Housing Assistance Program and Pros/Cons of Low-income Renters

Housing Assistance Program and Pros/Cons of Low-income Renters

Member since 2018 · 2 posts · 1 vote

Hi,

I have been recently looking at some multi-family units and some of them come with HAP. I wonder whether you consider this as a pro or a con? Those units seem to be easily rented out and usually come with waitlist. However, I wonder whether there are any drawbacks, I.e., tenants are not treating the unit as good as those who are paying themselves?

Would like to hear your thoughts on this. Thanks.

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  • Investor · Chicago, IL · Member since 2009 · 1k+ posts · 1k+ votes
    7y

    I have some of these units.  I get superior rent and long term tenants.  I think it is true that the tenants have more wear and tear.  But tenant behavior has been positive.

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