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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.

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