Georgia Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Atlanta landlords required to accept section 8 tenants
So, I understand that Atlanta city council approved this new legislation, that section 8 tenants are now included in the protected class and can not get turned down.
Looks to me that this might increase the problem, that they're trying to solve. This is what I see:
- Many landlords of single family homes, once current tenants leave, will rather renovate and sell to owner-occupants than jumping through all of the hoops that section 8 requires. That will eliminate those homes from the rental pool, which then lowers the supply and likely will raise rents further.
- It may take a long time to get approved by HUD and may need $ thousands in upgrades to come up to HUDs requirements for some properties. No rental income during that time.
- Landlords may increase rents to avoid having to turn down section 8 renters, because they might not be looking at higher rates
Will it really solve the problem? If a voucher holder were to call me today and asked, if I accepted vouchers - if I said that I certainly would, but that the property is not currently approved and it may take months to get that approval - would they stick around? Just saying.......