Posted by Scott Moore on June 29, 1999 at 08:53:56:
Yes, here in St. Louis the Section 8 program will also pay above market rents. Anywhere from $75 to $150 per month more (depending on the property and it’s shape).
I’m getting involved with it now and I’m required to go to the HUD seminar tomarrow to learn about it and to sign up for it.
I wonder what the property inspection will be like. I kniow I need to clean the basement and paint the unit, but I will find out what more I have to do after the inspection I guess.
HUD Section 8 properties - Posted by tom
Posted by tom on June 28, 1999 at 14:55:54:
Section 8 properties are very popular in Pennsylvania and New Jersey, but I haven’t seen much about them on this website. Is there a reason why? Should I avoid them or are they just difficult to do or what? Seems to me that everyone I have spoken to loves the guaranteed money from the government. Just wondering who has had experience with them before.
Re: rent cr to buy - Posted by leslie
Posted by leslie on June 30, 1999 at 02:02:17:
i give em a rent credit to buy any of our rentals. just a coupon monthly of $50-100. many have family who would like to own a rental property.
Re: HUD Section 8 properties - Posted by Barbara (ME)
Posted by Barbara (ME) on June 29, 1999 at 09:28:14:
We have a section 8 property and it was a snap to become a section 8 landlord as the former owner had been one. No meetings or anything. They do inspect the place once a year, and are quite picky…no chipped paint inside or out (even ceilings) if there are small children; or rube goldberg plumbing, etc. However they are reasonable.
I think it is a great program and like everyone said they pay well.Within 20 miles here there is only one other section 8 landlord.
Re: HUD Section 8 properties - Posted by Tim (Atlanta)
Posted by Tim (Atlanta) on June 29, 1999 at 06:30:08:
I currently have a Section 8 tenant who is 2 months behind on her rent. In the 7 months since the rental agreement started, she has NEVER paid her portion of the rent on time. I made the mistake of not doing all of my homework and checking her past landlords more carefully. Also, if you ask people at the Section 8 housing office, they will tell you the history of the tenant. You have to ask specific questions, they cannot volunteer information. Since my tenant is so far behind, I am beginning eviction proceedings soon.
I must add that the people who manage the Section 8 program have been most helpful to me, and I will most likely use the Section 8 program again. The Section 8 program in my area is so desperate for good properties to rent that they will also pay above market rents. Next time I will be more diligent in checking my applicants past. Lesson learned!
Re: HUD Section 8 properties - Posted by Scott Moore
Posted by Scott Moore on June 28, 1999 at 16:17:44:
I received a lot of responses when I ask that as well…
Most all were good and loved it. EVERYONE said this: Check your tenant back grounds and screen them VERY well before letting them in.
I called up our local HUD office and once a month, they hold a seminar on Section 8 and you must come in order to join in the program. St. Louis is having the next one on Wed, June 30th at 3:00 pm. I can’t wait until we go and learn more about it.
My buddy has 6 SFH’s on Section 8 and the good’Ol Gov’t pays him about $100.00 a month MORE than what he would get renting to someone off the street.
Re: HUD Section 8 properties - Posted by JaimeR_NJ
Posted by JaimeR_NJ on June 28, 1999 at 15:12:49:
I have experience in Sec 8 housing, what is it you would like to know?
There are some properties that have the rental subsidy attached to the individual units and then there are Sec 8 certificates or vouchers that go with the tenant. In that case, it is up to the landlord if they want to accept a tenant with a Sec 8 certificate.