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 Landlording & Rental Properties
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 3 months ago on . Most recent reply

User Stats

85
Posts
37
Votes
Stefano Grottoli
  • Investor
  • West Orange, NJ
37
Votes |
85
Posts

Cleveland Section 8 payments vs Available properties

Stefano Grottoli
  • Investor
  • West Orange, NJ
Posted

Hi!

I'm looking to start investing in Cleveland, and was looking at some 3 bedroom properties. The section 8 voucher pays $1,550 per month to 3 bedroom properties according to the Cuyahoga Metropolitan Housing Authority. However, when you look at the Affordable Housing website, only 4 out of 32 available properties that accepts voucher are listed by $1,550 or more.

Is that maybe a red flag that there's no demand for Section 8 in Cleveland? Why would any landlord list their properties for LESS than what the government is willing to pay? I'm just trying to understand the market in the area a little bit better. This will be my first rental property and I want to do the right thing. 

Thanks!

Most Popular Reply

User Stats

28,202
Posts
19,230
Votes
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,230
Votes |
28,202
Posts
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Stefano Grottoli:
Quote from @James Wise:
Quote from @Stefano Grottoli:

Hi!

I'm looking to start investing in Cleveland, and was looking at some 3 bedroom properties. The section 8 voucher pays $1,550 per month to 3 bedroom properties according to the Cuyahoga Metropolitan Housing Authority. However, when you look at the Affordable Housing website, only 4 out of 32 available properties that accepts voucher are listed by $1,550 or more.

Is that maybe a red flag that there's no demand for Section 8 in Cleveland? Why would any landlord list their properties for LESS than what the government is willing to pay? I'm just trying to understand the market in the area a little bit better. This will be my first rental property and I want to do the right thing. 

Thanks!

Section 8 demand in Cleveland is through the roof, but unfortunately they don't actually pay that amount.


 Really? Because I sent them an e-mail and they sent me the link in the original post (https://www.cmha.net/housing/landlords/rent.php) that shows that amount. As I'm new to Section 8, just trying to understand how it actually works, versus what we see on social media :)


 Lesson #1 - Nothing the government does makes sense and none of the employees have any idea what they are doing.

Loading replies...