I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Yes! Several of my investors like to use Harvey Levin for property manager for their section 8 houses in Indianapolis. He has been in the business for 30 years and very knowledgable about all things section 8. PM me for his contact info if that is an area you are interested.
Absolutely. I hear there are one or two locations in Texas that discriminate against assisted housing vouchers. Section 8 and similar programs are federal.
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
Yes! Talk to PM in the area you are buying and ask them whether they will support filing application for Sec 8 for your property, and whether they oversee Sec 8 properties.
Yes! Several of my investors like to use Harvey Levin for property manager for their section 8 houses in Indianapolis. He has been in the business for 30 years and very knowledgable about all things section 8. PM me for his contact info if that is an area you are interested.
I'm in Madison, WI and been a few years since I had a Sec 8 tenant (in a duplex). I assume as a federal program, it's similar in all locations, but we had the program managed by a few local resources (Community Development Authority for Madison properties and Dane County Housing Authority for communities around Madison. We (and I assume everywhere) have a local housing inspector with those programs tour the property to make sure it meets basic safety standards (handrails, smoke alarms, etc), and they also reinspect annually, so before you get ready to lease to a Sec 8 tenant, would talk with the local dept. for a list of their most common failed items to make sure it'll pass.
You also sign the rental paperwork that Sec 8 uses and know some local landlords didn't love that aspect of being told what lease form to use.
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
For sure, you can use @Shane Kelly 's help for more insight
In Cleveland it's very common. The units do have to be in or above market conditions though and must be maintained there, which can be a headache if you get a problem tenant.
I would definitely do some research on how the programs operate in each city you are considering. Enforcement and rules can vary dramatically even though it is a federal program. I.e. Lake County Section 8 holds the landlord responsible for everything including tenant damage. I once had a landlord who had to PAY SOMEONE to clean an OCCUPIED apartment because it failed housing for cleanliness and Lake County placed the responsibility on him. In Kenosha County they remove the liability from the landlord for tenant damage and cleanliness. I've had tenant damage that they require the tenant to fix or pay us for within 30 days. Some Housing Communities can be more of an ally to you than others so research other people's experiences in those areas.
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
Yes this will work great in Columbus OH and Cleveland OH
It's a very much needed program in Cleveland, especially after the pandemic where rental demand was at such a high that the vast majority of investors I worked with would rather put a quick cash tenant in there in a few weeks, then wait for the slow Section 8 process, which can last 2-3 months. But I would get calls every day from people looking for Section 8 properties, but there just weren't many owner's offering it.
Here are some quick tips that can help you. If done right, it can be a great program for the investor and community.
1) Find a reputable property management company that has a lot of experience with the Section 8 leasing and inspection process. I've worked at several that were awful at this and made the process longer, and sometimes ruined the entire leases with their incompetence.
2) Understand it's going to take 2-3 months and that the people leasing the property understand that, but that's where good property management comes in to be able communicate these things effectively with the owner / tenants.
3) Have your contractors go over the Section 8 inspection guidelines while fixing up the property to make sure everything is up to code so you can hopefully get it approved the first time and save time / money.
Yes. You can rent out as many units section 8 as you want. As long as they meet section 8’s guidelines. I own a sIngle-family I rent out via section 8. It can be a tedious process, but once you understand how the system works it’s fairly easy to navigate.
Hey, I'm a PM in Albuquerque NM. We manage a lot of 4-plex buildings and you can definitely use a duplex or triplex for section 8. There is such a need for housing, the section 8 offices love any well cared properties. I would definitely recommend finding a PM to help you with these.
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
Of course, HOWEVER You are no ready to buy ,,,yet. Connect with someone doing deals, learn then apply what you learn, DO NOT BUY ANYTHING, YET unless you connect with a team, do not try and go it alone, it will not end well,
It's a very much needed program in Cleveland, especially after the pandemic where rental demand was at such a high that the vast majority of investors I worked with would rather put a quick cash tenant in there in a few weeks, then wait for the slow Section 8 process, which can last 2-3 months. But I would get calls every day from people looking for Section 8 properties, but there just weren't many owner's offering it.
Here are some quick tips that can help you. If done right, it can be a great program for the investor and community.
1) Find a reputable property management company that has a lot of experience with the Section 8 leasing and inspection process. I've worked at several that were awful at this and made the process longer, and sometimes ruined the entire leases with their incompetence.
2) Understand it's going to take 2-3 months and that the people leasing the property understand that, but that's where good property management comes in to be able communicate these things effectively with the owner / tenants.
3) Have your contractors go over the Section 8 inspection guidelines while fixing up the property to make sure everything is up to code so you can hopefully get it approved the first time and save time / money.
I have been dealing with CMHA for about 10 years, 100s and 100s and 100s of move in and outs, Yes its a bit of a headache , HOWEVER if you screen correctly, they can stay for years, and each month you get paid .
I am wondering, can I buy a duplex or triplex and get it section 8 approved to then accept section 8 vouchers? Looking to do this in states such as Ohio, Wisconsin, Indiana, and Kentucky.
Thanks,
Rich
Absolutely. We have 100's of Section 8 duplexes in Cleveland. Section 8 duplexes are a great income source.