Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

75
Posts
41
Votes
Wendy Lavana
  • Rental Property Investor
  • Miami/Jacksonville Fl
41
Votes |
75
Posts

Any advice on renting to the Chronically Homeless

Wendy Lavana
  • Rental Property Investor
  • Miami/Jacksonville Fl
Posted

Our city has a new program that is assisting 22 people individuals. They will pay first, last and security plus monthly rent and the tenants utilities. I have been having trouble renting out the units. They like our units, however, I'm worried about having individuals with mental behavioral problems and possible drug addictions. The program is aimed at helping the Chronically homeless by providing them a place to live. Basically the city wants them off the street. I'm worried this would cause the neighborhood to spiral downward. Any advice? 

Most Popular Reply

User Stats

28,193
Posts
19,220
Votes
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,220
Votes |
28,193
Posts
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Guranteed rent is nice but looks like a lot of headaches I wouldn't want in my buildings.

I would pass then lower rents on my empty units to get them filled.

Loading replies...