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Updated about 5 years ago on . Most recent reply
Working with Section 8 Applicants That Do Not Have RTA on Hand
Hi folks.
I am a Baltimore County, MD Landlord that specializes in Section 8 rentals, and facing a problem with filling a vacancy since November 2018 and now is Jan 6 2019. My Gosection8 posting generates good response, but none of the callers actually have RTA on hand. That means none of them can be considered as a serious customer, and my house stays on the market as vacant. This could be a seasonal variable where very few families move in winter, but I have never had vacancy this time of year and can't tell.
Are there are any strategies to deal with this situation?
I thought about asking for proof of current Lease Amount and Tenant Portion to predetermine if their voucher will pay, Holding Deposit to hold the house in their name. I am not sure if this is a good way to hold on to prospective tenant, or if this is illegal. Seeking fellow landlord advise on what to do.
Most Popular Reply
Originally posted by @Thomas S.:
Do you not bother to advertise to non government applicants. Seems as though you are creating the vacancy by eliminating a large portion of potential applicants. Why restrict yourself to only renting to the government.
I do it in purpose and that is my business model. In our area, it is difficult to find well qualified market tenant that can pay 1500+ rent reliably and be stable for a few years. Those that are already homeowners. Capische?