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Updated over 9 years ago on . Most recent reply

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27
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6
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Hannah Williams
  • Investor
  • Detroit, MI
6
Votes |
27
Posts

Have you ever rented to a person involved in a Family Independence Agency run by the state?

Hannah Williams
  • Investor
  • Detroit, MI
Posted

In Michigan, we have a Family Dependence Agency which helps people in distress find suitable homes and jobs. They pay for the security deposit and first month's rent. Thereafter, the tenant must pay rent on their own. 

I have concerns about working with one of these types of organizations because I'm not sure what the likelihood of paying rent will be once the renter is on their own. 

Have you ever rented to someone involved in one of these types of programs? Did it result in a good tenant? 

Any and all advice would be greatly appreciated!

Most Popular Reply

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133
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72
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Karen Bickford
  • Investor
  • Bolton, MA
72
Votes |
133
Posts
Karen Bickford
  • Investor
  • Bolton, MA
Replied

@Hannah Williams  I did something similar with another govt agency that helps a certain protected class get on their feet.  They paid the security and tenent paid partial 1 months rent. That was all that was paid. 

Said tenant was in my unit for 6 months before I was able to get him out. It cost me close to 10k in legal fees and cash for keys. Tenant was also professional and I was too stupid/tired to see through it

I wouldn't recommend this type of arrangement if you are in a decent rental market. No good deed goes unpunished .

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