Real Estate Investing – Housing (Section Annual Review

Real Estate investing is a lot easier when you don’t need to run around the first of each month collection rent checks. Housing (Section allows you the ease of either receiving you rental check on the first of each month or having your check electronically deposited into your bank account.  As I’m noted for as cashflow Cindy; Housing provides cashflow to my rental units.    I bought my rental units to cashflow and cashflow they do!

However, by no means is this easy. Taking on a Section 8 tenant does require work on your part or your property management company from a landlord perspective.

Each year Housing (Section does require the tenant to have an annual review. The following is a list of items the tenant must present to their Housing Specialist. If the tenant does not provide the following information by a specified date then Section 8 will STOP payment of Section 8 tenants rent check. They instruct the Section 8 tenant the rent responsibility falls back on them.

Being a landlord; it is your responsibility to stay in contact with the tenant to confirm and instruct them if the following information is not provided by a specified date then their Housing Stops paying rent!

Assets – Current bank or investments statement

Income – Earned income, six to eight weeks of current check stubs; other income – a benefit noticed, bank statement or other available proof.

Expenses – Day Care – Receipt or statement from provider

Medical – 12 month printout from pharmacy or other medical provider, insurance premium notice

Copy of Federal 1040 Tax Return and Schedules

Housing (Section is a government funded program to assist people with their rent. In order to be approved for the program they are required to show a NEED to be on the program.

Section 8 Housing is work for the tenant and the landlord. However, if both parties work together it is a good program to assist families while they improved their financial situation.

Cashflow Cindy

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