renters who’ve rented for a while. Let’s say we’re implementing the rent-credit program in the gray area of the SAFE Act.
How do you convert the long-term renters to owners? What kind of turnover should I expect?
My idea is to wait until their contract is up for renewal and then write in the rent-credit agreement while keeping the total price they pay the same. The disadvantage is I have to maintain the park-owned homes in the meantime and deal with the turnover.
What do you think of this approach/what has your experience been in this regard?