In case you are wondering what section 8 (see wikipedia) is, it refers to Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f). This section governs housing subsidies and housing vouchers for tenants.
Locally one of the many things we do for our landlords is navigate the Section 8 system on their behalf to ensure them the many benefits of having Section 8 tenants rent their units. This saves our landlords time, money, and aggravation; while securing them consistent and guaranteed income. Before explaining all the amazing things we do, let me review why you want Section 8 tenants.
The benefits of Section 8 are clear, which is why we work so hard for our landlords to get and keep Section 8 tenants. Here is a run down of what we go through for our landlords.
Once a perspective tenant is approved for a Section 8 there is a good amount of paperwork that needs to be done. We do that for our landlords. This paper work needs to be delivered to the Section 8 office during normal business hours, which we also do for our landlords.
Once the paperwork is approved, an inspection is scheduled. These inspections are scheduled by the Section 8 inspector based on their schedule; not ours. They always come during normal business hours, and you have to be there. Well…our landlords don’t have to be there. They go about their normal day, while we fit the inspections into our schedule. If the unit passes the inspection, you can meet with the perspective tenant to sign the lease.
If the unit does not pass inspection, we will receive a letter in the mail a few days after the inspection with the list of items that need repaired. We then make all the needed repairs, and call to schedule a new inspection. This part of the process is vitally important. From the time the initial paperwork is turned in, you only have 30 days to get an approved inspection. After that the tenant is issued a new voucher, and they can go look at other units.
Luckily for our landlords, we have been through so many Section 8 inspections that we know the drill by heart. They check everything; every light, every outlet, every screen. We know that and we are prepared. Once we secure the Section 8 tenant, we do everything we can to keep that tenant happy and living in the unit. We go through new inspections every year with the Section 8 inspector.
Section 8 is a valuable resource for landlords, and being able to quickly and effectively close deals with perspective Section 8 tenants is the key to making the most with Section 8. We know all the ins and outs of the system, and we use that knowledge to provide our landlords with security and full units.
When is section 8 not good? Are there reasons not to use section 8?
We have talked about section 8 benefits and how we can help place a section 8 tenant and take care of the administrative burden. However section 8 is not for every house. There are several issues with CMHA
Many landlords worry that a section 8 tenant will destroy their property. Generally the area a property is in dictates the tenants that apply just as much as whether it is section 8 or not. We can screen section 8 tenants the same as every other tenant and the section 8 programs themselves police destructive tenants and they can lose their voucher for for destroying properties they rent.
About Realty Trust Services
Realty Trust Services is a licensed brokerage and property management company in based out of Lorain County with a service area from Sandusky to Cleveland Heights to Medina. Their team includes: Agents, Christopher Obrycki, Andrew Morris, Shanon Jones- Plas, Kari Taylor, Matthew Klein, Julie Musial and our other unlicensed team members including Steven Taylor, Bill Taylor, Greg Zadorozny, Kris Mrazik, Joyce Thomson, Matthew Harkins and David Stevoff. For more information on Realty Trust Services and how they can help with your property call 440-220-7300.