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Updated over 4 years ago on . Most recent reply

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Ryan Moffett
  • Rental Property Investor
1
Votes |
7
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Section 8 in Massachusetts

Ryan Moffett
  • Rental Property Investor
Posted

Hi everyone I need some advice

I have recently bought a condo with tenant in place and an agreed upon rent price. After speaking with her I learned that she is on disability and 90% of her income goes to rent. The rent on this unit is below market rate and if i lower the rent anymore for her I will be in the red. My question is should I apply to be a section 8 landlord and have her apply for section 8? From the research I have done it looks like I could get market rate for the condo and my tenant could pay less.

All guidance would be much appreciated.

Thank you

Ryan

Most Popular Reply

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8,372
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Colleen F.
  • Investor
  • Narragansett, RI
4,375
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8,372
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

There is often a waiting list for a section 8 voucher depending on the area so I think you tenant needs to apply on their own and come back with a voucher or find someplace more affordable. You have to honor the lease but honestly I don't know how they do that unless they are also working under the table. If this is not permanent total disability then a there is an end in site but sounds like you think it is permanent. 

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