If your units are mediocre, hard to fill, and you are not expecting their values to appreciate, the Section 8 program is OK. You can get a range of tenant types, from the hard-working-but-low-income family, to the real losers. The regularity of the monthly gov’t check and the long-term, uncomplaining nature of the good tenants can be great. Problem is, if you get a loser, the gov’t makes it hard to get rid of them. The bureaucracy you have to work with is frustrating, and the annual inspections nit-picking little items is insulting.
You can pick and chose your Section 8 tenants carefully and do OK. Also, the S. 8 rents can often be above market rents, esp. because the gov foolishly puts units into a category based on #of bedrooms and (I think), # bathrooms. So if you have unusually small BRs or are in a rough neighborhood, you can game the system and extract higher than market rents.
Some landlords swear by Section 8. But it is not a plus when trying to sell, as it may put a damper on your value.
How much freedom do I have to choose my tenants? Lets say I had a friend who was not first on the list but I knew would be a good tenant? Can I choose that individual?
How much freedom do I have to choose my tenants? Lets say I had a friend who was not first on the list but I knew would be a good tenant? Can I choose that individual?
How much freedom do I have to choose my tenants? Lets say I had a friend who was not first on the list but I knew would be a good tenant? Can I choose that individual?
How much freedom do I have to choose my tenants? Lets say I had a friend who was not first on the list but I knew would be a good tenant? Can I choose that individual?
How much freedom do I have to choose my tenants? Lets say I had a friend who was not first on the list but I knew would be a good tenant? Can I choose that individual?
I think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.
I think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.
I think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.
I think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.
I think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.
I can’t think of anything positive about being a section 8 landlord. Maybe I should give you the phone number of a realtor buddy of mine who does PM for section 8 rentals…LOL
I can’t think of anything positive about being a section 8 landlord. Maybe I should give you the phone number of a realtor buddy of mine who does PM for section 8 rentals…LOL
I can’t think of anything positive about being a section 8 landlord. Maybe I should give you the phone number of a realtor buddy of mine who does PM for section 8 rentals…LOL
I can’t think of anything positive about being a section 8 landlord. Maybe I should give you the phone number of a realtor buddy of mine who does PM for section 8 rentals…LOL
