Section 8 Landlord

As a landlord, one of the biggest concerns is filling vacancies.

However, often the largest concern begins once you place a tenant into your property. Once he or she moves into your home, things are terrific. You start collecting rent, and your property is making you money. You're getting paid to hold onto your property until you decide to sell. Passive income is great, isn't it?

Then they start paying the rent later. Eventually, they stop paying you altogether. Your bills from the unit don't stop, but your payments from your tenants do. Later, you learn that someone lost his or her job, but they'll pay you. They were just going to pay you--really!

Luckily, this does not happen as often as you hear people complain. (A lot of people only tell you their bad stories. Those are more interesting. So the bad stories are LOUDER.)

Even so, it would be nice to have some protection against a renter suddenly stop sending you rent payments.

Enter the Section 8 Renter. Through the Housing Choice Voucher (HCV, often called Section 8) program, a tenant is subsidized most or all of his or her rent by the government. When you have a Section 8 renter in your home, you get the subsidized portion of the rent payment deposited directly to your account ON TIME, EVERY TIME.

This is a great program, but there are some stipulations. So you have to know what you are doing.

So what do you have to do differently to be able to rent to a Section 8 tenant?

Here is a summary of the major differences:

Property Application: You must apply to the city's Public Housing Authority (PHA) for your property to be able to accept a Section 8 Tenant.

Inspection: Each city has its own inspection to ensure that the property meets its building code. However, for any property accepting a Section 8 Tenant, it must also undergo an additional inspection called Housing Quality Standards (HQS) inspection. This is performed (a) prior to tenant move-in, (b) annually thereafter, and (c) randomly. This is done to protect the tenant against living in housing that is not decent, safe, and sanitary.

Tenant Application: The program requires an application only if you require everyone to complete one.

Rent Payer: Landlords of tenants receiving Section 8 housing may receive part of the rent payment from the tenant. The remainder of the approved rent amount (specified within the lease) will be covered by the Section 8 program.

Rent Level: Landlords of properties can charge anything they want that the tenant is willing to pay. For Section 8 tenants, however, the program places a limit of "rent reasonableness" based upon (a) the number of bedrooms and (b) the utilities included (or not) within that rent.

Property Damage: Either way, the tenant is responsible to for damage beyond the normal wear and tear. So there really is not any difference. Section 8 tenants, however, may not have anything to lose if you sue them for those damages, but they can lose their rent assistance.

Section 8 Pros helps landlords find quality tenants in the Detroit and the surrounding suburban area.

We know what it takes to get you property to pass local city inspections as well as Section 8 Housing Quality Standard (HQS) Inspections. Section 8 Pros has an extensive network; plus we have a proven marketing system. So your property will not remain vacant very long. We will screen your tenant thoroughly, even allowing you to make the final decision. So you maintain control.

Then get ready to collect the rent.

Click on the image, and visit the Section 8 Pros website for more information.

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