Subsidized rentals in Louisiana

[Chris Gould]

I have a house under contract in New Orleans, Louisiana that is subsidized through the Unity program. They pay $750 of the $1150 monthly rent. This is a program to assist disabled persons. I am wholesaling this property. 

What has everyone's experience been working with subsidized homes for the disabled? I spoke to the coordinator and it seems like a good program for buy and hold investors. 

Thanks,

Chris

[Stephen Leonard]

@ Chris Unity programs aren't  that bad. I have a number of them currently in my portfolio and also manage for a number of clients property with Unity tenants.   The big issue is more the utilities.  Most cases require  the landlord to pay all utilities  which as you likely know we can't control how much a tenant  uses.  Send me that address  as rented  properties I'm more interested in. But look at all possible deals.

Thanks

Stephen