Are you willing to help the homeless?
Patrick ChilesPro Member
Member since 2019 · 4 posts · 35 votesAre you willing to help the homeless?
Most Popular Reply
Investor · Richmond, VA · Member since 2016 · 1k+ posts · 2k+ votes
5yI actually participated in this program with 10 houses last year, and yes-- I always got rent during COVID, got double security deposit, and we had 1 success story (maybe 2). They sell you rainbows, yes-- feel good, warm and fuzzies, helping the community, guaranteeing rent, getting people back on their feet...
After participating myself, let me tell you with 100% certainty there is NO CHANCE IN H*** I WOULD EVER DO IT AGAIN! ZERO. NADA. Don't' call it a charity-- call it what it is … "Free Rent Ride for 1 year"-- and btw the tenants and the program get PISSED at you for not renewing , and the charity withhold the last month rent.
If a person doesn't actively have skin in the game, there is ZERO respect for your house. Also, it's not them you're helping, it's them-- and likely their BF, and sister, and her 5 kids are also moving in. I had beautiful renovations TRASHED within 1 year, when I say trashed-- I mean TRASHED, had to repaint/refloor after 1 year-- damage so bad, gosh I don't even know how it happens. Absolutely disgusting! It's not worth it, the amount of damage done to a house! I would NEVER recommend the program to any new landlord. I'm so glad to wash my hands with the program, seriously, it's NOT a warm and fuzzy story. I had pest control on 3 houses, only when they move out-- tenants never let them in, so it was a crazy mice infestation and another was a really bad roach problem! It's absolutely disgusting.
Also-- if you have to do an eviction (I had to with 3) the charity walks away, no help whatsoever. It's a crock of ___.
84 Replies
- Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes4y
I understand the points both of you make. This situation in CA is so out of control. It took me 2 years fighting with the County over impact fees on ADUs that were illegal. They wanted $10,000, plus made me add additional leach field for a conversion from gameroom/shop that already had a full bathroom and kitchen to 1 bedroom ADU. It's frustrating. One of the things that could help alleviate some of the problems for single people, seniors, etc. are ADUs and they make it so difficult.
Don't get me wrong, I know there's a huge number of drug addicted people and lazy bums that are homeless. There's jobs in every business in Redding. I also know that SOME of the homeless have mental health problems they can't get help for and self medicate, for them we need solutions.
Then, there's people that don't want to do anything for the homeless, but complain they are defecating everywhere when there's no facilities for them to use restrooms, and for good reason, they use them for doing drugs, having sex, and trash them. It's a mess, and I have no answers.
The ones I'm talking about finding solutions for are people that have good paying jobs, but became homeless due to fires and inability to find housing. The seniors that lost their manufactured homes in fires though they can purchase a replacement property, their income doesn't qualify for the park rent, and they won't allow them to pay years in advance. I've seen these cases recently.
Now add to all this craziness the price of fuel here. As a Realtor I see everyday people selling homes and leaving this state. At the same time we have a huge influx of bay area buyers and people even from out of the country that are settling here due to the natural beauty of our area.
I have no answers and doubt these nuts we have running the circus in CA will bring relief, they only know how to increase government, raise fees, think of new fees, make excuses and tell us how wonderful they are.
- Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes4y
Regarding shared living for seniors, many seniors can't afford the expensive retirement homes, but can afford more than low end room in a house shared with someone else. I've thought before about finding a design for a shared living house, that could be rented by the room (1 person), have common area space, and kitchen available for all to use. Maybe put a few on a parcel. Anyone have anything like that?
- Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes4y
@Jay Hinrichs where do you see affordable housing, where there are jobs, and families could relocate to? Also, what states are the rust belt?
- 4yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Karen Margrave:
@Jay Hinrichs where do you see affordable housing, where there are jobs, and families could relocate to?
1. Indianpolis Median price sfr 150 to 170k rents 600 to 1200
2. Cleveland about the same
3. Baltimore 150 to 200k buy you a very nice home
4. Jackson MS 150 to 200k is a very nice area and newer home.. can buy at around 100k as well older refurbished.
5. Birmingham AL 120 to 180k nice home
6. Ocala FL new construction 200k to 240k
7. OKC has newer construction in the 150 to 225k range.
8. Columbus Dayton same as above.
9. Toledo OH very affordable I have funded many homes here at 20 to 30k that need maybe 10 to 20k to be livable.
10. Most anywhere in Rural PA and Very RURAl NY WV
and all of those cities will have sub 100k housing as well most of it in rental dominated areas. but its available.
Lake co ca is affordable for CA standards and city of clearlake has lot of lots and lots of MHs
just from the top of my head .
- 4yWale LawalBusiness MemberReal Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
Originally posted by @Patrick Chiles:
There is a program under HUD (Emergency Solutions Grant Program) that provides money and incentives to property owners to rent their properties to people who are currently experiencing homelessness. And within this program is the Rapid Re-Housing program that can pay a lease up to 12 months in advance, pay double the security deposit, and pay the landlord a signing bonus of up to 3 times the monthly rent. The program is managed differently in every state and I would encourage owners and property managers to check it out. Seek out departments and non-profits that work with the homeless in your community and ask about the Rapid Re-Housing program. The recently approved CARES Act allocated a lot of money to this program and organizations are having a hard time spending it all.
Great information. I will definitely look into this.
This will also benefit my clients.
Thank you for sharing.
NETWORTH BUILDERS5236 Reviews - Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes4y
Originally posted by @Patrick Chiles:
There is a program under HUD (Emergency Solutions Grant Program) that provides money and incentives to property owners to rent their properties to people who are currently experiencing homelessness. And within this program is the Rapid Re-Housing program that can pay a lease up to 12 months in advance, pay double the security deposit, and pay the landlord a signing bonus of up to 3 times the monthly rent. The program is managed differently in every state and I would encourage owners and property managers to check it out. Seek out departments and non-profits that work with the homeless in your community and ask about the Rapid Re-Housing program. The recently approved CARES Act allocated a lot of money to this program and organizations are having a hard time spending it all.
Would you accept a bad tenant if the government paid for their rent.....not saying the homeless make bad tenants, I just don't think this changes the rules of real estate investing. I think we need to help the homeless become financially free through owning real estate. Here in Columbus we have a large homeless population.
- Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes4y
Thanks Patrick. I am going to look into this.
- Rental Property Investor · San Jose, CA · Member since 2015 · 401 posts · 221 votes4y
Quote from @Linda S.:
I actually participated in this program with 10 houses last year, and yes-- I always got rent during COVID, got double security deposit, and we had 1 success story (maybe 2). They sell you rainbows, yes-- feel good, warm and fuzzies, helping the community, guaranteeing rent, getting people back on their feet...
After participating myself, let me tell you with 100% certainty there is NO CHANCE IN H*** I WOULD EVER DO IT AGAIN! ZERO. NADA. Don't' call it a charity-- call it what it is … "Free Rent Ride for 1 year"-- and btw the tenants and the program get PISSED at you for not renewing , and the charity withhold the last month rent.
If a person doesn't actively have skin in the game, there is ZERO respect for your house. Also, it's not them you're helping, it's them-- and likely their BF, and sister, and her 5 kids are also moving in. I had beautiful renovations TRASHED within 1 year, when I say trashed-- I mean TRASHED, had to repaint/refloor after 1 year-- damage so bad, gosh I don't even know how it happens. Absolutely disgusting! It's not worth it, the amount of damage done to a house! I would NEVER recommend the program to any new landlord. I'm so glad to wash my hands with the program, seriously, it's NOT a warm and fuzzy story. I had pest control on 3 houses, only when they move out-- tenants never let them in, so it was a crazy mice infestation and another was a really bad roach problem! It's absolutely disgusting.
Also-- if you have to do an eviction (I had to with 3) the charity walks away, no help whatsoever. It's a crock of ___.
You were lucky that the charity walked away when you did an eviction. Some would send a lawyer to help the tenant fight & delay the eviction.
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