You might not get the 30% payment from the tenant...
I have a CityFheps tenant and for the most part CityFheps has been paying the rent direct deposit. Public Assistance pays a portion of the rent too and they are stuck in the past. They mail me 2 checks each month and none of the checks are received before the 5th of each month. The tenant stop paying her portion of the rent almost immediately after moving in. There really isn’t anything a landlord can do to get the rent from the tenant. It is impossible to evict someone in NYC, and especially someone with a voucher who will get free legal representation. The tenant now owes me more than $4000. It is important to understand tenants that have a voucher obviously have bad financial management skills and most a lack of moral ethics. If you rent to a CityFheps tenant you might not get the 30% payment from the tenant. I wouldn’t be okay with the government paying my rent if I am an able body person. Moving forward I am going to avoid the vouchers as a landlord. If CityFheps pays the full monthly rent then I would reconsider. Awesome downloadable PDF thanks!