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Updated over 5 years ago on . Most recent reply

User Stats

52
Posts
18
Votes
Ken Chud
  • Investor
  • Reisterstown, MD
18
Votes |
52
Posts

Working with Section 8 Applicants That Do Not Have RTA on Hand

Ken Chud
  • Investor
  • Reisterstown, MD
Posted

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

User Stats

52
Posts
18
Votes
Ken Chud
  • Investor
  • Reisterstown, MD
18
Votes |
52
Posts
Ken Chud
  • Investor
  • Reisterstown, MD
Replied
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?

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