Updated over 1 year ago on . Most recent reply
Looking to get into section 8.
Hello,
Does anyone have any information or knowledge how a section 8 or house vouchers work. What the process is? How to get started in it.
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#3 All Forums Contributor
- Property Manager
- Royal Oak, MI
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#3 All Forums Contributor
- Property Manager
- Royal Oak, MI
@Stepan Fedetskiy STOP.
S8 is NOT the cureall for nonpaying tenants!
In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.
Most, not all, are eligible for government assistance due to a funeral-march of bad choices.
REALITY: you are trust trading one set of problems for another.
You can succeed with S8, but you need to understand the challenges and plan accordingly.
- Drew Sygit
- [email protected]
- 248-209-6824
