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Screening Section 8 Applicants
I’m a 1st time landlord in Colorado, preparing to rent out my first home. I got an applicant asking if I accept Section 8. While I believe Section 8 is protected here, I have my own minimum qualifying standard that the tenant(s) must earn 3x the monthly rent per month.
How do I find out what Section 8 would pay per month or I do strictly go off the applicants listed income?
Is denying the applicant by simply stating they do not meet my minimum qualifying standard enough to protect me as the owner?
Being a newbie I don’t want to get myself in trouble right out of the gate.
I appreciate any advice.
Thanks!