Section 8 - Newark NJ Experience (How did you make it work)

[Lafontant Cherilus]

This question is for individuals who have successfully found and managed section 8 properties in Newark NJ area.

1. What led to you deciding to offer section 8?

2. Given all of the negative comments about section 8 tenants - what things have you done to keep your property well maintained and avoid some of the "numerous" negative tales we hear about section 8 tenants?

3. Fair market rates for a 1BR, 2BR and 3BR in Newark NJ area? 

[Ankit Duggal]

1. A guaranteed income stream relative to local income of tenants being very low to meet the rent to income multiplier without section 8

2. My firm keeps a proactive communication and approach with the tenants. We have property management inhouse so we a field rep go to each asset atleast twice a month to proactively fix any impending issues or repairs. 

3. Depends on which part of Newark but here is the general range:

1 Bd- $500 to $650

2 Bd- $800 to $1,000

3 Bd- $1,200 to $1,400