Updated almost 6 years ago on . Most recent reply
Section 8 Tenant vs Section 8 Property
Hi, I am looking at 2 properties in the same area, both are 3 bed 1 bath, similar square ft, and both have section 8 tenants. One is renting for $1200 and the other is renting for $750. The $750 was listed as a regular rental and it looks like it got a section 8 tenant, and is rented at market rates. I believe the other one was rented as a section 8 property through the HUD because the FMR on the HUD website is $1200. Is there a difference between a PROPERTY being section 8 (eg having a classification of section 8) vs a section 8 tenant using govt money to pay a regular market rental? Or if a tenant is using section 8 funds does that become a section 8 property?