I am closing on a quad tomorrow and one of the tenants is Section 8. In reaching out to the local housing authority they provided a bunch of forms to be completed and asked quite a few questions.
Do I need to have a business to have a section 8 tenant? The housing authority asked for proof of my business and I was afraid to respond back I did not have a business.
As I have never worked with Section 8 before can you negotiate the amount paid by the housing authority? It is at least $75 less than comparable apartments in the neighborhood.
Thanks for the thoughts
Section 8 tenants gets vouchers. You can set the rent you want. If the rent is higher than the voucher they have to come up with the difference. You can increase rent once the lease expires.
hello @Christopher Gingras ,
You don't need a business to do section 8. Go to www.gosection8.com for more info in Landlord section.
Hopes this helps.
Looking to connect with Orlando Section 8 investor/landlords as this space really interests me.