Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 19 years ago,

User Stats

37
Posts
1
Votes
Tony B
  • Residential Real Estate Broker
  • Los Gatos, CA
1
Votes |
37
Posts

Corp halfway house tenant - Good Or Bad?

Tony B
  • Residential Real Estate Broker
  • Los Gatos, CA
Posted

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!

Loading replies...