It is interesting to note for Canadian real estate investors that rent to own is also gaining much attention in other countries.
A recent New York Times article Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard highlighted some challenges faced when a company expands too fast or perhaps misunderstands how the model works.
That is why organizations like CAROP (Canadian Association of Rent to Own Professionals) look for its members to practice strong ethics and strive to create successful outcomes for their clients, their investors and their programs.
Read the full New York Times article https://www.nytimes.com/2023/08/01/business/divvy-homes-housing-rent.html
For more information on CAROP Membership please go here