Updated over 4 years ago on . Most recent reply
Hud Tenant Experiences
Hello, new investor here in West Virginia. I have been reading, listening, and running numbers for a few months now. I am ready and eager to close on my first property, and I do believe one has caught my eye. But one of the tenants is a HUD tenant that has been there for quite some time, and would like to stay. Has anyone had experience with HUD tenants? Good or bad?
Most Popular Reply
@Jaime Bisbey
Very good sign.
Only challenge you may find is if the previous owner didn’t request the annual incremental rent rate increases. If you’re a couple years behind on those, it may take some time to get back to market rent.
Good luck!