Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 6 years ago on . Most recent reply

User Stats

35
Posts
6
Votes
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

User Stats

2,710
Posts
2,240
Votes
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

Loading replies...