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Updated almost 5 years ago on . Most recent reply
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Section 8 resident -- Can not come up with security deposit?
Paperwork has been approved and we have passed inspection. She has 1 week to move in and informed us she wont have enough cash to cover the security deposit due to her lay-off from the Corona epidemic.
If she does not move in by the end of the week we loose the subsidy and the 1 year of guaranteed rent ( and months we spent getting to this point) Any ideas? I was considering letting her move in without it or perhaps increasing her portion of the monthly rent. Thoughts?
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John Underwood
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Is her rent paid 100% by government? If so let her in!
Get as much of the deposit as possible and work out a payment plan for the rest.
Having rent guaranteed by the government with what is going on in the world is huge.
My section 8 tenants have been in my houses for 5 years or longer. They tend to stay a long time, rent increases are easy.
Don't think twice about this, get her in your property and do what you need to do to make it happen.
Get as much of the deposit as possible and work out a payment plan for the rest.
Having rent guaranteed by the government with what is going on in the world is huge.
My section 8 tenants have been in my houses for 5 years or longer. They tend to stay a long time, rent increases are easy.
Don't think twice about this, get her in your property and do what you need to do to make it happen.