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Matthew Mclean
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Do I accept a Housing Voucher?

Matthew Mclean
Posted

I am trying to find a tenant and one came to me with a housing voucher. She is trying to sign for a year where she pays 1/3rd of the rent and (the gov?) pays the other 2/3rds? Risks and rewards to this type of tenant?

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Joshua Christensen
  • Real Estate Broker
  • Albuquerque, NM
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Joshua Christensen
  • Real Estate Broker
  • Albuquerque, NM
Replied
Quote from @Matthew Mclean:

I am trying to find a tenant and one came to me with a housing voucher. She is trying to sign for a year where she pays 1/3rd of the rent and (the gov?) pays the other 2/3rds? Risks and rewards to this type of tenant?


 I've managed and had SECT 8 vouchers for several years.  They are normally my quietest tenants.  Housing does annual checks and the units are usually kept well.  The program pays 70% and the tenant pays 30% here.  It's all income driven.  If they don't pay or violate the lease in any way, they can lose their vouchers.  Most of those residents guard their vouchers like gold.  

I've had a couple of bad actors, but all in all I've had good experiences and continue to provide this type of housing.  

  • Joshua Christensen
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