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Updated almost 5 years ago on . Most recent reply
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legally required to accept section 8 in cleveland now?
I was told a law passed that now requires this although i'm unable to find a reference to it. Anyone know if this is true?
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- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
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@Christopher Toth Sssssssshhhhhhhhhh, quiet man. Don't blow it for the rest of us :-) If people keep assuming that renting out to tenants that have a Section 8 Voucher is a bad thing, that leaves more for us to choose from :-).
I have Section 8 rentals in Cleveland, Ohio and Concord, Ca and Oakland, Ca and those tenants are by far the most reliable, maintenance free and hassle free tenants I have compared to my cash tenants because either myself or my property manager screened them properly. We get a free inspection every year or every other year from the Housing Authority and when the Section 8 tenant ever loses their job (because contrary to popular thought, MOST tenants with a Section 8 Voucher have a job) the Housing Authority actually covers the entire rent until they get another job. Christopher a lot of people don't know that on average, Section 8 tenants tend to stay in properties longer than cash tenants and since tenant turnover is generally one of the biggest expenses that risk is mitigated with a properly screened Section 8 tenant.
Did we mention the rent is guaranteed?
Christopher we absolutely can't share this information with people :-)