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Updated almost 6 years ago,

User Stats

3,926
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
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3,926
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Section 8 income requirements

Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Posted

I have a new rental that will be in service in a couple weeks, and ready for renters. I am going to try my hand at accepting section 8 tenants, which will be a new experience for me. In my other rentals, my income requirement has always been 3x rent.

In Pinellas county, the section 8 tenant pays 30% of their income toward their housing, regardless of the rental, and the housing authority pays the remainder.

My question is, how would you suggest I modify my income requirement fo this scenario? I would, of course, not alter my credit or background requirements, but the income portion has me tripped up a bit.

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