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Updated over 17 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Los Angeles, CA
0
Votes |
50
Posts

section 8

Account Closed
  • Real Estate Investor
  • Los Angeles, CA
Posted

Hello guys,
What do you think about idea rent apartment to section 8 people?
What is advantages and disadvantages?
Thanks.

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Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
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Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
Replied

I've dealt with tenants on state aid and have resulted in good experiences.

I wouldn't necessarily say that a Section 8 tenant is any better or worse than a regular tenant. Every tenant has their downfalls.

In my opinion, getting the rent every month is definitely a perk. Plus, you have the backing of their case worker in the event terms of the lease aren't being met. You do have some leverage because the tenant fears loosing their voucher if they don't comply with the lease. But, on the other hand, if you harp on them all the time, they'll leave as soon as their one year obligation is up.

I've found if you treat them just like any other tenant (with dignity and respect), you will have very minimal problems.

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