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Updated about 13 years ago on . Most recent reply

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55
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3
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Sergiu Spinu
  • Real Estate Investor
  • Pittsburgh, PA
3
Votes |
55
Posts

Please advice with section 8

Sergiu Spinu
  • Real Estate Investor
  • Pittsburgh, PA
Posted

Hello

The house that i bought a few weeks ago is almost ready for rent.I decided to accept section 8 tenants i just don't understand one thing please advice

Let's say i want to rent it out for $800 per month.Who pays me each month? the section 8 program or the tenant?

One lady is interested in the house and she told me her voucher is $695 and she can close the gap ($105) is this normal?or is better to find another tenant who has the voucher for $800?

I am a little bit confused please help

Thanks a lot guys

Most Popular Reply

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117
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51
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Ezinwanne Hawkins
  • Real Estate Investor
  • Washington , Washington D.C.
51
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117
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Ezinwanne Hawkins
  • Real Estate Investor
  • Washington , Washington D.C.
Replied

I just wanted to add that in some circumstances, the local housing authority pays the entire rental amount, because the tenant either has no income or too little income (after certain deductions are made) to have to contribute toward the rent.

So in this case, you'd get just 1 check - from the housing authority.

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