How To Get Section 8 Tenants

1 what is section 8 2 project based vs tenant based 3 5 benefits of renting to voucher tenants 4 11 disadvantages and more.

How to get section 8 tenants.

Accepting section 8 tenants increases your tenant pool. The housing choice voucher program also known as section 8 is a federally funded program that provides assistance to eligible low and moderate income families to rent housing in the private market. The purpose of this program is to grant housing choice vouchers to individuals who meet certain criteria. There are many prospective section 8 tenants trying to find suitable rentals in the bay area and a long list of low income persons waiting to get into a pha program.

The rent is guaranteed and deposited at the same time each month provided the property is maintained. The section 8 program is run by hud. In this free investor guide you ll learn if section 8 is good for landlords or not. The housing choice voucher program commonly known as section 8 because it is part of the larger section 8 program is a federal housing assistance program that subsidizes part of a tenant s rent payment in order to help low income renters access safe clean housing.

With section 8 you will always get the majority of the rent on time every time. The housing authority reviews every. There are different procedures and requirements a landlord must follow when renting to a section 8 tenant than when renting to a tenant who does not receive this housing choice voucher learn six risks that a landlord may face when dealing with the section 8 program. In some cases the government pays 100 percent of the rent.

Housing choice vouchers fact sheet. Typically section 8 tenants pay their portion on time as well. The advantages of accepting section 8 tenants often outweigh the disadvantages. Continue reading to get the full scoop.

Eligibility for this program is based on a family s gross annual income and family size. To even be considered to receive a voucher the individual must meet four basic criteria which includes their family status income level citizenship and eviction history. Many quality tenants simply cannot afford rent. When a family selects a housing unit and the pha approves the unit and lease the family signs a lease with the landlord for at least one year.

Home what we do housing choice voucher program section 8. Since failure to live up to the lease can cost them their housing voucher section 8 tenants can be even more reliable than private tenants.