Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
California Real Estate Q&A Discussion Forum
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 over 6 years ago on . Most recent reply

User Stats

50
Posts
4
Votes
Roy Lam
  • Investor
  • Monterey Park, CA
4
Votes |
50
Posts

Housing Authority Offered Less Than What I Asked For

Roy Lam
  • Investor
  • Monterey Park, CA
Posted

Last month I had a one bedroom apartment vacated, so we started getting it ready to rent it out as soon as possible.  We found out there is a HIP program which seems to be very good, with bonus such as signup bonus, holding fees, etc.  So I spoke to a representative, she told me all these good things, so we started to giving out applications to people with section vouchers.  Some of them came with organization who helps them to find homes.  Three weeks passed, we chose one lady to be our future tenants, she is also in the HIP program with section 8 voucher.  She turned in the paper works, then two weeks later after two failed inspections.  I received an e-mail from the housing adviser offering $1325.00 instead of $1500.00 that I was asking .  I thought that is kind of low blow,  offering less after waiting all this time.  If I was told from the beginning that the rent I am asking would not be the rent I will receive, then I wouldn't even consider it. They got the nerve to call it Homeless Incentive Program. 

My question is , should I take their offer or just rent it out to regular people,  The rent in the area is around $1450.00 

Loading replies...