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Updated about 9 years ago on . Most recent reply

User Stats

6
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0
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Taylor Baruffi
  • Credit Analyst/Real Estate Investor
  • Troy, NY
0
Votes |
6
Posts

DSS: Pros and Cons

Taylor Baruffi
  • Credit Analyst/Real Estate Investor
  • Troy, NY
Posted

Hello Bigger Pockets,

I've been getting a lot of inquiries for my rental units where the tenants are on DSS assistance and I was wondering if anyone had experience in that area. What are the requirements, headaches, benefits, etc. of DSS tenants? I spoke with my county DSS office and they said they pay a portion or all of the rent and it can be direct deposited. This seems like an easy and guaranteed payment on the first of the month which is a positive. Also, I would be helping people in a bad situation have stable housing which is a moral benefit, I just want to make sure I'm not falling into some big bureaucratic fiasco with nightmare tenants. 

Please let me know if you have experience in this area and what the pros/cons are from your perspective. I am in Upstate New York in case there are variances across state lines.

Thanks,

Taylor

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