Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

16
Posts
3
Votes
Tina Kapur
3
Votes |
16
Posts

CHA voucher and RTA form

Tina Kapur
Posted
Hello
I had never heard of CHA voucher in chicago and RTA forms. What are these? Do i need to be certified or do some official thing to take in a tenant like that? I wanted to avoid all that since that (i am assuming) will make things complicated for me not to mention the timely payment of rent.
i am in Chicago cook county and in loop.. Am I obliged to take in a person who offers to pay by CHA vouchers?

The tenant toured my place, said is employed (+i googled) , came across to me as very polished  and came to tour the unit with her mom. The young lady is moving out of living with her parents, so I assumed she could afford to pay via a paycheck but she sent a text saying she will forward RTA form and CHA voucher.  Should I consider taking in the tenant or pass?

Most Popular Reply

User Stats

4,073
Posts
2,480
Votes
Jonathan Klemm
  • Contractor
  • Chicago, IL
2,480
Votes |
4,073
Posts
Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

@Tina Kapur—First and foremost, you can NOT deny a tenant because of a voucher—that's a big no-no here in Chicago...now, of course, you can deny the tenant for other reasons like credit score, income, etc.

We usually do 2.5X income w/ a 600+ credit score in the nw side of the city.

Section 8 has its pros and cons like anything else...the check shows up EVERY FIRST of the month like clockwork, but additional paperwork and CHA inspections are required.

@Mark Ainley and @Brie Schmidt are more experienced than I am and may have other good thoughts on tenant screening.

business profile image
Quality Builders
5.0 stars
34 Reviews

Loading replies...