Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

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 about 5 years ago on . Most recent reply

User Stats

32
Posts
3
Votes
Alfred Harris
  • Property Manager
  • Suwanee, GA
3
Votes |
32
Posts

How does tenant Based Section 8 work for apartment owners?

Alfred Harris
  • Property Manager
  • Suwanee, GA
Posted

I'm thinking of purchasing a low income apartment community. I know it has a number of tenants on section 8 also. I also know the process to obtain and loss the voucher. What I don't know is how the pay out from government works. Is it percentage based? Is it a cap on how much they give? I mean wouldn't a landlord want section 8 tenant every unit, knowing he will get a check on the 1st from the government. Does anyone about property based section 8?

Most Popular Reply

User Stats

57
Posts
44
Votes
Brittany R.
  • Investor
  • New York
44
Votes |
57
Posts
Brittany R.
  • Investor
  • New York
Replied

I have two Section 8 tenants, it seems like it is percentage based...on what their income is in comparison to the rent. I've seen it fluctuate. No worries though, I always get an email at least two weeks prior if Section 8 decides to change the amount of rent that they will pay out, so I'll know ahead of time what they're paying and what my tenant will pay.

Personally, I like the program and I plan on getting my new rental property surveyed in order to be able to accept Section 8 tenants. My Section paycheck comes right on time every month.

From what I can tell that some ppl don't like the program bc they might have had a bad tenant. 

In my opinion pretty much anyone can turn out to be a bad tenant. 

I still screen my Section 8 tenants....the only difference is that I might accept a lower credit score and lower salary. 

Oh and something else that I do, I request to visit them in their current apartment or home, so I can see how clean they are. Shout out to BP for that one! By doing this I can see how my house might look in a few months if I decided to rent to them.

Loading replies...