How to Become a HUD Landlord

Apartment Building

A person who receives section 8 vouchers from the Department of Housing and Urban Development (HUD) is receiving government assistance for rental costs. The assistance is paid directly to the landlord. The following tips will help rental property owners apply for participation in the HUD program.

Things You'll Need

• Rental property

Instructions

1. Visit the housing authority in your area (see resource link below). They will provide you with the appropriate paperwork.

2. Fill out the required paperwork. You will be asked questions such as the number of rental properties you own and what you charge for rent. The housing authority will use your answers when determining if your properties are a good for for the program.

3. You will be able to draw in additional potential tenants by publicly advertising your listings as accepting section 8 vouchers. Some advertising ideas include newspapers, flyers, or websites such as rent.com. Some real estate agents will also list rentals for a fee.

4. There may be times when a tenants government assistance doesn't match the required rent amount. In these cases, the tenant should pay the balance of the rent according to a signed lease. A lease should be drafted and signed even when the tenant will not be paying rent out of pocket.

Resources

• HUD Agencies
• View More of my Articles!
• Become a HUD Landlord