Section 8 tenant screening

[Robert Stamper]

Hi,

My wife and I have a 5 bedroom BRRRRR house that we want to put in the section 8 program. We plan to rehab the property to a high standard. There are two things I want to achieve with Section 8 housing:

1) recession proofing our portfolio. In a recession the govt continues to pay and if my tenant loses their job, the govt pays more

2) minimize vacancies. Like the landlord in show 356, I think our niche will be 4+ bedroom houses that are nice. I hope this creates sticky tenants

On to the questions:

1) when screening for section 8 tenants, what is more important? Income/rent or credit score

2) is it possible to get credit scores over 600 or 650 from section 8 tenants?

3) what are your minimum standards on income/rent and credit score?

4) do prior evictions and bankruptcies matter?

Thanks in advance

Robby and Sarah

[Dassi Lazar]

@Robert Stamper

All my rentals are rented to section 8 or some kind of government assistance. The most important thing for me is their track record. Have the been to rent court? What do their previous landlord say about them?