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Updated almost 6 years ago on . Most recent reply

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Jason Lam
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Section 8 for first rental

Jason Lam
Posted

Hi,

I am looking at starting my rental journey and I found a home that meets my criteria in OKC area, however the current tenant is on month to month Section 8 housing.  Is this something I should steer clear from? If not what information should I get to ensure this is a good tenant? 

Thanks,
Jason

Most Popular Reply

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I have a few S8 tenants, I'm 100% perfectly fine with it. In fact in my area certain houses have a higher than market rate for rentals so section 8 produces more income for me. 

You can still screen tenants the same way you normally would. There is very little difference between renting a section 8 home, in fact the biggest difference is that your checks are guaranteed when you have a S8 tenant. 

the downsides to S8 are highly overrated and in my experience perpetrated by those with a chip on their shoulder about low income people. 

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