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Updated 2 months ago on . Most recent reply
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Do I accept a Housing Voucher?
I am trying to find a tenant and one came to me with a housing voucher. She is trying to sign for a year where she pays 1/3rd of the rent and (the gov?) pays the other 2/3rds? Risks and rewards to this type of tenant?
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Quote from @Matthew Mclean:
I am trying to find a tenant and one came to me with a housing voucher. She is trying to sign for a year where she pays 1/3rd of the rent and (the gov?) pays the other 2/3rds? Risks and rewards to this type of tenant?
I've managed and had SECT 8 vouchers for several years. They are normally my quietest tenants. Housing does annual checks and the units are usually kept well. The program pays 70% and the tenant pays 30% here. It's all income driven. If they don't pay or violate the lease in any way, they can lose their vouchers. Most of those residents guard their vouchers like gold.
I've had a couple of bad actors, but all in all I've had good experiences and continue to provide this type of housing.