Local Real Estate Networking
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Section 8 Voucher Only (no income)
I'm getting 4 units ready to rent, primarily targeting Section 8. In our area, either the recipient pays 30% of the monthly rent OR they simply receive a voucher for a rent amount and HUD pays the entire amount.
For tenants paying 30% of the rent, I need 3-4x their portion of the rent each month in income.
But 100% voucher tenants often don't have employment.
I'm more uneasy about renting to full voucher applicants BUT...I'm sure they already have a hard enough time finding places to rent as it is, and I'd like to be the sort of landlord who gives people a chance when others won't. I'm assuming the full voucher tenants can't pay a security deposit (or certainly can't pay much of one).
What are your thoughts?