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Updated over 6 years ago on . Most recent reply

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Beau Fannon
  • Real Estate Agent
  • Austin, TX
259
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Would you rent a unit to a homeless organization?

Beau Fannon
  • Real Estate Agent
  • Austin, TX
Posted

Would you rent a unit to a homeless organization?  What are your fears about doing so?  Are there any advantages?  I found myself pondering these questions after reading the following article:

https://www.austinmonitor.com/stories/2019/03/real-estate-group-hears-tough-talk-from-homeless-advocates/

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

Just one of my houses? No way. The article talks about buildings that aren't going to be used, so let the advocacy center use them in the meantime. I can see pros and cons to it. From a building owner point of view, I wouldn't do it unless there were financial advantages, because I can envision a whole list of cons:

  • court injunctions preventing you from emptying the building to do something with it
  • lawsuits by the advocacy and others because of [insert issue here]
  • insurance considerations
  • general lack of oversight and lawlessness
  • ETC

If I owned a building, the only way I would do this is if the building was junk anyway, some third party was leasing it from me, and I was legally absolved of any responsibility whatsoever in the operation. Personally, I think it sounds too complicated. 

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Skyline Properties

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