You cannot just charge whatever you want. They aren’t morons. Often times the government offers below market rate in exchange for the guarantee you will be paid, regardless of what your tenant is doing.
Well I can tell you with 100% certainty that the hud recipients have raised the rent at my apartment. Not that I blame them.
I collected the rent from folks for a few years and it was when the first person with hud showed up that the landlord raised the rent by 25% because that’s what hud was willing to pay.
You cannot just charge whatever you want. They aren’t morons. Often times the government offers below market rate in exchange for the guarantee you will be paid, regardless of what your tenant is doing.
Well I can tell you with 100% certainty that the hud recipients have raised the rent at my apartment. Not that I blame them.
I collected the rent from folks for a few years and it was when the first person with hud showed up that the landlord raised the rent by 25% because that’s what hud was willing to pay.