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Updated over 1 year ago on . Most recent reply

User Stats

80
Posts
11
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Joe Capobianco
  • Old Bridge, NJ
11
Votes |
80
Posts

section 8 applicant

Joe Capobianco
  • Old Bridge, NJ
Posted

anybody in the NJ area have experience with section 8 tenants? 

  I received a section 8 application for my rental that is willing to pay the total rent im asking. My realtor is listing the property for me so I don't know the details about how much income they produce outside of the section 8 rent and what their credit score is. 

 How does receiving the rent work and in NJ am i receiving 100% of the rent from the state or does the tenant cover as portion?

  • Joe Capobianco
  • Most Popular Reply

    User Stats

    6,413
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    Bob Stevens
    • Real Estate Consultant
    • Cleveland
    3,687
    Votes |
    6,413
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    Bob Stevens
    • Real Estate Consultant
    • Cleveland
    Replied
    Quote from @Joe Capobianco:

    “Keep in mind that Section 8 administers its own screening. Once the screening process is complete, they will give you the approved rent amount before scheduling an initial inspection. During this time, they will either recommend a different rent amount or provide details regarding any tenant portion due.”


    thank you, even though this isn’t NJ you answered my question based on your experience. Unlike the dense human above you

    Joe you are 100% misguided.  Sec 8 does not screen for you; they screen for the person based on their financials to see if they qualify for a voucher NOTHING to do with what you are looking for. I turn down applicates daily. They can have zero income, felony backgrounds etc. and have a sec 8 voucher, do you want a that kind of tenant?   Joe, I have about 300 sec 8 tenants currently and have done 1ks of move in and outs.  I PM more then 600 doors, I am not speculating. I am an expert on all govt programs, Dence, hmm, go it alone, let us all know how it turns out. 

    Good luck 

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