Rent and Section 8 Applicants
If you have your property listed for a certain amount and get section 8 applicants that have vouchers that pay for more than that, if you decide to go with a section 8 tenant can you then raise the rent before they were to move in? Does anyone know how this works? I have section 8 people wanting to apply to my property but I am not familiar with it and I would obviously want to charge more if it is a section 8 tenant. For example, my rental is listed at $1300 water included and one of the section 8 leads says that their voucher is up to $1500 (would obviously need to be verified). Please let me know if you have any answers to this. Thanks!
Most Popular Reply
@Thomas O'Donnell Hey Thomas! Columbus Metropolitan Housing Authority would determine how much they are willing to pay for your property. When a potential section 8 tenant tells you there voucher covers up to 1500 that doesn't mean that you will get that.
Just like how you determined your rent they will do the same. They will base it on comps in the area, amenities, condition and etc...and give you a rent amount.
If you're looking to entertain section 8 there's a process to it and the first step would be attending classes and getting certified with section 8 in your city.
Hope this helps!