Gov't housing (by Stephanie [WI]) Nov 19, 2008 1:52 PM|
Gov't housing (by Cheryl [CT]) Nov 19, 2008 2:00 PM
Gov't housing (by Stephanie [WI]) Nov 19, 2008 2:06 PM
Gov't housing (by MrRational [MD]) Nov 19, 2008 3:07 PM
Gov't housing (by Robert,Ontario,Canada [ON]) Nov 19, 2008 5:42 PM
Gov't housing (by OrEGone [OR]) Nov 19, 2008 7:32 PM
Gov't housing (by billy button [MA]) Nov 20, 2008 7:27 AM
Gov't housing (by Lynda [TX]) Nov 20, 2008 10:19 AM
Gov't housing (by Stephanie [WI]) Posted on: Nov 19, 2008 1:52 PM
State Specific Question About: WISCONSIN (WI)
I am looking for some pros and cons to renting to a tenant that qualifies and using gov't housing subsidizations. What does that mean to me as a landlord? Are there extra things I need to do for having a tenant as such? --71.6.xx.xxx
Gov't housing (by Cheryl [CT]) Posted on: Nov 19, 2008 2:00 PM
Are you talking about section 8? If so, you need to thoroughly screen the tenants and you need to have the unit inspected by their inspector to have it approved. They will not allow a tenant to move into a unit that hasn't passed. The tenant pays a portion of the rent based on their income, the balance is paid by section 8. These units must be inspected annually to maintain compliance to their standards. Initially you also need to do a year lease.
I've had good luck with section 8 but my units are not upscale. Others on this site won't touch section 8 and they can chime in with their reasons. --68.9.xxx.xxx
Gov't housing (by Stephanie [WI]) Posted on: Nov 19, 2008 2:06 PM
Our unit is not that upscale either. It was built in the 70's. We have maintened it when we've needed to....but have never had a lot of cash to remodel a whole lot. --71.6.xx.xxx
Gov't housing (by MrRational [MD]) Posted on: Nov 19, 2008 3:07 PM
The common theme of success as a section 8 LL seems to be how in touch with reality the case worker types at the local housing office are.
Find out who is who and chat with them. If you can't do this... take that as fair notice of what the future will hold for you.
As to the inspection... it is akin to an FHA inspection if you were selling the house.
As to this specific applicant... the procedural hoop jumping required to get all sorted out will probably take longer than you would like or be convenient.
Good luck. --96.244.xx.xxx
Gov't housing (by Robert,Ontario,Canada [ON]) Posted on: Nov 19, 2008 5:42 PM
In one apartment building have five rental units which are receiving a government subsidy. A vacancy is the lesser of evils but one is going to get a tenant who is on government assistance or employed where part of the wage is government subsidized. If had the choice where the vacancy rate was lower would not have not have subsidy rental units. Since the apartment building is legal conforming not a ramshackle house with illegal rental units then one can qualify for the subsidy rental units. One has to dot the i and cross the t with the paperwork with government officials. Here the government has a large number of housing authority rental units. The number of rental units with the private for profit landlords is very limited. Finally if one wants to be well informed about running rental apartment buildings it is very worthwhile to belong to a few landlords associations where one gains local knowledge. The cost of belonging is outweighted by the important knowledge one gains. A member of two landlords associations. --206.172.xx.xx
Gov't housing (by OrEGone [OR]) Posted on: Nov 19, 2008 7:32 PM
If they are on suc8 already and are looking it means they've been asked to move out of where they are.
Suc8 tenants will fight eviction until you give up and let them go willingly. Thus they have no eviction on record and the current landlord won't tell you the truth. neither will the Housing Authority. --24.21.xx.xxx
Gov't housing (by billy button [MA]) Posted on: Nov 20, 2008 7:27 AM
i dont like s8 and try to avoid it.if u try to evict they get a free atty to fight u and free appeal.lots of them are bums.a few are ok and u have to screen very carefully if u are going to try this.be sure Housing Authority is reasonable to landlords.many are not.a few experienced guys here do it successfully but we see many novices get in serious trouble.u have been warned! --208.58.x.xx
Gov't housing (by Lynda [TX]) Posted on: Nov 20, 2008 10:19 AM
Stephanie, If you are asking the question, I doubt whether you have enough experience YET to deal with all the BAD that comes with joining the housing subsity system. Lets atart with some round figures to give you the idea. The Section-8 housing program is a very badly run program in about 90% of everywhere it operates. The horrors of the system can include pro-tenant/anti-LL policies, sadistic inspectors, incompetent office workers; no one answers the telephone, returns your calls, your paperwork get lost, your payments get cut off. Everything that can happen--does happen eventually. To avoid the above, you would have to be one of the lucky ones that has a Hsg Authority in the good 10%
Then there is the tenant pool! These people are by far the bottom of the barrel, often "professional tenants" with the lowest standards of cleanliness and ZERO respect for your property. They know every way to make you suffer(complain to the Hsg Auth and get your payment stopped, call the health Dept on you after they have made the problem), never pay you their portion, never obey the rules, have vicious fights with police called to your property, etc etc.
Then there is the court system! If you are in a tenant friendly city or county--too bad for you. The Sec-8 tenant will be able to get a free lawyer--you'll have to pay, the tenant will get advice from the bailif on how to get the judge EXTEND their time in your property, and the judge can side with the tenant's story and even use his power as a judge to decide against you receivingyour due rent and expenses evern tho you have a signed contract.
Not all this happens to everyone all the time. But enough happens to enough LLs a lot of the time. And when it happens--you are just helpless, and its a living he11.
So if you want to take the chance, if you want to see if YOUR Hsg Office is one of the good ones, if you have a lot of extra money for repairs and court costs, and you feel lucky--go for it. Otherwise use your best efforts to find a regular tenant wher YOU can be in control. --140.140.xx.x