How does section 8 work?

Question

I am renting out my condo for the first time and I have had people asking if we will accept section 8. I am unfamilar with how this works. Does anyone know or had experience with renting to a section 8 leasee?

Answer 1

The Section 8 Federal Housing Assistance Program was instituted to help provide safe and sanitary housing for people that normally would not be able to afford it.

The Dept of Housing & Urban Development (HUD) pays all or a portion of the monthly rent directly to the landlord every month, depending on the tenants situation.

The property must be in a safe and sanitary condition (no chipped paint, windows open and close, furnace works etc...), and landlord must sign the Sect 8 lease.

Every year, at lease renewal, Sect 8 re-inspects the property. Landlord is given 30 days to correct any violations.

Advantage: You get most of your rent mailed directly to you on the 1st. Also, Sect 8 tenants tend to be better renters, because if they violate their part of the lease, they lose their eligibility forever.

I do a few Sect 8 rentals, and have had good luck with them. Make sure you screen the tenants very good, and get a security deposit. Good luck.

Answer 2

How Does Section 8 Work

Answer 3

I have several friends who rent all of their rental property to Section 8 recipients. They have been doing this now for over 5 years and are very happy with it.

If you are willing to accept this program, the recipient should be able to give you the information you need to sign up and speak with their case manager. You will need to provide proof you own the property and sign a lease, which is usually one year, for a set amount. Also, your condo will have to pass inspecition. What that entails is an inspector from the housing authority office will set an appointment and come out meet with you and "inspect" the condo to make sure certain things are in place for the safety of the resident, etc.

There are some positives to this situation I think, and I actually plan to list some rental property with this program. The program pays the bulk of the rent and you can pretty much count on your rent always being on time each month and you can "screen" the applicants and check references so you really shouldn't end up with a bad tenant. I've listed the HUD website below for some information on the program, you should be able to locate information specific to the State where you live and usually they list the local HUD office where you can contact them for information if you would like.

Answer 4

This Site Might Help You.

RE:
How does section 8 work?
I am renting out my condo for the first time and I have had people asking if we will accept section 8. I am unfamilar with how this works. Does anyone know or had experience with renting to a section 8 leasee?

Answer 5

I have 23 rentals, 20 of them are thru Section 8. I find the Section 8 tenants are easier to deal with than regular tenants. You get a majority of the rent paid by the govt. I have learned the hard way at times on how to deal with section 8 tenants and my lease 2 sides of legal sided paper full of show it. I do not offer a grace period, there is a $50 late charge, a $25 fee for me just to walk in the door to make repairs, whether its their fault or not ( just like any repairman) etc etc etc. Like most people if you give them an inch they will take a mile. But you need to realize, if your section 8 tenant really messes up they could lose their section 8 benefits and whether right or wrong I do hold this above their heads. With regular tenants if they don't pay, you evict them and they move on to someone else. I could go on for hours, but if you want more info, just holler and I would be more than happy to tell you anything you want to know. Good Luck KG

Answer 6

I own several rentals and have been doing this for along time (renting). I have tried every way you can think of not to worry about getting my rent money. I tried section 8 and it down right sucks!!!!! The people dont call you first they call there coordinator about the problems they may have and demand to them that you would not fix it. Or act like you owe them something because you have rental property your are automatically rich. Had people stop up my toilet keep using it and did not call me and then the housing authority would call me complaing why I didnt fix there problem and they wouldnt pay the rent until it was fixed. And no matter how much you explain to them you didnt know anything about it they dont believe you. You or I want to fix whatever problem arises because this is an investment for us that we want it to last. Or the next thing would happen there is more people living there than there should be and you can not prove it. Are there boyfriend/girlfriend moves in and doesnt belong there then the fights happen between them and the partying happens with all there friends in your house and they dont care!!!! what happens to your house because you can fix it if it breaks... Totally against section eight did several time (I must be a slow learner). But all the stories are true that I just told you that happen to me.Not once but every time I rented to section 8. Good luck!! To contact a section 8 coordinator contact your local housing authority

Answer 7

if you are someone in your house hold is disable then sometimes section 8 will pay the most of your rent then you pay what is left.but when you go to sign up for it be ready to give them your life history.but sometimes section8 is the next option if your income is low.maybe you should just go and sit down with the section8 peoples and talk with them one on one you have nothing to really lose.goodluck

Answer 8

If I'm not mistaken it has to do with the individual local or state government paying the persons rent for them. I'm not sure, but I think it is paid directly to you, but it is a set amount. It may or may not be as much as you are asking. Call your State Housing Authority under local government. They should be able to help you.

Answer 9

Basically they only pay a small part of the rent depending on their income and the government will pay the rest.
You would have to go sign up with HUD I think so that you can work with their system.

Answer 10

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