CMHA “Payment Standard”

[Karl Kauper]

What does the CMHA “payment standard” mean? It’s significantly higher than my highest current rent (2-bd/1-bth, Euclid, OH).  Does it mean that I could expect higher rents through CMHA tenants? In short, I’ve never rented to CMHA tenants, and I’m trying to understand the pros/cons. It sounds like it could result in some additional headaches and even lost rent during the inspection process, so it probably wouldn’t make sense for me unless there is an upside in terms of higher rent. I know that the rent is guaranteed, but that isn’t enough for me probably since I haven’t had very many issues with nonpayment of rent. Thank you for any insight! - Karl