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All Forum Posts by: Salvador Cornejo

Salvador Cornejo has started 2 posts and replied 4 times.

@Avery Heilbron i appreciate the feedback and advice . This puts my mind at ease , and I now have leads that I can go back to . 

Am I allowed to ask the applicants what their share of the rent is ? 

 I appreciate the feedback . Definitely puts my mind at ease . 

As far as the inspection goes , any idea where I can find more information. I went directly to the section 8 office to request a checklist , they told me they would not inspect the house or tell me the requirements  until a Lease was signed . I thought that was absolutely crazy . Im specially curious  in wether there is a requirement for a/c and heat, as the house currently only has a swamp cooler . 

I converted my primary home into a rental after buying a new house . Rental is in a c neighborhood .  I’ve tried renting the house out so far , but it’s been a struggle . 

I first listed the house on Zillow at what I perceived to be market rent . Got several inquiries , some were section 8 , others wernt . But all the perspective renters had challenged credit , 550 or lower . 

I experimented dropping the rent and not much changed . So then I experimented raising the rent . About $500 higher than the initial listing , this got me a lot of activity , a lot of inquiries . But now exclusively from section 8 tenants , but still , all with challenged credit . 

How risky would it be to rent this out to them ? I understand in some cases the rent is fully paid by the voucher , and in other the tenant pays a portion. I also understand that there will be more damage and expenses to maintain the house . My biggest concern would be having the tenants not pay , and having to evict .

Newbie here . Listing first property today. Are there any restrictions on listing a minimum credit score on a rental listing ? I’m in Los Angeles county