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General Landlording & Rental Properties

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Joel W.
  • Investor
  • Eastlake, OH
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174
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Would you discount rent for the less fortunate?

Joel W.
  • Investor
  • Eastlake, OH
Posted Oct 22 2015, 14:15

Hello All, Just sat in on a presentation given by a lady that runs a non profit that sets up homeless veterans with a myriad of resources to help get them off the street. One thing that struck me was the request for "landlords to lower their rent" and "give them a shot". She explained this as, the homeless veteran pool does not commonly meet most landlord's tenant standards (credit, income of 3x rent, and no felonies), and here in Seattle the rent is so high that the HUD VASH (section 8 for veterans vouchers) does not come close to the cost to rent. What is your take?

As an Acitve Duty Sailor and businessman, I cringed as I couldn't help but think I would love to help. But at what risk can I help a veteran when I have to pay my own bills.

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