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How to Quality for Section 8 Accurate Rental Price Data

Rent to Section 8 Housing

If you are a landlord or property manager who has had trouble filling vacancies, finding qualified tenants, getting paid on-time, or are looking to maximize your income from rent, Section 8 might be right for you. Section 8 is a federal government housing assistance program designed to help low-income families afford housing by paying a portion of the rent. There are pros and cons to section 8 for a landlord.

In Section 8, the tenant pays you a portion of the rent and gives you a government issued voucher for the remainder of the rent. You (the landlord) then presents that voucher to your local Public Housing Administrator and get paid by the government.

More: Find the Fair Market Rent of Your Property

Pros

The main advantages are:

Cons

Of course there are also drawbacks:

Qualify Your Unit for Section 8

If you have decided that renting to section 8 tenants is right for you, then then it is time to sign up for the program. Getting your property qualified can be difficult. There are multiple inspections and your property must be 100% up-to-code.

To get started, contact your local Public Housing Agency (PHA).

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