Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

82
Posts
49
Votes
James Conaway
  • Phoenix, AZ
49
Votes |
82
Posts

Section 8 renter approval criteria

James Conaway
  • Phoenix, AZ
Posted

I have to existing rentals that are luxury condos and have a system to get renters approved. I now have a low income 4plex that I would like to rent to section 8. Do the same approval policies and procedures apply to section 8 renters?

- I think I am going to get renters that have a problem with English, so should I expect them to be able to fill out a English application.

- Should I expect them to pay with a check or be willing to accept cash each month?

- I use an online credit/eviction/criminal background check service, should I expect them to be able to fill out and pay via the online service?

I use the following criteria: 

  • Applicants minimum requirements Policy:
  • Applicant’s gross monthly income must equal approximately three times or more the monthly rent.
  • Applicants must be employed and be able to furnish acceptable proof of the required income.
  • Applicants must have a credit score at or above 600.
  • Applicants must have good references concerning rental payment, housekeeping, and property maintenance from all previous Landlords.
  • Applicants do not have a history containing evictions.
  • Applicants do not have a history with felony convictions.

Loading replies...