Pros & cons of A Standard tenant vs HUD participant
HUD Participant
Standard Tenant
- Typical lease 2-4yrs
- 0-60% rental deposit liability from tenant* subject to HUD determination
- Must give 30 day notice to vacate and must be signed off on by property
management to vacate
- Can submit rental increase annually
- Low volume maintenance calls
- If tenant loses income city can reevaluate tenants rental portion
- No credit check
- Criminal background check / felonies /eviction & sexual crime
- City inspection
- Typical lease 1yr
- 100% rental deposit liability from tenant
- Short or no notice to vacate and skips exiting month
- Higher volume maintenance calls
- If tenant loses income possibility of non-payment
- Credit check
- Criminal background check / felonies/eviction &
sexual crimes​
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Kyna Widermyer
Buy Sell Invest
Ph: 469 382 8026
Social Media: #kwyouragent
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Joani Jackson
Real Estate Agent
Ph: 469 290 4442