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Updated 10 months ago on . Most recent reply

User Stats

3
Posts
5
Votes
Avi Zarbavel
  • Investor
  • Cleveland Ohio
5
Votes |
3
Posts

Section-8 Investors Please give your opinions / thoughts!

Avi Zarbavel
  • Investor
  • Cleveland Ohio
Posted

Hello Bigger Pockets, My team and I are looking for a tip to point us into the right direction of how to convert our current tenant from regular rent she pays to a Sect. 8 Voucher (where rents in that zip code are much higher), she will have a percentage of the monthly rent paid for her by the government. Where we find a drawback on this move is our lack of knowledge of the legality of the question: "Can the Investment owner  Legally ask their tenant to try to apply for the section 8 voucher?" If anyone knows the answer please leave a reply and any other cool section 8 or real estate tips / things to avoid.

Thanks!

Avi.

Most Popular Reply

User Stats

1,148
Posts
948
Votes
Kyle Mccaw
  • Property Manager
  • Keller, TX
948
Votes |
1,148
Posts
Kyle Mccaw
  • Property Manager
  • Keller, TX
Replied

@Avi Zarbavel your tenant needs to apply for section 8. 

Here in Dallas Fort Worth section 8 pays market rent. They do not pay a premium. Sometimes people think they will based on the calculation on the voucher. HUD uses rental comps when approving the lease amount.

  • Kyle Mccaw
business profile image
McCaw Property Management
4.4 stars
609 Reviews

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