General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 05/27/2020
Converring to Section 8 Housing
We would like to convert our low income housing to Section 8 housing. Has anyone ever approached a current tenant with the idea and explained how it works and there would be mutual benefit? Is this something a property manager would be able to handle? Does the property manager handle any changes to a lease if it is currently month to month? Thank you.
@Joseph S. the tenant must qualify with section 8 and receive approval and a voucher of sorts. You would then fill out the paperwork for them, they turn it in, an inspection ensues, and you either pass or fail. They can cone back to reinspect, but in our area, that means a delay and they may not be able to move in until the following month. They usually date things for the first of a month. Just be aware that it usually takes another month for you to receive funds direct deposited into your account. They don’t move very fast😳
I would look for a property manager in your area that has experience with Section 8
- Kim Meredith Hampton
- [email protected]
- 407-448-6679
- Podcast Guest on Show The Key to Scoring Discounted Deals in One of America’s Hottest Markets