We’ve finally found a Lonnie Dealer to operate in our park. He’ll be taking/rehabbing the least desirable homes in our community, while we continue to deal the better ones ourselves.
The Lonnie Dealer is reliable, checks out very well credit/criminal-wise, and has six other homes in other parks. We sign a lease with him for the lot rent, and he’s faithfully let us run credit/criminal checks on all his tenants - who also check out well.
My question is, do you think we need to sign a lease with his tenants? He prefers to collect the entire rent amount, and pay us on the 1st of every month (so far, he’s not missed an on-time payment).
So, do we upset his way of doing business, and insist on direct payment from his tenants (which will sometimes be late), or do we leave well enough alone?