General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Section 8 Question
I recently purchased a property in Cleveland. I found a tenant with a Section 8 voucher. Yesterday, I got my rental offer from CMHA. The offer is for $1,442.00. The tenant is responsible for $87.00. I'm being told, from someone with Section 8 tenants, that I can ask the tenant to pay me more than the $87.00. This would be in a separate agreement from the lease.
Is this true? Is this legal?
I'm erring on the side of caution that this wouldn't be allowed.
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 18,585
- Votes |
- 27,359
- Posts
Quote from @Gene Paniccia:
I recently purchased a property in Cleveland. I found a tenant with a Section 8 voucher. Yesterday, I got my rental offer from CMHA. The offer is for $1,442.00. The tenant is responsible for $87.00. I'm being told, from someone with Section 8 tenants, that I can ask the tenant to pay me more than the $87.00. This would be in a separate agreement from the lease.
Is this true? Is this legal?
I'm erring on the side of caution that this wouldn't be allowed.
lol, no not allowed.
Didn’t think so.
Thank you!
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 18,585
- Votes |
- 27,359
- Posts
Quote from @Gene Paniccia:
Didn’t think so.
Thank you!
Yessir.....Avoid taking any landlord advice from that dude.
I don't know about Ohio, but I assume it's the same as in Michigan.
That is not legal.
- Property Manager
- Royal Oak, MI
- 4,421
- Votes |
- 7,868
- Posts
@Gene Paniccia read the HAP contract. It states that side deals are a violation of the contract.
its against HUD rules to acept money under the table. If they find out HUD will kick both you and the tenant out of the program. HUD publishes the Median Fair Market Rent on their web site for the entire country. So you can know what they will pay before even advertising your rental. web site is HUDuser.org look for FMR, Fair Marlet rent
- Real Estate Consultant
- Cleveland
- 3,566
- Votes |
- 6,254
- Posts
Quote from @Gene Paniccia:
I recently purchased a property in Cleveland. I found a tenant with a Section 8 voucher. Yesterday, I got my rental offer from CMHA. The offer is for $1,442.00. The tenant is responsible for $87.00. I'm being told, from someone with Section 8 tenants, that I can ask the tenant to pay me more than the $87.00. This would be in a separate agreement from the lease.
Is this true? Is this legal?
I'm erring on the side of caution that this wouldn't be allowed.
100% NO! I have been working with CMHA for 10 years, 100s of move in and outs ,I deal with them weekly, so I am not speculating,
- Real Estate Consultant
- Cleveland
- 3,566
- Votes |
- 6,254
- Posts
Quote from @Gene Paniccia:
I recently purchased a property in Cleveland. I found a tenant with a Section 8 voucher. Yesterday, I got my rental offer from CMHA. The offer is for $1,442.00. The tenant is responsible for $87.00. I'm being told, from someone with Section 8 tenants, that I can ask the tenant to pay me more than the $87.00. This would be in a separate agreement from the lease.
Is this true? Is this legal?
I'm erring on the side of caution that this wouldn't be allowed.
You need to hire a PM, co ASAP,
Thanks for all the replies.
Some housing authorities don’t pay you market rent. So I can see why some do side deals. But most pay at least market rent so no need to ask for $ on the side. I’ve got two houses with sec 8 in AR that won’t pay me market rent. I may have to kick them out so I can at least get market rent. It’s frustrating, but I understand they have low funding.
Nope. I had my last 2 tenant with partial contribution and you can't change that.
-
Real Estate Agent Florida (#SL3590963)
- 305-218-9796
- http://www.lecasedimiami.com
- Real Estate Consultant
- Cleveland
- 3,566
- Votes |
- 6,254
- Posts
Quote from @Gene Paniccia:
I recently purchased a property in Cleveland. I found a tenant with a Section 8 voucher. Yesterday, I got my rental offer from CMHA. The offer is for $1,442.00. The tenant is responsible for $87.00. I'm being told, from someone with Section 8 tenants, that I can ask the tenant to pay me more than the $87.00. This would be in a separate agreement from the lease.
Is this true? Is this legal?
I'm erring on the side of caution that this wouldn't be allowed.
100% NO! You canNOT take more than the approved amount