What is Section 8? Section 8 is a government housing voucher program that provides rental assistance to tenants with low income, paying a portion of the month’s rent directly to private landlords. This program may be project based – where it’s to be used in a specific apartment complex or housing project – or tenant based – where the tenant can live in any part of the US in a rental that accepts Section 8.
Many landlords simply don’t like putting up with the extra paperwork. They don’t like the government getting involved in their business. The random inspections from HUD may be a bit too much for landlords, although they are established to maintain an internal control of the tenant which has an obligation to keep maintenance, and damage costs to the very least possible. The program also speculates that the rental must be rented at a fair market price, which also tends to ward off landlords that like to keep their property at an above market price. Another reason some landlords don’t like the program is the facto that the eviction process could be tedious, since the only way to proceed with an eviction is through judicial action. No other way is possible, regardless of state and local laws.
The program has impressive punctuality with paying their portion of the rent. Say the tenant is responsible for only 30% of a 1,000 a month rental; your $700 a month are guaranteed. Tenant pre screening is also a big bonus. The tenant must pass through a vigorous screening process to be accepted into the program. They check criminal, credit and work history and the tenant must stay current with the office of all income and family size changes. Your rental is promoted for free through HUD’s networks and have a large pool of potential tenants since the waiting list to become a Section 8 recipient is very long. This means less vacant times and maximum profitability.
Things to consider.
Landlords are not required to participate in the Section 8 Housing program. Considering this, it is also illegal to deny an applicant on the sole purpose of being a Section 8 tenant. Landlords who don’t want to deal with Section 8 applicants generally use other means to disqualify the potential tenant.
In conclusion, I don’t see why a landlord would want to deny or not want to deal with Section 8 prospected tenants. Seems like a great win situation for both parties involved.
At Fast Eviction Service, help on any of the issues discussed in this article is simply a click or phone call away. Email email@example.com or call our office at (800) 686-8686 to discuss your questions for a free evaluation of your case.
Section 8 Renting – The Pros And Cons
A quick Google search of “Should I get involved in section 8 rentals” will most likely deter you the other way and avoid this “hassle.” Most of the blogs or forums related to this question will turn up negative reviews and are trigger happy to tell you that most of these tenants very problematic, disrespectful and unreliable. The truth is, however, that once you learn the ropes on the process itself, it’s not all that bad. Read More...
Five Challenges For Landlords When Renting To Tenants Under Section 8
Section 8 of the American Housing Act 1937 lays out the rules for the Housing Choice Voucher Program and sets out Housing Quality Standards for landlords to follow. Section 8 Voucher Program is a tenant-oriented rental assistance package which allows a tenant to move from a house that offers minimum level housing quality to another. Read More...
How Should A Landlord Deal With Collecting Rent From A Section 8 Tenant?
Should Landlord Directly Collect Rent from a Section 8 Tenant If Housing Authority Discontinue Provision of Rent Due to Uninhabitable Property Issue? How a landlord deals with collecting Section 8 rent payments depends upon the exact circumstances of the tenancy with habitability issues being high on the list of tenant grievances that can determine the manner in which Section 8 rent payments must be handled. Read More...