Section 8?

[Jason Stone]

I have gotten 3 calls on an apartment I posted via Postlets asking if I take Section 8. The unit rents for $925. Should I look into Section 8? Is it a good program or am i opening Pandora's box? Is it relatively easy to get into? If so, where do I begin?

[Tyrus Shivers]

@Jason Stone

You can contact your local housing authority or whomever administers your Section 8 Program for instructions. Here in Maryland it starts with a Section 8 applicant calling the landlord. If the applicant like the property and the application submission goes well, no eviction, criminal history, etc., then you will fill out what is called a RFTA (in Maryland). This then goes to the county office and the process to establish your accounts is underway. Next the inspection is scheduled and occurs. If you pass then congratulations you are on the way to having your first Section 8 tenant. They will determine the Fair Market Rent for your area based on HUD guidelines and other criteria.

The program varies and the tenants vary. Proper screening will reduce the headaches and some offices are more painful to deal with than others.