Saturday, October 23, 2010

STEPS TO GET INTO THE SECTION 8 HOUSING REAL ESTATE BUSINESS

1. Contact your local redevelopment and housing authority and complete an application. Answer the representative's questions about the property, such as square footage, neighborhood and monthly payments.
Link to the States
Choose the state you want and then Click On: "Contact My Local Office"


2. Schedule an inspection, and make sure the property is in good condition and free of safety hazards.

3. Advertise for tenants in the local office's database and in the local classified ads. Include “renter’s assistance” or “RA” in the classified ad.
Link to Fair Market Rent Click on "Click here for Final FY2011 FMR Documentation"
Link to: www.gosection8.com/

4. Interview and choose your tenants.
5. Negotiate an affordable rent payment to be split between the tenant and the housing authority

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