Updated over 6 years ago on . Most recent reply

Would you rent a unit to a homeless organization?
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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- Rock Star Extraordinaire
- Northeast, TN
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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.
- JD Martin
- Podcast Guest on Show #243
