Legal & Legislation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago, 05/11/2023
NJ LANDLORDS MUST ACCEPT SECTION 8
This is just something I wanted to post because I think a lot of new investors can benefit from this… I love the BP forums and reading from all their experience. However, I HIGHLY suggest you do your own due diligence before taking ANYONES ADVICE.
I thought I read enough to understand that as long as your property wasn't already approved to accept the HUD vouchers (aka Section 8), you could just say that to prospective applicants and move on. I read countless times, it's your option whether or not you want to undertake the additional inspections that are required from HUD.
Well folks, in NJ THAT IS A FALSE STATEMENT - and now that I told a tenant just like that, I’m sorry this listing isn’t currently approved to accept the HUD vouchers - I have officially received a complaint from the Division of civil right saying that my statement was discriminatory and illegal based on the NJ Law against discrimination, as the HUD vouchers are to be considered lawful income….
You live and you learn, now I have learned and will pay for it… if anyone (IN NJ) has went through the same thing, any insight on how to proceed would be greatly appreciated… it’s already been filed and I have a docket number and all… I will be contacting several lawyers come Monday morning… just want to post and educate others, you REALLY need to know YOUR STATE LAW because they vary widely from state to state. I’ve already developed my plan of attack on all future listings, however, if anyone has anything to add of value, it’d be greatly appreciated…
Thanks in advance…. And NJ buy and hold investors - NEVER EVER say you can’t take the voucher…. Even if your unit isn’t currently qualified under the program - you can get stung if you say it to the wrong person…
🫶