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Updated almost 19 years ago on . Most recent reply
Corp halfway house tenant - Good Or Bad?
Hi everyone! I have a vacancy and was just approached by a company that places tenants coming out of drug rehab. They said the types of people are DUI, drug rehab, family abuse, etc. and they stay for a short period. Felony background checks are performed on all prospective tenants by the company. This is an important factor since I would be doing a long term lease with a corporation I wouldn't get to say who is actually staying in the house. It seems like it would become a half-way house really.
About my property: It is a seven year old duplex with 3bed 2baths about 1400 sq ft each. I have a section 8 tenant in one unit and the other is vacant. They would have upto FIVE people living in the unit at one time! Seems like a lot and brings up wear and tear concerns.
My questions are:
Has anyone had experience with this type of arrangement?
How can I investigate more about this type of rental arrangement?
Get referrences like people who have been prior tenants and other current landlords?
Should I be asking anything specific?
Care to start a Pros and cons debate? :)
Thanks for reading!