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Updated almost 17 years ago, 03/06/2008

User Stats

33
Posts
0
Votes
Richard Bader
  • Investor
  • Hendersonville, TN
0
Votes |
33
Posts

Section 8

Richard Bader
  • Investor
  • Hendersonville, TN
Posted

I bought a house that needed allot of work done on it. While I was working on the house a lady approached me and said she lived next door with her grandmother and her 2 daughters and she is pregnant. She asked me if I was going to rent the place and I told her I was after I was done with the repairs. I am now about a week out from finishing the home and she came over again. She wanted an application to fill out, so I gave her one. I told here I still had a week or two before I am going to advertise it for rent. She now tells me that she has been approved for a section 8 voucher and that she will no this week for the amount. She wants to know if I will accept it. I told her I wanted $600.00 a month and s $600.00 security deposit and no pets allowed, and she said that was fine. The home next door looks well kept and clean. I have no knowledge of section 8 vouchers and I wanted to get some input from landlords that do. I know the home will have to pass an inspection and that’s fine, I have replaced about everything. I haven’t run a credit check or background check yet but I plan too.
Should I stay clear of section 8 vouchers?
If I accept it this time and the lady moves can I stop accepting section 8?
If she damages my house, what options do I have?
If she has pets after signing a lease saying no pets, can I do anything?
Thanks for any advice.
Richard

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