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Updated over 10 years ago on . Most recent reply

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John LaPaille
  • Real Estate Entrepreneur
  • Ocala, FL
0
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3
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section 8 housing

John LaPaille
  • Real Estate Entrepreneur
  • Ocala, FL
Posted

looking at a quad, section 8, good cash flow, but worried about the inherent risks with low income housing, tenants, etc.  recommendations ( I am new)

Most Popular Reply

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Rick Stein
  • Investor
  • Austin, TX
181
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248
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Rick Stein
  • Investor
  • Austin, TX
Replied

I don't know which state you are in. I can only speak for New Jersey. I have been a landlord for over twenty years and I love Section 8 tenants. Just because they are low income does not mean they are not responsible. I have had some section 8 tenants for years. They take care of the home and pay their portion of the rent on time. Of course, you must screen them as you would screen anybody else. True, the process takes longer because Section 8 must perform their inspection, but I know that I will get a check from the state around the 1st of the month, every month and on time. It is a beautiful thing!

  • Rick Stein
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