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Updated over 6 years ago on . Most recent reply
Section 8 and Minimum Income
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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- Property Manager
- Virginia Beach, VA
- 2,240
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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