Real estate companies that take section 8

I’m A Fan

Let me say at the start, as an investor, I am a fan of the Section 8 housing program.  We rent approximately 10% of the housing we manage to tenants who are getting assistance from Section 8.  (For a full description of what the Section 8 program is all about visit http://portal.hud.gov.)

A Section 8 Voucher Alone Does Not Qualify A Tenant

Section 8 will pay up to 100% of the approved monthly rent amount for a qualified applicant.  The money is direct deposited into our property management trust account on the first of every month.  This is, of course, a wonderful thing. However, an applicant with a Section 8 voucher does automatically get to rent through us.  Just like anyone else they must go through the application and screening process and many times we choose not to rent to them based on their past rental history, landlord references or criminal background.

Why It Works For Many Of Our Owners

Section 8 determines the maximum rent they will approve for a house based on the number of bedrooms it has.  In my experience, the Section 8 maximum rent guidelines are very fair but they often restrict tenants to lower-income neighborhoods.  No landlord that I know would rent to a family with a Section 8 voucher if the approved rent were less than market value. If you work in lower-income areas as we do however, the program has a lot to offer.

Having said that, some owners refuse to work with Section 8 on principle.  In exchange for regular rent over the term of the lease, the home has to meet their minimum standards for safety, functionality and security.  While the vast majority of our owners expect their properties to meet these minimum standards anyway, some simply don’t like being told what to do and when to do it.  

The Section 8 Inspection Process Can Be Aggravating

There are also some deviations among Section 8 inspectors.  Some inspectors are more ‘picky’ than others. This sometimes means additional repair requests are made that another inspector may not ask for.  The inconsistencies can be frustrating and a primary reason why some owners refuse to work with the program.  

It All Comes Back To Relationships

In our experience, like everything else in this business, it comes down to relationships.  We strive to develop positive and productive relationships with everyone who works at Section 8.  They know we respect the job they do and what it takes to do it, and they in turn respect what we do.  That is the key to success in the program.  

Care To Learn More?

Are you interested in diving deeper into your personal mindsets and motivations as a real estate investor?  Set aside 15 minutes and complete the Making Real Estate Work Mindset Scorecard.  You will get instant results and insights to your own personal view of the business you may not even be aware of.

For more information about The ROOST Landlord Advantage™ property management system, visit us at www.ManageWithROOST.com. 

At Black & Cherry Real Estate Group and Property Management we treat your home as our own. We will tailor our services to ensure that you have the highest level of satisfaction and profitability for your leasing and managing needs. Our aggressive Internet marketing campaigns generate hundreds of calls and inquiries every month from potential renters interested in our featured properties and leasing services.

7% Property Management- No Set up/ Marketing/ or Junk Fees! 

Lease Your Home Faster

With Forward-Thinking Marketing Techniques
We use the latest in technology, social media, and print marketing to ensure that your home has maximum marketing exposure and leases as quickly as possible. Text to call functions, optimized presences on Zillow/REALTOR.com/Trullia, premium placement in Homes Illustrated Magazine, online virtual tours, Facebook/Google Plus/blogging forums, unique niche and seasonal marketing and much more. Black & Cherry Real Estate is Section 8 approved and has exclusive relationships with local HR directors and relocation programs to place potential tenants. Additionally, we provide more PAID marketing than the competition.

Smooth & Efficient Property Management

To Make Your Life Easier
Managing thousands of homes means competent and proficient systems are a must. We use the latest in property management accounting software and are proactive in implementing paperless methods; ie: direct deposit, online tenant pay, electronic work order requests, online application processing, and digital statement delivery. NO HIDDEN FEES- Our costs are simple, reasonable, and always disclosed up front.

Procure Quality Tenants

Without Having to Pay More Money
Black & Cherry Real Estate Group has an in-house Rental Lead Team that works around the clock and is familiar with our internal management inventory to lease your home faster than others on the market- and its 100% FREE to you. We also allow tenants the opportunity to build their credit score by reporting on time rent payments. We believe that happy tenants equate to longer lease terms, pride of living, and an overall better management experience for everyone.

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Top 1% Management Companies in Las Vegas. Leasing & Managing Homes is What We Do! Call Now For a Free Price Evaluation!

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