Renting to section 8 reddit. Or check it out in the app stores .
Renting to section 8 reddit. , and that is the cause for concern.
Renting to section 8 reddit I do require they pass background, have good rental reference, and employment reference. Do your best to find an affordable property in a zip code they pay a higher rate on. Internet Culture (Viral) Amazing; Animals & Pets The biggest mistake is renting to section 8 tenants The thing I would never do again is rent to section 8 tenants. As long as you're properly vetting applicants, if someone with Section 8 assistance passes and agrees to pay the full amount of Assuming section 8 rules allow it. I have similar requirements where I landlord. I want to move her to a 1st floor home, so she has space, comfort, and NO You need to contact your local section 8 housing administrator for guidance on rent. I don't have to rent out to section 8 tenants. They follow the HOA rules to a T. Average 3 IANAL so take my advice with a grain of salt. Your best bet find someone that is Many landlords won't rent to Section 8 tenants because they say that Section 8 tenants trash houses and live like pigs. Recently, I spoke with a gentleman who owned several properties which qualified for Section 8 tenants. Finally, I'll say if you're open to Section 8, there's a federal program called HUD VASH which is section 8 for Veterans. My friend's property generates a really good cash flow, with each unit renting for well above market rates. House was 225k and rent for the house was 2k. If you have Section 8 and your voucher covers all or most of the rent, you would be exempt from the 40x rule because your voucher covers the asking price. Section 8 does not mean wretched people, it means people who need help to be able to afford to live in certain areas they couldn’t normally. Section 8 (housing) Section 8 of the Housing Act of 1937 (42 U. Section 8 is affordable housing for those who need assistance. I’d say go for it. As long as you can afford to pay that market rate rent you can continue to stay there. Yes, it’s tax payer funded but misconception around Section 8 is mind boggling. We screen heavily. Who pays utilities when renting out to section 8 tenants? I’m considering renting out to section 8 tenants for a number of reasons so I’m trying to be thorough and do my homework here. While this is a generalization during the initial due diligence the immigrants apartments were clean and well maintained. I would hope that section 8 would flag the house for regular rental inspection purposes so that your landlord can’t just try to get you out and move in a non section 8 tenant. When I tried to raise the rent on my Section 8 unit to bring it coser to the FMR, I was told that I can only enter a new contract with the tenant in July, and my tenant vacated before that, so I've never actually negotiated with Section 8. But it also has potential downsides, such as additional Can you list the top three advantages and disadvantages you've experienced with Section 8 rentals? How would you describe the workload associated with managing a Section Determine actual market rent for your property by using recently rented similar properties (not section 8 and not old rentals) in your area/neighborhood and compare to the Sec 8 rentals. I live in a suburb of PA and we just had people move into our apartment building last week. I told her "no way", because they would never approve the rent for the 3-bedroom she was renting. I honestly would rather do that than rent to a bunch of college kids whose parents co-sign the lease for them. There’s some qualifications to make a rental Section 8 eligible. I have process several section 8 people and none of them have ever qualified on their own. Share Add a Comment We support the protests due to Reddit Incorporated's poor management and decisions related to third party platforms and content management. It's just unfortunate. Hello, I'm about to port my section 8 I down to 2 area to go to both are taking port in's but one say they are billing and the other say they are absorbing, what does this mean for me the renter? Section 8 isn't inherently a bad thing. Your unit will get more wear and tear than a self pay tenant, and you may have to use their lease form. I have a couple of friends who have been Section 8 landlords but outside of Vegas. If the tenant has a standard w2 job, then section 8 may ask the tenant to pay a portion (like 30%) of the rent on their own. I live in a college town and real estate companies are buying up a lot of homes here, renovating the places and renting out rooms for about the same amount as my rent. Just make sure you are prepared, don't skimp out on your place and be a slum Lord. Section 8 on the grounds of rent arrears means the judge will have to issue the eviction and does not have much power to refuse what your landlord is asking as long as you’re still in debt. There are certainly benefits for sure but it’s not a home run for landlords by any means. Section 8 pays according to an algorithm (location and number of bedrooms). If the house is in poor repair it won’t pass those inspections and he’ll lose rental money. No particular area. It's been in the market for over 3 months now, 2 years ago it would've been snatched up in 2 weeks. Section 8 is locked right now and has tons of folks waiting to enroll. It’s stupid. I really admire investors who find a really unexpected place to invest and make it work. Just list the rental at whatever rate you want to receive and don't mention Section 8. J. If you have not already, check the website GoSection8 Though, I do think renting to section 8 is more trouble than it's worth. I haven't increase rent once since tenant moved in and the lease is over and we are now on a month to month since Section 8 is a program you must enroll in, you receive rent voucher. If you want to post a question, it is best to do so with an established account, or it will not show up. Or mandates that a rental meet section 8 Everybody's got their niche market. This is toothless. Section 8, for all that the term gets thrown around as a catch-all for rental assistance, is probably the least available and most restrictive option for many areas. The average rent for the area I'm looking at is $750 per month for a 2 bedroom. all questions regarding the services offered by Centrelink and is the largest active Australian Social Security Los Angeles County, California Section 8 tenant moved in 2 months ago with a signed contract. Also note that not everyone who could qualify for Section 8 gets Section 8. Section 8 is a housing program that a landlord agrees to enter into. I was exposed to both sides. Section 8? Not so much. C. Check the federal section 8 rules and not just your state rules. That being said, I do have about 50% section 8 tenants. Section 8 keeps rent affordable for you and the landlord gets a steady check for it. My in-laws have a Section 8 rental, and they like the reliability of payments. Archived post. Our rental houses are not approved by section-8. I’ve had to call the police 3 times this month. In California you're able to make renting decisions based upon the tenant's ability to pay the rent. There are pros (guaranteed rent checks, tenants who move less frequently) and cons (inspections, federal bureaucracy, potential for trashier tenants, harder to sue people who wreck your house). Hud pays about 1700 of the 2k per month. This subreddit has gone gark beginning June Now, the few section 8 tenant that I had is nothing special, they are not particularly better or worse You do still need to keep track of rent as section 8 a lot time don’t pay full rent, so the part from tenant still need to be tracked Inspection is okay, but paper works is SLOW, very slow indeed. The next city over has a sliding scale where Section 8 pays most but expects tenant to pay like 20%. § 1437f), often called Section 8, as repeatedly amended, authorizes the payment of rental housing assistance to private landlords on behalf of approximately 4. I have tenants on both Boston housing and Metro housing. I do tend to lower my I've been having trouble finding a tenant for a 3x2 single family home. The key is to properly screen out your tenants. That might be the most of any city in the country. S. Ideally staying in the neighborhood. Simply quietly decline to evaluate applications that need Section 8. We bought our first rental house with the idea of targeting section 8. People who hate Section 8 are not landlords, but maybe neighbors with prejudice. They are more work. My mom has had landlords (who trusted her) admit their hesitancy to rent to section 8 tenants because of stigma, even Honestly from a family memembers experience your taking the same gamble even if your renting to non-section 8 tenants. I'm not finding much information on how much I can expect to get monthly from the program. Hi I am looking to find low income housing in Los Angeles area. First, I will no longer have car expenses in three years. I want to do section 8 for all. I was of the opinion that section 8 housing was a crapshoot, akin to RGI(rent geared to income) housing in my home province of Ontario. github. The only time my rental has been trashed was a section 8 tenant. Your tenants are likely to come with all sorts of social baggage that makes renting to them miserable, but the government will (almost) always pay the rent on time. With Section 8, the rent will (usually) be steady, but the trade-off is that you run the risk of becoming a pseudo-social-worker. Section 8 vouchers are usually considerably higher than FMV to off-set the issues that come with renting to Section 8 tenants. However, a lot of condos and HOAs are going up because of the market and poorly planned HOA boards. Stay away from section 8 tenants who have zero “verifiable” income, yes section 8 will cover the entire rent portion for the tenant in these scenarios but these tenants don’t have money for even the simplest of things such as cleaning supplies. They said they can’t tell me until the lease is signed , and the house has been inspected . I don’t meet the 3x the amount of rent requirement or 650 credit scores. I had a weird situation where a current tenant got approved for S8, but only a 1-bedroom. Section 8 does mean guaranteed rent but i would also think about the instance of what happens if you and your partner break up. im looking to pick a city to start doing section 8 in. Please note that Reddit automoderates posts by new accounts. I’ve renewed my lease with them for about 10 years. You qualify them on all regular rental criteria and with the income, you qualify their portion of the rent on 2. Hi, I was told by a veteran investor that one of the reasons he never rents to section 8 tenants is because it will hurt his property value, since it View community ranking In the Top 1% of largest communities on Reddit. I'm looking for landlords or property management corporations that are familiar with renting to Section 8 voucher recipients. Is it an area where homes appreciate over time? This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. Section 8 won't ask for the tenant to pay part if they don't have a job. Has anyone used the HUD Section 8 system? I've heard horror stories including inspections and repair list that have changing goal posts and approved rent amounts that are way below Market. Or check it out in the app stores TOPICS. Mine were quick. Thats situation I am in and why I have tp live in car. Section 8 itself is a pain in the butt. And the house must pass section 8 inspection, which sometimes has some quirky little things, but really is just habitability. New Jersey law makes it illegal for a landlord to refuse to rent to a person who has a Section 8 voucher or another type of housing assistance. You just cant use the fact that a tenant's income is derived from a section 8 voucher whether whole or in part as basis for rejecting an applicant. I thought the whole point of section 8 was that the gov guarantees the rent money. See In the current rental housing market, where there are usually more people seeking rentals than places to rent, as long as you don't violate the fair housing rules and you select your tenants using legitimate criteria, no one can make you take a section 8 tenant rather than a non section 8 tenant with better credit or other legitimate factors. but after getting two apartments destroyed (copper pipes ripped out, holes punched in walls, toilet and tub smashed with a hammer, dirty needles and kitty litter dumped down waste lines, spray paint all over the inside of apartment I did the books for a lawyer that owned a lot of apartment complexes that were pretty bad. My family tried applying to be section 8 tenants (never got it each time) and we had a family friend who became a multi millionaire because of it. Central Place for people who have gone through public housing and the Section 8 Program (Housing Choice Voucher) in the United States Section 8 is much better funded than public housing, which is why so many public housing properties are being converted to project-based Section 8 through RAD. That’s all I do. Local section 8 administrators pay different rates based on zip code. The house was a wreck , he then took the house back but section 8 did a lousy job of fixing the house so he filed a lawsuit and it took a year to settle . Section 8 can be a great deal. This could be a small portion of the monthly rent, or it could be the entire monthly rent, or in between. A serious problem that nobody wants to acknowledge. Your unit won't be acceptable to Section 8 and you're unwilling to make the improvements necessary to make it qualify for Section 8. I would say HUD pays 90% to 100% of the rent for most of my section 8 tenants. I understand it's technically illegal to reject a Posted by u/Md43210 - 3 votes and 46 comments There isn't any rent control built into Section 8 itself. Owner moves due to crime/neighborhood concerns, tries to rent it out, resorts to section 8. They post their house as available to Section 8, and the county writes checks in to the landlord Anyone have experience renting to section 8? I really want to piss off my HOA and double my mortgage while I’m at it. , and that is the cause for concern. Section 8 is different in every state, but in most states section 8 pays 100% of the rent up the the maximum fair housing market value. On the other side, you may want to try to figure out why you're only getting interest from section 8 holders? The rental market is pretty competitive right now, I would wonder why you're not getting more market-rate applicants that might be faster or less risky to Don't know about your area, but my area has a shortage of Section 8 rentals. Landlord I am currently renting out a 1-bed/1-bath unit for $1,700/month to a Section 8 tenant. Here in CT. Not in our houses. The government pays and the rent checks are never late. You wouldn't qualify for section 8 here because those peeps have no money for things like festival tickets. They also say that section 8 tenants are generally grateful and keep the places in good condition. Wiki at: https://japanfinance. Or check it out in the app stores it’s within the rent limit, they seemed very respectful of housing vouchers, and I have a co-signer ready. Listed for $2,300 on zillow and craigslist but only getting unqualified applicants so far. How was everyones experience Renting to Section 8 tenants has a number of benefits, including guaranteed monthly rent payments from the government and a large pool of prospective tenants. Cite: N. In your case, a section 8 voucher counts as income. My current place was purchased from my previous landlord and now run by a property management company (this was 3 years ago and I still haven't met the owners let alone know California’s section 8 wait list is long in every part of the state. All the afffordable housing apts either lists are closed or full or years to get in. Rent went up from $750 to $1050 for one house and from $650 to $950 on the other. Section 8 does not allow drug/criminal activity in their housing and when the tenant is caught they are banned from the program. Apparently, Oakland's Section 8 program pays some of the highest rates to property owners as an incentive for them to participate. I don’t have any Section 8 now, but I will take it in some cities but not in others right next to it. Personally, I haven't had the opportunity to rent to a section 8 tenant but I do know the concern is not about rent getting paid. In over 30 years of landlording we have only had 1 eviction and they weren't section 8 renters. if your rental contribution is 20 dollars, then you have to make 3x 20 dollars a Does the rest of the math of the MCOL house add up? Would section 8 cover the expenses of the property? Expenses meaning mortgage, maintenance, insurance, property tax, etc. Generally, Section 8 requires the tenant to pay about 30% of their income towards rent with a max of 40% allowable so you can calculate an estimate if the section 8 documentation doesn’t IF you do Section 8 you need to know the full program terms and you need to understand that you are probably not allowed (check your local law) to discriminate based on the section 8 funding alone. Posted by u/absolutehelmet67 - 3 votes and 10 comments Half of the units were Section 8 and half were undocumented immigrants. My neighbors are nightmares in my apartments. It’s always either they hate it and won’t budge on that decision or they love section 8 tenants because of the guaranteed rent. He was doing very well financially and loved how he got an on-time rent check from the Government every month (some properties were only partially covered by Government subsidies and the tenant is responsible for making up the difference). Your dad likely also needs to separately apply to your local housing authority to be able to accept Section 8 vouchers. The part about you participating in section 8 is another story. That’s what’s gonna happen to me Monday and I’ve been on waitlists for years and years and years and when I got my voucher I moved into an apartment and was assaulted by the neighbor and gang stock by the property management and there rent a courtesy officer they knew things about me that I’ve never talked about and that they should I just read that California now requires landlords that accept Section 8 housing vouchers as income. Meaning you cannot disqualify a tenant because part of their income is from section 8, welfare whatever. It’s not that we don’t want to rent to Section 8 eligible, it’s the process that they put us through to just get the checks that limits the amount of units available. I have two Section 8 families, one for 5 years. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. I'm having issue renting out my 3bd 2bt suburban unit. Are you in Detroit? Probably don't want to be managing a rental long distance, especially Section 8. Edit: One of the big problems with Section 8, and really all affordable housing programs, is that some agencies do not properly manage their waiting lists. But the usual section 8 tenant is extremely unfair to the unprepared landlord who has to navigate new rules and gets hung out to dry. Section 8 tenants in those areas tend to be good tenants by all objective A landlord can elect to intentionally fail a section 8 inspection. New comments cannot be posted and votes cannot be cast. Why Section 8 specifically? Being able to rent to the open market will give you so many more options. Hopefully she comes across the latter soon. If you're asked about why you don't have Section 8. 5/3X or whatever your multiplier is. At this rate I would cash flow $300 at about a 12% cap rate. I'm renting a 2bedroom 1 bath in the city of Downey ca, im renting it for $1719 which is well below market value and is through section 8. Section 8 tenants do like section 8 tenants do. Getting your home approved for section 8 tenants is easy as making sure all the lights, fans, and appliances work, stuff you already do. “Under the NYCHRL, it is illegal in New York City for landlords or real estate brokers to refuse to rent or work with current or prospective tenants with public assistance vouchers or other They love Section 8, because payment is guaranteed. If you want to own and manage a rental property, and you believe these are good tenants, it seems like a reasonable plan. I'm a small time property manager who is looking to learn more about renting to people with vouchers (especially section 8). io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable If you have a tenant that is a pain in the butt and they want to stay after the end of the lease, you have to continue renting to them unless you don't plan on renting the unit anymore. This is in St. The intention of this sub is to be a welcoming and I grew up on section 8 myself, with other section 8 tenants. Philadelphia's local equivalent of Craigslist. It's simply a voucher program that allows the recipient flexibility to find a rental on their own, so something like a house or duplex/townhouse. I need a section 8 approved 2 bedroom close or around clermont county ohio Needing it by Jan 1 This subreddit is currently set to private as part of a joint protest to Reddit's recent API changes. For more (and One idea was to buy their home for what they owe, sign them up for section 8 housing, and rent it back to them. We do what we can to mitigate the risks. Plus, there are rental caps on section 8, so they can't raise the rents beyond that. Does anyone know the specific section 8 property requirements? I went to the local section 8 office , they wouldn’t tell me. Hi to all seasoned section 8 landlords. Some areas have favorable rents compared to others. If the ONLY inquiries you are receiving are Section 8 tenants, that means you are priced above what any person would willingly pay at fair market. They don't even own a car, so there are no car repairs. Source, been a property manager and worked with some section 8 tenants. Covid hit and I was lucky enough that none of my tenants missed payments and section 8 kept paying, fast forward to 2021 when rents started rising and section 8 wouldn't pay anymore without putting the cost on to my tenant. If more people would refuse to rent to section eight until this is law that would actually happen. [Click here](https Ideally, if you go Section 8, hope for one that is so poor that the government pays 100% of the rent, otherwise you will hear a lot of sob stories and write a lot of pay-or-quit notices. But instead of renting it out to a random family, I was thinking after she get the divorce, she will try to get section 8 while waiting for the kids to be a bit older so why not let her rent out our house. We have good communication when anything comes up. Does anyone buy cheap properties in bad areas to rent to Section 8? I had a wholesaler post a contract and reached out to them. This subreddit has gone gark beginning June 12th to protest Reddit killing 3rd party apps. I don’t have section 8. So a pretty healthy margin. Check HUD data to figure out how the Section 8 rent compares to fair market rent. If I took a DUI case, I would be way out of my element. The law says you cannot discriminate by where the income comes from. Section 8 people paid him $ 25,000 the lawyer took almost $ 13,000. Is the unit already rented out? GoSection8. My elderly mother currently lives in a 2nd-floor apartment and receives New York Section 8 Housing Choice Voucher for rental assistance. Section 8 here is your own a busted up shopping cart with 2 broken wheels and two garbage bags worth of stuff. Additionally, the 3x your rent, would apply to your contribution of the rent i. However, they have to fairly apply that standard. Or s single parent household coming from a shelter. The idea behind section 8 is that housing (including utilities) should be 30% of the family income. Depending on your finances Gov’t will cover all or most of your rent, you cover the rest. 10:5-12(g). Refusal to rent to Section 8 recipients and people with other types of income. Section 8 then asked to rent the house again . I don't know how that affects the property owner when they rent to section 8 tenants, but it could be a factor. Originally, mostly Section 8, he rented at one or two complexes by references fom his Tenants and they pretty quickly became over 70% hard working non Section 8's and the situation cleared up. It’s a loose loose situation. He is the tenant. If you want to take section 8, it's easy money because it's a guaranteed rent check each month. Rent amount landlords are asking is higher than the rental rate hud will allow or approve. Renting to your mother who is on Housing Voucher assistance. 00 + an early termination grant of $2,500. Make sure to follow fair housing laws and treat all tenants equally. The VA will pay for our homeless vets. Purchase price $44500 cash, 2 weeks ago signed a lease for $900 to a section 8 tenant. Reply reply Welcome to Reddit's Window Cleaning community! We have a variety of awesome members from all over the world, with a plethora of experience and knowledge of our industry. We used to accept section 8 rent subsidy years ago and for the most part had nice humble tenants for a while. Section 8 is refusing to pay the 2 first months of the agreement due to some problems with the tenant (allegededly the tenant didn't turn in the keys of her previous rental property). It's a good choice for less-expensive purchases, but as always, "location, location, location" -- invest in the best locations you can. Your Reddit account must be more than 1 day For context: I am thinking of renting one of my properties to my children’s disabled uncle (my ex’s brother and best friend). This subreddit has gone gark beginning June 12th to protest Reddit I have great section 8 tenants and some really bad ones. They decided that paying their garbage bill wasn’t worth it so they knocked a hole into the drywall and started dumping trash into the walls, including shit filled diapers. I have experience in renting to students and low income and I got out of that business a long time ago. Does anyone have experience renting to or finding good section 8 Tenants? Sure, just keep in mind their section 8 voucher is unlikely to cover your cost on a new purchase. This reddit fantasy where everyone who owns a small apartment building is a Scrooge McDuck megawealthy I'm interested in starting my Real Estate journey with Section 8. (lower crime rate, u can get a house below 100k, section 8 pays well and etc) Other places i considered: Columbus, Cincinnati, Indianapolis, Chicago, Milwaukee, Cleveland, St Louis, Atlanta. [Click here The housing authority should be required to pay for damages caused by section 8 tenants. People have the vouchers, but can’t use them. They can’t evict squatters that have moved in that aren’t on the lease because of COVID. If you're disinclined, know that many municipalities/states don't permit you to decline someone because you don't like their income source (as Also section 8 rental rates can drastically be different in the same city but different zip codes so make sure you get the section 8 rates for your whole county. So, yeah, there's definitely incentive for them to not trash the place. So then you lose good tenants that care about the property and pretty soon the entire complex is a place I am buying a 4plex in the IE and are worried about getting high quality tenants. So to do this though - you have to understand how Section 8 works. It has to be treated as income. The IRS is experiencing significant and extended Right. For example, a big no-no is renting to family or "side deals" between the landlord and tenant. If a tenant leaves the property, Section 8 will pay rent back to my friend until a new tenant moves in. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Each vet has a team of people, social workers, housing support, peer support, doctors, etc dedicated to keeping them housed so if you have a problem with the vet, you have multiple ppl Again, I screen them just like I would a normal tenant -- the only exception is I don't require the Section 8 tenant to earn 3 x Rent because Section 8 is covering the rent. But I have seen from social media sec 8 tenants can be destructive as well. Also, as the owner, I can chose which applicant I want to live in my rental property, do a background check, etc. So, if the property manager considers the voucher value to be income, then that value plus the rest of the income of the voucher Funded by the HUD and administered by local public housing agencies (PHAs), the Section 8 program provides rental assistance to low-income Americans. You cannot be forced to participate in a Discriminate against Section 8 tenants: It is illegal to discriminate against tenants based on their participation in the Section 8 program. I'm considering section 8 because I've heard their vouchers are now covering up to and beyond my asking price. The housing authority that issues your voucher will assist you in this process. But if that amount does not add up to your criteria of income, then you don't rent to them. But now, I'm getting applicants that act all excited, sign the application and then disappear. Your local housing authority may also be managing some local rent control, but that would be something specific to your locale. However, I was reading that you can’t rent out to family members that’s using the section 8 voucher to pay. [State] and [Type] of property tags are required in the title of posts. When section 8 takes over an area, the property surrounding it decreases in value. The money is guaranteed to come, but may not come on time, especially when a tenant first moves in. He spends hundreds of thousands fixing them up and adds a bedroom to get like 8k a month in rent and does a CIA like background check to find that perfect tenant who has a voucher and will treat his house like gold because it’s the best deal for a voucher family in the entire city. Sharing stories, advice, and the process to those who are seeking housing and relief from homelessness and seeking stability Get the Reddit app Scan this QR code to download the app now. From my own personal experience, many section 8 tenants are not the most stable people. We have 3 zips in our county here on east coast of Florida that section 8 pays 20% more than market rate but other zip codes in the same city pay less than market. View community ranking In the Top 5% of largest communities on Reddit. The general consensus is: Rent gets paid But they pay less rent, as they are generally a year behind market rate S8 is managed by local housing authorities that are sometimes frustrating things like making landlords repair tenant-caused cosmetic issues mid-lease For Section 8 the credit requirement is waived and they have to have 3x whatever the balance of the rent is after their housing voucher, so if the county pays $2500 and the rent is $3000, the applicant needs $1500/mo of provable income. Approval needs to be granted before you move in. 64 votes, 29 comments. Do apartments in general accepts part of Section 8 for rent, or do I have to look for a specific location/NYCHA building for landlord to accept Section 8? In a nutshell, I suspect we will continue to pay a big chunk of the rent, but if Section 8 can cover $300-$400, that's money we can save to have my mom here. A. com lists 320 current vacancies being advertised in Detroit. It will get you enrolled in the CES which is the Coordinated Entry System. Realistically section 8 houses must pass inspections. There is an individual who I know for a fact is not on the lease agreement (per my landlord) that is wearing an ankle monitor for a crime that involved reckless Thats not true! Section 8 closed currently in Sac. Drug use, fights in the home etc. I have seen things in section 8 properties that I dont wish to remember. Section 8 means the government direct deposits money into your bank account and is never late. But answer them as Central Place for people who have gone through public housing and the Section 8 Program (Housing Choice Voucher) in the United States- All 50 states and territories. I got a letter from section 8 saying that the rent vouchers for a house like mine is $2248. In some areas, getting Section 8 is like winning the lottery. Sometimes section 8 rents are higher than market value, sometimes they're lower. They don’t want to jeopardize their Section 8 status—so they don’t rock the boat. I am really trying to find housing and not end up homeless. Landlords are charging well above fair market rent amount. Grew up under section 8 housing and have had landlords lose months of rent due to not fixing roofing resulting in bad leaks, no fire alarms in the building (outside of apartment), broken locks on the front doors, etc. I'm very sorry that I'm 19 and am looking at buying a rental unit and renting to section 8 tenants. HUD has often paid 100% of the rent on my tenants. He's not your 'landlord' if he is renting the unit you are staying in with a Section 8 voucher. If the federal government is responsible for paying 70% of the rent (in Los Angeles Section 8 tenants can have 100% of the rent paid by the federal government) then their credit would have to be equally acceptable. e. This is supposedly due to the way that rent and property values are determined by the prices paid by the people living in the area. As a generalization I would state that low income and students are the two types of Tenant who are hardest on homes. I have section 8 tenants with little income. My Section 8 tenants are single moms and 1 elderly couple. Our program gives us a 1k bonus for putting a unit into section 8 for the first time and covers up to 2 months vacancy in between tenants. The former is an excellent communicator, while the latter I have had to escalate to a manager every time I've had to submit a rent increase (after 6 months of waiting). Reply reply Section 8 is incredibly reliable at paying on time. Needing a place to rent section 8 approved . All their non-sec 8 tenants were horrible with damages, 2yrs ago they rented to a family member with sec 8 no issues. Is the market right now in Los Angeles County over Do not use Section 8 income to qualify them. HUD will only require the tenant to pay a portion based on their income and then HUD pays the rest. Louis, in a bad area. Members Online. Section 8 is a trade off. Section 8 (federal program) is implemented on a local level with federal funds by local housing authorities (state or municipality, depending). San Diego has a 6-8 year wait. so it doesn’t matter if they rent a $700 house or a $1600 house. I have helped a few of my real estate clients with rentals and they needed to rent more quickly than the Section 8 process allowed for, so they rented to other applicants. If you're apartments won't pass section 8 inspection, that's really telling about the quality of your units. Section 8 typically reimburses based on bedroom counts and not square footage so you get greedy land Lords cutting up an 700 SF apartment into 3 bedrooms to get section 8 reimbursement that would be far higher than market rent (not section 8) for the same unit. A landlord can elect to set the rental standards high enough that guarantees most section 8 tenants will never meet them. Ugh. My ex has children with me and we never got married. Everyone is different and everyone’s experiences are different. The amount of hassle involved with renting to Section 8 tenants seems to greatly depend on where the houses are located. Typically when it comes to utilities who is going to be on the hook? Doesn’t the As this might be a good stable income , especially in times of down turn, I will always prefer a good "normal" tenant over section 8 tenant unless I am ready to accommodate the above. One of our Section 8 tenants has decorated the house even nicer than our own that we live in. This is a place for window cleaners and others to seek advice, engage in Section 8 rent increases are based on market rents, so 9 months into the lease, request a rent increase, and document what market rents are. Some places in Texas. Only have SSI and cant even afford normal rent with that!! I've often mentioned while driving past it and other similar homes that this was its likely fate. She still lives with her brother who has disabilities (also primary household) with our two children. (Or alternatively transfer the responsibility to the tenant as I told the rental assistance office no, I would not accept their contract but I would still rent to the tenant at market rent. Mortgage taxes insurance is about 1250/m. I know there are restrictions against section 8 and relatives but like anything else a good lawyer and a waiver can do wonders. Raise the rent without proper notice: Rent increases must be in accordance with the terms of the lease agreement and any applicable laws. Housing choice/ sec 8 is pointless. Everything about it was a headache. New comments cannot be posted. I'm having some difficulty finding people willing to rent to me with my voucher. The IRS is experiencing The thing is that it’s a different business model. I know other states have considered the same thing. They are on Section 8 voucher to afford the apartment. I’m an eviction attorney in Ohio. If a section 8 tenant damages a unit, they'll lose their section 8 voucher, if the landlord shows proof of damage. Landlords who rent to Section 8 tenants must pass inspections every one to two years and set rental prices in accordance with the Fair Market Rent (FMR) calculated by HUD. We called one of the complexes Little Michoachan. That is a standard they can apply for everyone. Section 8 is really complicated, I'm not knocking you. Or check it out in the app stores I found out you can apply to any section 8! If you want to apply to another state bc yours is closed (like mine) or are needing to move to that area, you can! I recently received a “tentative approval” for a project-based rental in My first ever rental was section 8 and it was great when I was young and I felt it was less risk. 🤞🏼I was just reading some reasons why landlords don’t accept S8 After about 3 years the house was empty , so he went inside to check it out . Do I need to modify my lease for section 8? I really appreciate the help. No state Ive heard of so far mandates that a landlord participate in the section 8 program. true. If you are a good person, this eats at you because you know they are struggling -- but you have to get paid or the business doesn't work. We did, however, Basically, if you include requirements in your application (beyond income requirements) that increase the likelihood of a good tenant (criminal record, renters insurance, etc), I think you Renting to section 8 will be a turnoff to those people that pay their rent themselves. But, if you have a little extra energy and funds it’s totally worth it! What could be better than helping a family find a secure and stable living situation? Some training is involved, like pay the rent on Had a non section 8 rental of my house in Vegas many years ago a single mom and two kids. This applies to tenants who obtain Section 8 while already tenants in a house or apartment, and The section 8 tenant decided to invite all their friends and family over to do free laundry. The Section 8 tenant pays the difference to you like a normal rental relationship. My family only buys 3 bed 2 baths and has a dozen rentals in the bay area. They trashed the place over 10k in damage and they left without paying last months rent and a lot of trash (food, clothes) thrown everywhere. Go over to r/Landlord and ask about Section 8 tenants. The advantages to section 8 depend on your market and the marketability of the rental. Get the Reddit app Scan this QR code to download the app now. 8 million low-income households, as Most of my tenants use Section 8 so I set my rent at the Section 8 limits. There are exceptions, but most residents are careful and kind. My preference for section 8 tenants are the ones classified as “working poor”. Section 8 tenants are a severely underserved group. And this person, your so-called 'landlord' has an actual landlord, or property owner, for whom he is renting from, with - apparently, and under, apparently - a section 8 voucher. Tenant agrees and moves out on 5/31/22, only 1 month, Section 8 pays for 1 month of rent $1,700. That’s why I want to confirm Section 8 programs vary wildly, even within the same city. And we refuse to allow section-8 to inspect our property, making it so our properties are not eligible to be rented by section-8 NAL, property manager. I just put 2 Section 8 tenants into houses that the inspector said weren't ready but didn't fail them because they need housing. I'm not saying to discriminate between section-8 and nonsection-8. Where I live, discrimination against section 8 tenants is 100% legal. You really need to have a rental business that is setup to work with section 8. For personal reasons, I choose to start this journey with Section 8. We are all on the HAP program (not exactly section 8 but we still follow the rules of section 8) and nobody respects their apartment or their neighbors. ADMIN MOD [Landlord - NYC] - Question Regarding Rent Increase for Section 8 Tenant . There is a gentleman who blogs about building his investments around section 8 tenants who live in houses that rent for >$5k Yeah, but the income will obviously not pass. I am Section 8 has a rent limit; especially in "hot markets", many landlords consider these to be low Potential delays in payments. Felon living in Section 8 rental . As the complex was improved and the Section 8 by and large were replaced with better residents the immigrants mostly stayed. I don't entirely hate the program like some other landlords. For us, our tenants with Section 8 have been excellent. (for my market). We only have 1 and 2 bedroom apts with section 8 so not too many people inside. I’m going to be renting out my home , based on the interest it will likely be to a section 8 tenant . What you need to do is call 211. Locked post. My limited understanding is that it's definitely a good way to go because the tenants need to be screened and qualify from their end of the program, and the rent they pay is government subsidized. Public housing is reduced rent all depending on AMI. All of them feels saturated. She says her secret is renting to Cambodian families here in Central Cal. . It’s not fair to the unusual section 8 tenant that makes things work and is respectful and all that. So far i stopped on Louisville KY. It is a long process to get the house inspected initially and annual inspections but it is solid income you can rely on even if the tenant fails to pay. In California, section 8 rental rates are below market, they require extra scrutiny from inspectors, and many landlords feel like the type of people who receive section 8 assistance won’t take care of the property as well or will cause problems. You will have to answer a lot of questions. The tenant wasn't able to take the rental due to the section 8 program restricting her to only rent places that were so far under market, which basically pushed her into renting in a higher-crime area. Understand and accept that this demographic has a much higher rate of social, familial, and psychological problems. You still dont have to accept Section 8. Is it possible for me to rent to them? They are on section 8. Hi all, I am in contract to purchase a multi family properly in Brooklyn NY where I currently rent the bottom 2 floors and there is a Section 8 tenant occupying the top 2 floors. and International, Federal, State, or local. Deposit was returned. Often once you lose the subsidy and are paying the full rate you can find nicer non-section 8 apartment for roughly the same price but that depends on your particular city and rental market. It’s a big headache, with a long list of to dos rarely ever worth the check. He will take into consideration things like disrepair outstanding which may delay things and maybe have your case adjourned whilst it’s investigated but Listen to the bigger pockets podcast with the guy who buys section 8 houses in DC. I realize the most significant risk is that tenants can be bad, yearly inspections, and a cap on how much you can charge for rent. A landlord can set the rent higher than what section 8 will pay for There are people who claim Section 8 are the best Tenants because "Government always pays". And it took me 4 years to get the rent increased to what it should be. If you must answer tell them your unit hasn't been approved for Section 8. dyfwveythapyzugnwxoyhugugjictentrqrmkxrdnrjzjtx