Attention Real Estate Investors! Part 3
Attention Real Estate Investors! Part 3- Rachel Pugia |
Hello, I'm Rachel from Top Tier Professionals at Acquire Homes, and I'm here to provide updates on recent changes in rental property laws that may impact property owners. Key changes include a shift in income requirements from three times the rent to two times the rent, while Section 8 housing or government assistance recipients are no longer assessed based on credit but on rental references and income. Additionally, criminal convictions older than seven years cannot be considered in rental applications. These legal adjustments are essential for property owners to understand as we adapt our screening criteria to ensure compliance.
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