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Updated 8 months ago on . Most recent reply

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Chris Mclaughlin
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Curious about section 8

Chris Mclaughlin
Posted

Can you describe your experience with section 8? I've read horror stories about some tenants and while I do believe there is some added risk with section 8 tenants, I feel the stigma is a bit overblown so curious to hear about some landlord experiences. 

How is the rent determined? I know there is the San Diego county housing authority payment standards guide based on zip code and # of bedrooms but those numbers are the maximum  subsidy amount. So as the landlord, how do you determine the fair amount to charge. 

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Remington Lyman
#5 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
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Remington Lyman
#5 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Chris Mclaughlin:

Can you describe your experience with section 8? I've read horror stories about some tenants and while I do believe there is some added risk with section 8 tenants, I feel the stigma is a bit overblown so curious to hear about some landlord experiences. 

How is the rent determined? I know there is the San Diego county housing authority payment standards guide based on zip code and # of bedrooms but those numbers are the maximum  subsidy amount. So as the landlord, how do you determine the fair amount to charge. 


 It comes down to the market you are in. I do section 8 in Columbus and it works well if you know how to use it. I would still screen your tenants the same and be strict with your requirements

  • Remington Lyman
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