A question every property owner must answer: DC subsidized housing - is it worth the risk? If you do not understand the system, then you are unable to make an informed decision. You may not choose to hire a property manager, but speaking with one can arm you with the right answers.
What is subsidized housing?
Housing Choice Voucher Program (HCVP) - formerly Section 8 – provides housing vouchers for low-income families, the elderly, and disabled in Washington, DC. The amount of the vouchers is determined by their adjusted monthly income. The potential tenant is able to choose their own housing and, either, have the voucher cover the cost or they may pay the difference.
A DC property management company can help make this difficult decision easier to understand, and increase your occupancy. If you have specific questions about the subsidized housing in DC, you can email us, RM Properties, at info@rmprop.com.