Section 8 Update, More on Squatters, Tenant Screening
Southern Nevada Regional Housing Authority…..
generously presented at the 2017 Property Management Symposium in late July. Here is some useful info….
1-2 person, 1 BR voucher
3-4, 2 BR voucher
5-6, 3 BR voucher
In other words, 2 people per BR. This is the exact occupancy standard I maintain.
Payment Standards Effective 3/1/2017 (maximum)
Please note that all voucher holders must be employed. A percentage of their income is part of the rent payment algorithm.
Of all the data, I found this to be the most interesting: There are 11,000 voucher holders in Clark County. There is one (1) fraud investigator. Oh my….
Notaries to Stop Squatters
AB 161 was signed into law requiring owner-managed property leases to be notarized. Permitted property managers are exempt from this law. A squatter can no longer create a lease and pass it off as valid to law enforcement. Effective 10/2017
The name FICO comes from the company’s original name, the Fair Isaac Co. It was often shortened to FICO and finally became the company’s official name several years ago. I will not consider an applicant with a FICO score <625.