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[quote=Anonymous][quote=Anonymous]We have a rental property and have never had anyone with housing vouchers inquire about it in years past. This year, we've had two interested parties who are on housing vouchers. I frankly don't care about where the $ comes from (plus - that would be descrimination). I'm more interested in is how long the process to get approved by the housing authority? Anything I should know about the process? Our property is in decent shape (but not fancy), so we should pass the inspection ok. The rental is in VA if that matters. [/quote]

In DC the approval process takes a month. The move out process took a month too, and we ended up with an extra month rent at the end, which offset the one we lost during lease-up.

The great thing about section 8 is that you get almost all the money direct deposit (the city portion). Usually the tenant is required to pay 30% of own income to landlord and HCVP pays the difference to equal the rent amount. I ran into problems a few years ago with an inherited tenant who had utilities included and ran up huge heating bills. IME it is not worth it to do utilities included.[/quote]

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