For those of you using rent / credit programs, will you continue to offer those if Dodd Frank is undone? Will you go back to owner financing? What other ways does this positively, or negatively affect you as a Park owner?
@jhutson… I have 2 POHs that I want to sell. I am thinking about not even waiting for Dodd Frank to be scrapped, and just go straight ahead and offer owner financing now. What is the worse that can happen?
We will probably stick with rent/credit even if the SAFE Act is rescinded. It is a great resident retention tool (same reason Southwest Airlines uses it) and it ends having to foreclose on homes, which became lengthy and costly as a result of the 2007 mortgage crash.