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Updated almost 2 years ago,
Section 8 question
I have a property that I am listing for $2195 / month. Its a 3 bedroom and the city's Section 8 guide states the "payment standard" for a 3 bedroom is $2839. With a difference of over $500, its possibly worth considering opening to Section 8 applicants.
https://www.chandleraz.gov/res...
Question 1: Is the payment standard the whole rent (tenant payment + city payment) or is it just the city's portion?
Question 2: Can I raise the rent to this amount and then open it up to section 8 applicants or is there some kind of rule that won't let me max it out? Why would someone not want to max it out?
I've historically never considered this or even looked into S8. I've heard landlord complaints about problems dealing with the government and also the general tenant quality.