I was wondering if someone can help me out with this situation. A new tenant whose rent (all of it) will be paid by the Section 8 would like to pay the deposit only, but not the first and last months rent that I require, is that okay since the rent will be paid by the Section 8.
It should be fine…the government is guaranteeing you payment. Your rental income is relatively secure…and you will have the security deposit from the tenant for damages, abnormal cleaning, etc.
Keith
Thank you so much Keith. By the way, in Section 8, what is done first, the lease or the inspection. Can you help me out with how things happen in the order?
I don’t do Section 8 myself…the renter pool here is vast since the hurricanes! It was strong before but is outta control now.
I would call the Section 8 Office and get the information 'from the horse’s mouth.
Keith
The inspections happens first, but you can do the lease the same day if you pass inspection.