Re: HUDSection 8 ???.. - Posted by Byron
Posted by Byron on November 24, 2000 at 17:53:57:
While you will need to understand Section 8 rules and requirements. If you have a property ready to rent you can run an ad in your local newspaper. I’m located in Chicago and the company that administers the Section 8 program in Cook Country actally produced a Video outlining requirements to pass an inspection. Basically the process is to run an ad, find a tenant that is under the section 8 program and is qualifed for the number of bedrooms in your unit. Thaey can be qualifed for more and settle for less, but if they’re qualified for only 2 bedrooms and your apartment/house is 4 bedrooms, section 8 will only pay based on the number of bedrooms the tenant is approved for. The tenant should have what the call locally “moving papers” which you as the landlord must complete,the tenant signs and returns to section 8. A inspection is scheduled and when your unit passes you neoigate the rent. Once you are agreed on the rent the next and final step is the lease.
I’ve tried to make this as brief as possible and if you have any questions I’d be happy to try and answer them.