Section 8 investing means renting property to tenants who hold federal Housing Choice Vouchers, with a substantial portion of the rent paid directly by the government to the landlord.
Log in to followRunning numbers on a four unit where three doors would go to vouchers. Payment standard in that submarket lands around 1,240 for a two bed. Market rent on the same unit, from comp…
Working through an underwriting problem on a 12-unit that a seller describes as 70 percent voucher occupied. Contract rents average 1,180, HAP portion averages 790 of that, so rou…
I'm about six months from buying one small rental and I don't want a second job out of it. Two things pulling at me. The voucher case: a big slice of the rent comes from the housi…
I've got seven doors, mostly small stuff I bought and fixed over the last three years, and two of them are killing me on turnover. One has had four tenants in 26 months. Every tur…
Building out services for small landlords and voucher compliance keeps coming up as something people say they'd pay for, so I'm trying to price it honestly rather than guess. Two…
I'm planning a first purchase and I've narrowed to two single family houses, both around 1,100 square feet, both older. Section 8 keeps coming up as the steady option and the paym…
I handle lease-ups and turns for a handful of owners with voucher units, and the request amount is where I get overruled most often. Two defensible strategies and I've watched bot…
Went through the paperwork packet for a unit I'm looking at and the tenancy addendum has a line saying that in case of conflict between the addendum and the lease, the addendum co…
The owner whose turnovers and listing photos I handle sent me the payment standard sheet from the housing authority with "1720" circled in pen. Her 3 bed townhouse has been vacant…
I own one small rental and I'd rather not add a second job to my week. A friend told me Section 8 units are actually less work than market rate because the rent shows up on its ow…
I own nine doors, five of them on vouchers, and all five sit inside a single authority's jurisdiction. That was accidental at first and then it started to look like a feature. One…
Talked to the housing authority about a unit I'm finishing and the sequencing seems designed to put all the risk on me. They won't schedule an inspection until the unit's ready an…
Looking at buying a performing seller-financed note secured by a 6 unit walkup in a mid-size rust belt city. $340k unpaid balance, 8%, 20 year amortization with 14 years left, pay…
I've been reading three different sources on a market I'm underwriting and they use three numbers as if they're the same thing. One quotes a fair market rent of $1,300 for a two-b…
3 bed 1 bath in a small town, $118,000, roof has maybe three or four years left. At the walkthrough the seller mentioned the tenant has a Housing Choice Voucher, has been there fo…
Two-bed unit in a small portfolio, payment standard for the bedroom size is $1,450, market for the same floor plan across the street is around $1,500. I submitted at $1,400 and th…
A landlord I do turnover cleaning for failed her voucher inspection twice on the same unit. First visit it was a missing outlet cover plate and a loose stair rail. Second visit th…
First rental closes in three weeks and I've been writing my screening criteria down so I apply the same ones to everybody. The income rule I drafted is three times the rent in ver…
First inspection on my duplex came back with six items. Missing GFCI in the kitchen, a loose handrail, a torn window screen, a cracked outlet cover, a bathroom exhaust fan that ra…
My usual seat is on the capital side, so this is an income stream to me rather than something I'd manage. What's tripping me up is the rent split. What I understood: government pa…