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Updated over 6 years ago on . Most recent reply

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35
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6
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Jorge R.
  • Specialist
  • Davidson, NC
6
Votes |
35
Posts

Section 8 and Minimum Income

Jorge R.
  • Specialist
  • Davidson, NC
Posted

In renting to Section 8 tenants, what should be considered as it relates to minimum income vs. monthly rent? 

What else should I be asking in the application process for S8 applicants?

Most Popular Reply

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2,710
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2,240
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Patti Robertson
  • Property Manager
  • Virginia Beach, VA
2,240
Votes |
2,710
Posts
Patti Robertson
  • Property Manager
  • Virginia Beach, VA
Replied

I do care about income, and require my SEC 8 applicants to have some.  If they don't have income, they will not get approved for the highest possible rent for the bedroom size.  I want to see at least one times the rent amount in income, or at least close to it.  So many times SEC 8 tenants are "between jobs" when they apply.  I won't accept them.  They have to be earning income that is reported to SEC 8 at the time they apply so their income can be calculated in the affordability test.

  • Patti Robertson
  • 7574722547

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