Q. I have a few section 8 homes near me and I have read that it will bring down my home value. Does anyone have info?
A. No, what will bring down your home value is trashy people. People on assistance are not necessarily synonymous with trash.
As a landlord, you are able to impose your own requirements and conditions on section 8 tenants, so long as they are within fair housing guidelines. Me, I require they have at least average credit with no outstanding debt in collections, other than medical debt. I require they have no evictions for the past 5 years, and that, along with the money provided through section 9 and their household income, they have 3 times the monthly rent coming into the household.
With that in place, I don't have hardly any problems, and as the other answerer mentioned, you wouldn't be able to pick out which of my tenants received assistance if you tried.
As a landlord, you are able to impose your own requirements and conditions on section 8 tenants, so long as they are within fair housing guidelines. Me, I require they have at least average credit with no outstanding debt in collections, other than medical debt. I require they have no evictions for the past 5 years, and that, along with the money provided through section 9 and their household income, they have 3 times the monthly rent coming into the household.
With that in place, I don't have hardly any problems, and as the other answerer mentioned, you wouldn't be able to pick out which of my tenants received assistance if you tried.
What does MBQ stand for in regards to housing ?
Q. Is it a type of section 8 housing ? I'm new to real estate investing and I'm not sure what program it stands for.
A. most buyers qualify
Is there a war on the middle class and the working poor?
Q. I mean if you were going to cut benefits it should have been on the people getting section 8, WIC, Medicaid and all of those other programs that never paid into the system. Actually they have been increased from I heard.
There has also been an increase in all kinds of taxes especially real estate taxes. Say good bye to the housing market and business in general. Who wants to invest in an environment which takes all of your money?
Now the IRS is going to put people in jail because they can't afford to buy Obamacare. Wow I feel so free.
There has also been an increase in all kinds of taxes especially real estate taxes. Say good bye to the housing market and business in general. Who wants to invest in an environment which takes all of your money?
Now the IRS is going to put people in jail because they can't afford to buy Obamacare. Wow I feel so free.
A. If any benefits are to be cut it should be;
1. to illegals!!!
2. to Illegals!!!
3. welfare recipients!!!
4. black welfare recipients!!!
5. mexican welfare recipients!!!
Hey, at least in prison you'll get your health care for free!!
1. to illegals!!!
2. to Illegals!!!
3. welfare recipients!!!
4. black welfare recipients!!!
5. mexican welfare recipients!!!
Hey, at least in prison you'll get your health care for free!!
Are there limitations on the sale of rental property when one has a tenant?
Q. I have a tenant who rents with a section 8 voucher. The mortgage doubled and the voucher was reduced. It looks impossible to keep this going, tho we are trying.
I didn't write up a new lease for the tenant when her old one expired March 31, because I was wary about how things are going. Thought I'd keep her on month to month.
Now, she wants a new lease so her kids can have pool passes. Makes sense. But, if I give her a full year's lease, and we just cannot keep this house, can I sell it to someone who wants to owner/occupy it, essentially kicking out the tenant?
My realtor says that even tho the real estate prices are falling like crazy, no investor could buy the unit at current prices.
Our tenant has been there 3+ years and would like to stay 5 more. I'd like her to stay, too, whether we own or not. But, I've not been able to find an investor.
My tenant has 5 kids and can't even keep a phone turned on. I'm sure there'll be no extra money available.
I think your advice to contact the housing office makes sense tho - surely there's a concern in the agency to keep these families stable. I had to laugh about the 'swim club community.'
We are thrilled to have her family live in a good neighborhood with good schools. The pool is 3 months of the year. The nine months of good schools and good role models and the 3 months of wholesome recreation those 5 kids get out of this deal is the most important value to the society so generously providing this solution to our tenant's self-made problems.
Her voucher was reduced by Bush, essentially. The reduction is system wide, not specific to this property. We were at the max allowed, and so we had to drop to the new, lower max.
I didn't write up a new lease for the tenant when her old one expired March 31, because I was wary about how things are going. Thought I'd keep her on month to month.
Now, she wants a new lease so her kids can have pool passes. Makes sense. But, if I give her a full year's lease, and we just cannot keep this house, can I sell it to someone who wants to owner/occupy it, essentially kicking out the tenant?
My realtor says that even tho the real estate prices are falling like crazy, no investor could buy the unit at current prices.
Our tenant has been there 3+ years and would like to stay 5 more. I'd like her to stay, too, whether we own or not. But, I've not been able to find an investor.
My tenant has 5 kids and can't even keep a phone turned on. I'm sure there'll be no extra money available.
I think your advice to contact the housing office makes sense tho - surely there's a concern in the agency to keep these families stable. I had to laugh about the 'swim club community.'
We are thrilled to have her family live in a good neighborhood with good schools. The pool is 3 months of the year. The nine months of good schools and good role models and the 3 months of wholesome recreation those 5 kids get out of this deal is the most important value to the society so generously providing this solution to our tenant's self-made problems.
Her voucher was reduced by Bush, essentially. The reduction is system wide, not specific to this property. We were at the max allowed, and so we had to drop to the new, lower max.
A. We have had somewhat of a similar situation with our section 8 tenant- I think the govt has lowered their payment over the last 4-5 years, drastically, of what they will pay for a 3-4 bed house!
Anyhow, if you can show to your housing officer your new mortgage payment, and show them that your rate is going up, they will advise your tenant that she will have to pay a portion beyond the utilities- whatever the difference is in the mortgage and their current voucher amount. If they want to continue the swim community lifestyle, somebody's gonna have to pay, and it shouldn't be you.
Anyhow, if you can show to your housing officer your new mortgage payment, and show them that your rate is going up, they will advise your tenant that she will have to pay a portion beyond the utilities- whatever the difference is in the mortgage and their current voucher amount. If they want to continue the swim community lifestyle, somebody's gonna have to pay, and it shouldn't be you.
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