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Hey Latonya, accepting out of state vouchers can increase your tenant pool and potentially increase your rental income, but it also introduces complexities like verifying voucher validity with distant agencies, dealing with unfamiliar local resources for the tenant and navigating potentially different eviction procedures in another state.

Taking any legal action against the tenant for this leads to payment abatements by the housing agencies.

The appraisal will uncover if any items need addressed prior to meeting property conditions per agency guidelines (FHA or Conv).

For anyone who has focused on just buyer agency, they will just have to pivot and adapt to the changing climate around them.

They may not be authorized to do dual agency, or they may not feel it is in the best interest of their seller client if a listing is hot since dual agency can get messy. 

At that point we give the tenant a list of charities and agencies that will assist individuals who are at risk of homelessness so they can get assistance if they don’t have the ability to pay what they owe.I beg to differ that “Literally, in the terms of the contract, it states HUD is responsible for any damages to the property.”  

I'd be curious to hear from the pros on how this law will affect this group of agents and how folks like me, who will be using a flat-fee agency, should handle working with them when it comes to commissions?

@Chris F. if you find a smaller collection agency, service will suffer.We've used many and the biggest challenge is that they're unorganized and don't give regular updates.