Renting to Section 8 Voucher Tenants

By
Real Estate Services with Bluewater Property Management, LLC and Lowcountry Turnkey Properties, LLC
A common mistake landlords make is they wait until they and their property are approved by the local Section 8 authority before they advertise for Section 8 Voucher Tenants. As mentioned in the previous article, you should start to advertise your property to Section 8 Voucher Tenants the moment you decide to apply to the Section 8 program.

Finding Section 8 Tenants
Actually, you do not find them; they normally find you. Remember the phrase from the previous article? Insert "Will consider Section 8" to your advertisements, and you will receive calls. My phone constantly rings when I use that phrase is in advertisements.

Another strategy to find Section 8 Tenants is to add your property to the local Section 8 authority’s approved property list. Once your property is approved, you need to contact the local Section 8 authority and request to be added to the approved property list. Not all local Section 8 authorities automatically add you to the property list, so make sure your property is on it.

Typically, a home is only listed for a specific period of time; therefore, you need to ask your local Section 8 authority how long their listing period is for. If you do not rent your home in that time period, you can request to have your home relisted.

Evaluating Section 8 Tenant Applicants
A Section 8 applicant should be evaluated like every other applicant. There is one additional step, and that step is to verify the Section 8 voucher is valid. To do that, simply contact the agency the Section 8 applicant lists as the local Section 8 authority he/she is approved through.

Our local Section 8 authority does not evaluate and qualify voucher receipts based on rental criteria, so my company, as the property owner, is responsible for qualifying the tenant. Most local Section 8 authorities do not evaluate voucher recipients for rental qualifications, so it is imperative you conduct your due diligence as you would for any other applicant.

Remember, you cannot discriminate when renting your property, because it is wrong to do so and it is against the law! You must have the same rental criteria for a regular paying applicant and a Section 8 Voucher applicant.

If you have any questions about the Section 8 program, please feel free to contact me.
Aaron
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Rainmaker
1,116,940
Richie Alan Naggar Author PEARLS SERIES of books
on LIFE and LOVE plus Real Estate too!
People first then business! Ran Right Realty Riverside, Ca

Well done post and information on Section 8. I have been doing this on and off for many years now. It is a good program and I reccomend it to anyone. Thank you Aaron

June 02, 2011 10:24 AM
Rainmaker
187,444
Sarah & John Rummage
BPOR, ePro, Realtor
Benchmark Realty LLC, Brentwood, Nashville TN 615.516.5233

In a former life as a banker, there were several employees in my department who received Section 8 vouchers for rentals. 

Also, I have heard from a landlord that he loves the system. They send out inspectors, much like an FHA appraiser, to tell him the health and safety things to fix, and then come back when he has fixed them. The money comes into his account every month like clockwork.

Sarah

June 02, 2011 03:20 PM
Rainer
115,672
Homes and Condos For Rent in Roseville CA
mail@rosevillerentalproperties.com
Roseville Rental Properties

What a great series, Aaron...I'm re-blogging this post, along with the other three posts about Section 8.

June 18, 2011 05:39 PM
Rainer
225,823
Daniel H. Fisher
MCRP - Charlotte Real Estate, NC or SC
www.FisherHermanRealty.com (704) 617-3544

when managing rental properties, knowing how to market to and process tenants with Section 8 vouchers is critical.

June 25, 2011 08:53 PM
Rainer
3,317
Jake Bodnar
Arizona Housing Experts

A mentor of mine who deals exclusively in Section 8 properties emphasized the same thing: qualify them like any other tenant and don't be afraid to hold out for more qualified applicants. He has never once had a tenant on a voucher EVER break a lease or leave a property beyond repair in his twenty years of doing this. Not to mention the chance you could to get above market rent in some cases because its on the governments tab. Also remember theres two different kinds of vouchers. A majority of them hold the ones that pay ALL the rent and expenses and will likely remain on Sec. 8 forever. Then theres the 50/50 voucher holders who only get part of their expenses paid, the majority whom are upwardly mobile tenants doing their best to get off the program. They could turn into future home owners down the road, and the Section 32 program can facilitate that if they're already on Section 8.

April 03, 2013 07:29 PM
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Rainmaker
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Aaron Silverman

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