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Rent-to-own homes: A win-win for landlords, a risk for struggling tenants

Alex Szkaradek is a landlord who seems to have the best of both worlds.

Mr. Szkaradek, 36, collects rent, but he never has to pay for repairs on any of the more than 5,500 homes — many of them rundown — that his firm manages across the country.

The firm, Vision Property Management, blurs the line between what it means to be a renter and a homeowner. These companies do not offer regular leases or mortgages — they offer “rent to own” contracts on homes that require tenants to make all repairs, no matter how big or small…Please click here to read Alexandra Stevenson and Matther Goldstein’s story in the New York Times.

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