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New to Property Investing - Sec 8 Questions
Hello everyone, I’m new to this forum and new to property investing. I’m currently a few days from closing on my first multi family house. I just found out that I’m inheriting a month-to-month section 8 tenant. I’m hoping to use this forum to answer some of my questions.
1. I read that the current owner has to update contact information/payment information with HAP, but does anyone know how long this takes? And what actions do I need to take with PHA?
2. Should I screen/run a background check on inherited tenant? Usually applicants will pay the fee for a background check, but in this occasion should I waive the fee for the inherited tenant?