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Updated about 2 years ago on . Most recent reply
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Any risks if I rent out my house for transitional housing needs
Hello,
I recently purchased a new built home in Glendale, AZ as an investment property. Currently looking for tenant. I got few requests to rent but they want to run transitional home business. I never rented my houses to for this purpose. They are ready to pay above listed price and saying they can take care of maintenance issues. I am concerned to rent due to nature of business and worried they might damage the property and also might get complaints from neighbors etc.
Any guidance on renting to transitional housing purpose? What should I look for? Or should I avoid this and rent out to families?
Really appreciate your guidance.
Thanks
Mart
Most Popular Reply
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Neighbors are definitely a consideration. Lots of neighborhood associations and HOA's outlaw these, so make sure you research what the bylaws are before you do anything. I don't know what type of transitional housing we are talking about here, but be aware of violent offenders and/or sex offenders and what the risks are having them live in your property.