Tenanted two bedroom/one bathroom house on Stout Street in the neighborhood of Warrendale. It was recently painted and is well maintained by the tenant.
The tenant is a Section 8 beneficiary.
What is Section 8?
Consistent Rent Payment by the Government
Section 8 is a government program that has provided rental assistance to low-income families, the elderly, and the disabled since 1937. Tenants apply for the program, and if they meet certain requirements, they are granted a housing voucher from the U.S. Department of Housing and Urban Development. This voucher allows the tenant to look for rental units within a certain price range that are inspected and approved by the local Public Housing Authority.
The Public Housing Authority is responsible for paying the majority or all of the rent to the property owner or rental management company by check or direct debit each month. Renting to a Section 8 tenant, therefore, provides the advantage of receiving the rental payment consistently each month.
Section 8 tenants know that any violation of the terms of the lease agreement, including paying rent, could result in the loss of their Section 8 voucher. Therefore, they have a strong incentive to pay their portion of the rent each month.
: 911 Sq Ft
: 7619 Stout St
Est. Rent PCM
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ALL IN ONE SOLUTION
Our company is present throughout the process of remodeling and renting so we can offer our clients the confidence and security of really knowing the units we offer.
We can give them insight into the location of the property and the performance of the tenant before they buy.
Our clients then continue an already established relationship where we provide an all in one solution.
WHAT DO WE DO?
We offer our clients an attractive investment with a good return.
We find properties in the best areas of Detroit and at the best price.
We remodel the homes so they are ready to be rented.
We select the right screened tenant for the property.
We manage the rental unit.
We give online access to our owners to access their accounts.