The U.S has a shortage of affordable housing, and the problem is only getting worse. This means that individuals who rely on Section 8 vouchers to secure housing have a hard time finding properties that will accept them.
For this reason, many real estate investors and entrepreneurs like Mr. Hieu Nguyen wants landlords to take advantage of the benefits that come with the Section 8 program to help those in need find homes and reduce homelessness in their community.
Hieu Nguyen is an expert in the Section 8 rental business, and his story of success begins back in 2001. Armed with ambition but lacking clear information on how to navigate the process as a landlord, he saw a need that needed filling – so he set out to create Hellosection8.com!
After experimenting extensively since then and learning all he could about this profitable program’s workings, Hieu now offers comprehensive assistance for both landlords looking to benefit from Section 8 rentals and renters searching for such properties around Phoenix Arizona – making it easier than ever before for everyone involved.
Let’s understand more about what this Section 8 is and how this is beneficial for landlords.
What is Section 8?
Section 8 is a government-funded housing assistance program designed to help low-income families find quality rental housing they can afford. Under this program, eligible households receive assistance in the form of vouchers which can be used to pay for part or all of their rent each month. Landlords who accept Section 8 tenants benefit from having a reliable source of income from rent payments being made directly from the U.S Department of Housing and Urban Development (HUD).
Benefits for Landlords
There are several reasons why landlords should consider taking on section 8 tenants. First, there are financial incentives such as tax credits and higher rents for accommodating section 8 voucher holders than other renters with similar credit scores or incomes.
Additionally, many HUD-approved landlords report high levels of satisfaction with their tenants as well as an overall decrease in tenant turnover rates because voucher holders are more likely to remain in one place for longer periods of time due to the stability provided by their voucher assistance. Finally, by accepting section 8 tenants you’ll be doing your part to help reduce homelessness in your community which is something that everyone should strive for!
Conclusion
There are ample benefits associated with the section 8 properties; especially when it comes to reducing homelessness and providing stability to those most in need of it.
If you’re looking to add some extra income while also helping out your community then becoming a HUD-approved landlord may be the perfect option for you! Mr Hieu Nguyen encourages all landlords looking for extra income and wanting to do good at the same time – consider embracing Section 8 tenants today!