PUSSH Scores

IMG_CreditScore

PUSSH Scores Versus Beacon Scores for Section 8 Tenants

PUSSH – Preapproved Underwritten Standard for Subsidized Housing Recipients is a simple algorithm that scores subsidized housing recipients based on their responses to uniquely crafted prescreening questions with scores ranging from 300 to 850 similar to Beacon scores. Rental history carries the most weight in this arena because ability to pay is not as much of a factor since a large portion of the rent is subsidized.

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here are conditions unique to Section 8 recipients 
which make it unfair to apply the standard tenant selection criteria because it may automatically disqualify the majority of that tenant population. Because of this, many unfamiliar Landlords and Realtors miss the mark and miss out on the opportunity to obtain an upstanding tenant at or above fair market rents.

                     PUSSH Scoring allows Landlords and Realtors to quickly make an informed decision with regards to renting to Section 8 recipients AND helps them to steer clear of fair housing violations.
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few key questions unique to this population are …

  • How many bedrooms are allowed on your voucher?
  • How many years of verifiable rental history do you have?
  • Are you able to get a letter of reference from your current Landlord? Have you ever been evicted?
  • What is your CURRENT portion of rent?  For example, if the total rent is $1,000 and $900 is subsidized then MY PORTION OF THE RENT IS $100.
  • What’s the name of the program or housing agency providing the security deposit assistance? What about the monthly subsidy?

 

About the author …

  1. Landlord for 16 years
  2. Real estate broker for 15 yearsFacebook image
  3. Vice chairman of the Section 8’s DC Housing Provider’s Association for 5 years
  4. Founder of DCLUM, DC Landlord Unity Movement and Chairmain for 3 years
  5. Managing Partner of Housing & Urban Management dba HUM, a property management company, for 8 years – offering Property Management Plans for $35, $55 and $75 per month
  6. Inventor of PUSSH Scoring criteria which makes fair housing accessible for subsidized housing recipients
Michael T. Kornegay

Under the Bus #1

UnderBusLandlords must unite …

Landlords must unite, create leverage THEN become equal or valued partners or accept their place UNDER THE BUS!

See email sent to executive directors at housing agencies in the District of Columbia setting up the framework for a candid dialogue and mutually beneficial partnerships …
 

 
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any Landlords are in the dark…
when it comes to business infrastructure, fair housing rules and regulations, landlord and tenant laws, project management and other pertinent skills required for effecting landlording. This in conjunction with the fact that there are many extremely savvy Tenants with bad intentions (and what appears to be inexhaustible FREE resources) being purported as victims.

There are plenty of success stories with the partnership between Landlords, Tenants and Housing Agencies; however, when issues arise the partnership collapses THEN …

         

               the Housing Agencies have to continue to field requests for help and pat the unsavvy Landlords on the back with the left hand while taking action against the same Landlords with the right hand.

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his is not just the opinion of the author. It appears to be the consensus amongst many Landlords who feel that they have been in the trenches with “Section 8” and now they’ll pass on all similar programs. This negative publicity may create a spike in the housing crisis if not checked.

About the author …

  1. Landlord for 16 years
  2. Real estate broker for 15 yearsFacebook image
  3. Vice chairman of the Section 8’s DC Housing Provider’s Association for 5 years
  4. Founder of DCLUM, DC Landlord Unity Movement and Chairmain for 3 years
  5. Managing Partner of Housing & Urban Management dba HUM, a property management company, for 8 years – offering Property Management Plans for $35, $55 and $75 per month
  6. Inventor of PUSSH Scoring criteria which makes fair housing accessible for subsidized housing recipients
Michael T. Kornegay