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Updated over 5 years ago on . Most recent reply

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45
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5
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Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
5
Votes |
45
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How to find section 8 tenants for Newark nj

Kenneth Moerschel
  • Rental Property Investor
  • Brooklyn, NY
Posted

How do I know if there are enough section and tenants with vouchers in need before I build a 3 family for rental. How do i basically test the rental market that is not saturated.

I am thinking calling a few agents but in this locations might be word of mouth. What steps works here and how do you get good section 8 tenants?

Most Popular Reply

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1,052
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804
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James Mc Ree
  • Rental Property Investor
  • Malvern, PA
804
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1,052
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James Mc Ree
  • Rental Property Investor
  • Malvern, PA
Replied

There is always someone looking for a place to live.  I recommend you don't limit yourself to Section 8 as a good tenant is a good tenant, regardless of any assistance they get.  It will likely be hard for a Section 8 tenant to afford a new build, but not impossible.  Check the Section 8 rents for your town to be sure they pay what you are thinking of charging if you are intent on going with Section 8.

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