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Updated about 6 years ago,

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 

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