Renting to Felons Seattle WA

Felons account for roughly 8 percent of the American working class population, but finding gainful employment and a place to live can be a struggle for these people. An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction, but as with any invstment, this carries some risk.

Andrew Jon Schneidler
(206) 624-9400
1200 5th Ave Ste 1550
Seattle, WA
Specialties
Family, General Practice, Real Estate, Land Use & Zoning, Landlord & Tenant, Litigation
State Licensing
Washington

Lars Anderson
(206) 515-0640
800 5th Avenue, Suite 3850
Seattle, WA
Specialties
Business, Real Estate, Landlord & Tenant, Construction
Education
University of Oregon School of Law,California Polytechnic State University, San Luis Obispo
State Licensing
Washington

Kathleen O'Shea Senecal
(206) 389-3400
600 University Street, One Union Square Suite 1500
Seattle, WA
Specialties
Administrative Law, Landlord & Tenant
Education
University of Baltimore
State Licensing
Texas

Imanta F Holmquist
(206) 438-3851
1000 Second Ave, Suite 1770
Seattle, WA
Specialties
Corporate, Land Use & Zoning, Landlord & Tenant, Litigation, Real Estate
Education
Seattle University School of Law,University of Washington -Seattle
State Licensing
Washington

Roy Lee III
(206) 622-9900
1201 3rd Ave Ste 5400
Seattle, WA
Specialties
General Practice, Land Use & Zoning, Landlord & Tenant
State Licensing
Washington

Michael Joseph Sinsky
(206) 296-9015
516 3rd Ave Rm W400
Seattle, WA
Specialties
State, Local And Municipal Law, Tax, Environmental, Government, Land Use & Zoning, Landlord & Tenant
State Licensing
Washington

Stuart Alan Heller
(206) 623-0579
1325 4TH AVE
SEATTLE, WA
Specialties
Contracts, Real Estate, Landlord & Tenant, Corporate, General Practice, Licensing
Education
George Washington University National Law Center,Rensselaer Polytechnic Institute
State Licensing
Washington

Emily Cordo
810 3rd Ave Ste 500
Seattle, WA
Specialties
Health Care, Family, Landlord & Tenant
State Licensing
Washington

Merf Emerson Ehman
(206) 464-5936
101 Yesler Way Ste 300
Seattle, WA
Specialties
Social Security, Landlord & Tenant
State Licensing
Washington

Inge Andrea Fordham
(360) 756-9806
719 2nd Ave Ste 1200
Seattle, WA
Specialties
Insurance, Construction, Landlord & Tenant, Litigation
State Licensing
Washington

Renting to Felons: Risk vs. Reward

For many, the stain of a felony is hard to overcome, employment is not easily achieved, and even finding a place to live can be a struggle. Finding a place for former inmates to live presents a unique opportunity for those in ownership of low-income or group housing, or even a single-family unit, who could potentially cater to a niche, needy and often maligned market of renters.

As many as 12 million Americans have a felony conviction, and some 600,000 former convicts are released from prison each year, making up roughly 8 percent of the working class population, according to the Los Angeles Times. So where do all these people go?

With few places to go, some 10 percent of those recently released from jail will become homeless, according to HousingFinance.com.

An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction. However, doing so—like any investment—is not without its share of risk.

The Corporation for Supportive Housing recognizes that risk and is working to ensure former inmates and felons have a supportive housing environment that will keep them off the streets, according to Housing Finance. Without help, many former inmates relapse into bad behaviors, repeating the cycle many times over.

Another cause for concern is the increasing amount of mentally ill currently incarcerated and being released each year. Many of these inmates will fall in and out of homelessness upon being released, as their situation is far more delicate.

The Housing Authority of Utah County provides rent vouchers for up to 950 households, catering to those falling below the poverty line and the formerly homeless, according to DeseretNews.com, a state of Utah publication. The goal of the program is to help those in need, getting them back on their feet with a stable home and positive resources and influences.

Additionally, Utah’s Food and Care Coalition is planning to build 37 units of transitional housing, catering to those suffering from both addiction and mental-illness, according to Deseret News. Residents of transitional housing nationwide typically receive education and job training and placement, as well as substance abuse counseling.

With programs now addressing the needs of former inmates and those in need of a permanent home, interested investors could potentially have additional support upon opening their doors to thos...

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