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HAP - the perfect recession-proof income?

  • 15-03-2020 6:43pm
    #1
    sk8board
    Registered Users, Registered Users 2 Posts: 3,542 ✭✭✭


    Full time LL here.
    As so many people are now measuring the potential effects on their income over the coming months, I’ve realised that the only rental I consider to be a risk is the one that is a family with traditional income jobs.
    All other rentals are in some form of government rental assistance programme (Fas, HAP, permanent disability).

    I’ve been surmising if HAP the ultimate hedge against income drops in a recession ... it’ll arrive every month, as long as the tenant pays their quite small contributions. I have excellent tenants and excellent relationships with them, yet at the moment I’m feeling far more secure in the HAP ones.

    (I don’t mean rental price drops btw, when the gov may drop their contributions in line with market falls, that’s just the ebb and flow of the market).


Comments

  • #2
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    sk8board wrote: »
    as long as the tenant pays their quite small contributions
    It comes down to this. If you want guaranteed rent, look at the 10/20 year lettings.


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