Divvy's Rent-to-Own Deals: Easy or Hard?
Divvy Homes, a rent-to-own company, has faced criticism from some customers who have experienced problems with the homes they rented. While Divvy's innovative model requires renters to save for a down payment, making it easier to secure a potential mortgage, it also results in higher monthly payments compared to other rent-to-own firms. Rapid inflation has made these payments a struggle for some customers, leading to an increase in eviction actions. Divvy has acknowledged the need to improve its response to repair requests and has implemented measures to address customer complaints. Despite the challenges, approximately 47% of Divvy's customers have successfully transitioned from renters to homeowners.