The multifamily industry is there already. Credit and criminal background checks required, along with proof of income (3x rent required). If you don’t pass, you don’t get to move in. Section 8 people tend to have bad credit already, so if they trash a place and get evicted, they have nothing to lose. Making money as a slumlord is not for the faint-hearted.
“Credit and criminal background checks required, along with proof of income (3x rent required). If you don’t pass, you don’t get to move in.”
When I use to rent I had to come up with ‘first month, last month, and a very big security/cleaning deposit.’
Is that still required? Is it legal in Ca.?
No more than 2 time the rent permitted in my state.
of course that is to seal the deal, then the first months is required for the key.