Get Guaranteed, Government-Sponsored Rent Through Section 8
Learn How In The Savvy REI Section 8 Online Course
The Housing Choice Voucher Program, also known as Section 8, is a federal government's program for helping low-income families, the disabled, and the elderly afford housing. Participants can choose housing that meets the requirements of the program and receive housing vouchers to help with their rental costs.
If you become part of the program, you not only get guaranteed rent—you also help the people who need it most live better lives. To become a part of the program, you need to meet certain criteria and handle the legal side of it: and I’ll show you exactly how.
Increased rental income: By tapping into government-subsidized programs, you can secure a reliable and consistent source of rental income, even in tough economic times.
Reduced vacancies: With government-subsidized programs, there is a high demand for affordable housing, which means you'll experience fewer vacancies and less downtime between tenants.
Guaranteed rent payments: Participating in government-subsidized programs like Section 8 means that you'll receive guaranteed rent payments from the government, even if your tenants face financial difficulties.
Long-term tenants: Section 8 tenants often stay in their homes for several years, providing landlords with more stability and predictable income.
Reduced turnover costs: Because Section 8 tenants tend to stay in their homes for longer periods, landlords can save money on turnover costs such as cleaning, repairs, and marketing expenses.
How to recognise good, low maintenance tenants to minimise headaches and turnover.
And so much more in the section “How to Landlord”.
Look At The Results Of The Section 8 Course Alumni
Take The Stress Of Collecting Rent Out Of The Picture.
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Questions? I have Answers...
Absolutely! Section 8 can pay up to 120% of fair market Rent.
Absolutely! Don't let the cost of living in expensive neighborhoods deter you from implementing this strategy. In fact, the benefits of participating in government-subsidized housing programs like Section 8 are even more pronounced in these areas.
For example, I recently got quoted $1620 for a 2 bedroom apartment in an "A/B" class neighborhood.
By participating in the Section 8 program, you could secure a reliable source of rental income that will cover a significant portion of the rent. This means you can charge market-rate rent and higher for your apartment while still enjoying the benefits of guaranteed rent payments and reduced vacancies.
And if you're worried about the numbers not making sense, don't be! There are practical strategies that you can use to modify your property and increase cash flow. For instance, you could add bedrooms or even units to your property to maximize your profits.
As a landlord, it's natural to be concerned about wear and tear on your property. However, with the right strategies in place, you can minimize damage and ensure that your rental property remains in top condition.
Screening for the right tenant is also key. By selecting tenants who have a good rental history and are responsible, you can minimize the risk of damage to your property. And when you combine this with our strategy for high rents, you should have more than enough cash flow to cover any wear and tear.
Of course, if a tenant does turn out to be a bad fit, there's no reason to keep them. You can dissolve the lease or evict them and start fresh with a new tenant. My course provides detailed information on both of these processes, so you'll know exactly what to do.
Overall, demand for affordable housing is so high that you don't need to keep bad tenants. With my strategies and advice, you can ensure that your rental property remains in top condition and that you have a reliable and consistent source of rental income.
Absolutely not! While it's natural to be concerned about getting paid on time, the Section 8 program is designed to ensure that both tenants and landlords are held accountable.
The housing authorities use payment terminations to make sure they get what they want, to keep tenants in line, and make sure landlords provide safe housing. For example, if a tenant doesn't hand in paperwork every other or every 3 years, they may put payments on hold to get the landlord's attention and incentivize them to force the tenant to submit paperwork. However, most tenants know the procedure, so this problem is rare.
If the tenant has violated the lease, the landlord can complain to the housing authority. The HA will terminate the tenant from the program if they don't comply, thus terminating your payment. However, if the tenant wants to stay on the program, and most of them do, they will comply. (I don't do this unless I have already filed for eviction) I go into more detail in the course.
Lastly, if the property isn't maintained and you fail inspection twice, they will terminate your payments. But don't worry - our course provides advice on finding good maintenance workers and passing inspections.
So, with the right strategies in place, you can rest assured that you'll receive your payments on time and that your tenants will comply with the rules and regulations of the program
Absolutely! While Section 8 is a popular program for landlords, there are many other government-subsidized programs that can provide a reliable source of rental income.
In fact, I have worked with many agencies over the years and am currently working with three. While most of my rentals are under the Section 8 program, I've found that working with other agencies can be beneficial in certain situations.
This course covers the pros and cons of other agencies, so you can make an informed decision about which programs are right for you.
Whether you're considering working with local housing authorities, state housing finance agencies, non profits, or other government-subsidized programs, our course has you covered.
Don't limit yourself to just one program - by exploring all of your options, you can maximize your profits and ensure a steady stream of rental income.
Great question! If your property manager doesn't accept Section 8 tenants, there are still plenty of options available to you.
First, if your property manager is doing a great job managing regular tenants, it's best to keep them in their zone of genius. Don't change anything if it's not broken!
However, if your property manager is not doing a good job or you have tenants not paying rent, it's time to find another manager - ideally one that works with Section 8 tenants. Our digital course on "How to Get Guaranteed Rent from Section 8 and Other Programs" provides you with the knowledge and tools to find and work with a property manager who is experienced with government-subsidized housing programs.
Alternatively, you could manage the properties yourself! It's not that bad, and you'd probably do a better job yourself once you've been taught in our buy and hold course.
And don't worry - our course provides you with all the information you need to successfully screen tenants and have continued success with the Section 8 program. With our guidance, you'll be able to ensure that your rental properties are in top condition and that you have a reliable source of rental income.
Don't let your property manager's policies hold you back from participating in government-subsidized housing programs.