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Updated almost 19 years ago on . Most recent reply

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!

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