Prospective Tenant asking about SOTA voucher
My rental property is in NJ and in the rental market. A prospective tenant reached out asking if I take the SOTA voucher to pay the rent for the entire year and pay any other fees upfront. Doing a quick google search, I found out that it seems to be a form of an assisted living program.
My questions are:
1) Have you had a tenant that used this program to pay the rent?
2) Is it one check that you get before the tenant moves in for the entire year's rent?
3) Did you have any landlord/tenant problems?
4) Did you add the security deposit in the year rental cost?