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Updated about 1 year ago on . Most recent reply

User Stats

22
Posts
1
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Aaron Davis
  • Investor
  • Mounds, OK
1
Votes |
22
Posts

Section 8 tenants in an 8 unit I am buying

Aaron Davis
  • Investor
  • Mounds, OK
Posted

I am buying an eight unit complex. It only has three units rented, drastically under market I might add. Two of the tenants are section eight. All of the tenants have been there for 16+ years. All of the tenants take very good care of the place. 

My question is whether I have to allow new tenants to be section eight. I'm bound to these two contracts already in place, but don't necessarily want to have to do more unless I decide to down the road.

Most Popular Reply

Account Closed
  • Investor
  • Anaheim, CA
11
Votes |
56
Posts
Account Closed
  • Investor
  • Anaheim, CA
Replied

You can't legally deny someone because they are "section 8" prospects..you can, however, deny a tenant for other speculations, such as bad credit report, poor rental history etc..

I don't see why you wouldn't want to rent to section 8 prospects though? If you already have two tenants, that means your rental unit has been approved..your tenants are screened (since they have to be screen through the housing authority) and you get to promote your rental place for free? Most Section-8 friendly rentals get rented quicker than non..and it's just a little extra paper work for you, plus the random inspections..which scrutinise the tenant more than the landlord in my opinion..

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