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Updated about 2 months ago, 10/06/2024
New to Section 8
Hello BP Experts
I have never considered renting out to Section 8 Tenants but now am thinking to do so. Have few questions so pls help me understand it.
1. I have been always doing the paperwork for my tenants till now and never used a realtor. Do I need to use a Realtor for renting out to Section 8 tenants so I dont end up with any issues? Can I still use the same lease document which I used for my other tenants till now?(my lease I purchased from BP)
2. I have listed my property on Zillow with rent of $2700 but I see that for 4 bedroom houses the section 8 gets closer to $4k from the government. Who decides the rent?
3. How long does it take to get the tenant to move in once they decide that they like the house?
4. what all more is involved with Section 8 tenant than a normal tenant moving in from paperwork or procedure point of view?
Thanks for your help here. My property is in Denton County in Texas.