A cautionary tale continues from Part 1 … We decided to approve their application because the federal government pays the majority of their rent, and their disability checks are consistent and dependable income. Before the tenant moves in, an inspection must be conducted by the housing commission. The inspection was conducted a week later and […]
Posts with the section 8 tag
A Cautionary Tale on Section 8 (Part 1) … #realestate #realestateinvestor #propertymanagement
We own a 3 bedroom 3 bath townhouse in a suburban area with good schools. We have had the same tenant for 23 years. The reason the tenant stayed so long is because we rarely increased the rent, and when we did, it was just an extra $25 or $50 per month. We appreciated that […]
4 Lessons Learned – #Section8 #TenantScreening
Let me preface this post by saying that we are not casting aspersions on the Section 8 program. We can only speak from our personal experiences. During the past 2 -3 years, when we advertise a property for rent, we get many inquiries from prospective tenants who have “housing vouchers.” The “housing vouchers” go by […]