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Renting vs. Selling on Contract
I'm seeing some softening of the contract sales market selling mobile homes in my mobile home community. The town the mobile home community is in has a LARGE percent of tenants vs. home owners (60/40), so I'm wondering if I'm trying to force the issue by selling on contract when the tenants really just want the freedom to rent?
Currently, I have 7 mobile homes sitting vacant, so the idea of getting rent sounds great. However, the idea of maintenance calls, risk of damage to the property, etc. doesn't excite me. Any thoughts or ideas to make either model work the best (selling on contract or renting)?