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  • rvi
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what is section 8

Can someone explain about section 8.Iam trying to rent out my house first time .Any advice

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January 25 2008 - US
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rvi,

 

Take a look at this link which will outline the fundamental details and then you can go online and visit some of the websites

http://en.wikipedia.org/wiki/Section_8_(housing)

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January 25 2008
Profile picture for Bette Defarm
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January 25 2008
Profile picture for Bette Defarm

LOL crosspost for the same article :)

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January 25 2008
Profile picture for jdroberts1974

Section 8 is a county government assisstance program to help individuals and family pay for their rent.  Unfortunately, Section 8 renters have been notorious for being renters who skip out or who continously are evicted.  One positive of Section 8 is that your rent payments (full or partial depending on the situation) come directly from the county and so you know that portion of the rent is guaranteed to come and on time.  I can go on and on about Section 8....

 

Hope this helps.

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January 25 2008
Profile picture for rpguy

Federally funded housing subsidies for low-income families, in a nutshell. Basically, it's administered by HUD in conjunction with local PHAs (public housing authorities). I found a pretty good outline but it applies specifically to NYC (first link, below). Regardless, it should give you the basic concept. You can also look at the official HUD site (second link, below).

 

http://www.nyc.gov/html/hpd/html/tenants/section_8.shtml

 

http://www.hud.gov/

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January 25 2008

except Bette, I don't know how to do that link thing that you know how to do!

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January 25 2008
Profile picture for melanie777
rvi: why are you askign about section 8 if you are trying to rent out your own property?

another good link

"What is Section 8?

Section 8, or the Housing Choice Voucher Program, is a Federal housing program which provides housing assistance to low-income renters and homeowners. This assistance comes in the form of rental subsidies, limiting the monthly rent payment of the assistance recipient."
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January 25 2008
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January 25 2008
Profile picture for Bette Defarm

Your browser may not support the extra features which appear directly above the message box. If you can see it, it's the sixth icon from the left. You just drop the url in the line provided and name it.

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January 25 2008

Wow! Never noticed THAT. Okay should be able to fix things in the future!

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January 25 2008
Profile picture for dunmoved

rvi - if you are trying to rent your house out and have never done so before, PLEASE use a reputable property management company.  It is well worth whatever they charge to let the experts handle it.  I don't know what the going rate is now but back in the day, it was 10% of the monthly rent for the property management to take care of all maintenance calls, collecting the rent, preparing the tax statements, etc. etc.  plus a half-month's rent to advertise, screen, and prepare all the lease documents.  You are going to save yourself a major headache if you let someone who already knows the answers to all your questions deal with it.  I was a property manager for 16 years and you wouldn't BELIEVE the things I've seen, the excuses I've heard, and the headaches I've had!

 

 

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January 25 2008
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  • rvi
  • Contributions:17

Thanks guys. That was really hepfull

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January 25 2008
Profile picture for hial2

 

 Section 8 is what 1/2 the people who are selling their home would qualify for if they were in the armed forces..

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January 25 2008
Profile picture for AliKat0526

I have rented my house out to section 8 families for the last 7 years.  I haven't had any problems.  I do have a property manager.

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January 25 2008

I hear it's right between 7 and 9 !

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January 25 2008
Profile picture for 2 Big 2 Fail

Ask the renters on the Dark side.  They have first hand knowledge of Section 8. 

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January 25 2008
Profile picture for melanie777
Alpine, it took you four hours to respond to a question about section 8 housing and THATS the best you can come up with?

losing. your. touch.
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January 25 2008

hial, I wish I could figure out the tone of your post!

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January 26 2008

or wait ... is that where they keep the alien's ?

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January 26 2008
 
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