As many of you already know or have seen , algorithms already know your an investor so you keep seeing content of the is topic. My question is relative to section 8 it seems like all pros since the gov pretty much guarantees rent every month so what can be the cons. Obv it's lower income people/families and possibly "worse" areas.
i am looking for your experience or feedback on this topic as i feel I might be putting my self in more risk based off the situation that the tenants may be higher maintenance.
A lot of the concern people have about tenant quality really comes down to screening and location. It’s less about the program itself and more about the specific property and neighborhood you buy in. If you purchase in a stable area, screen properly, and budget realistically for maintenance, it can perform just like any other rental strategy.
Section 8 can absolutely work, but it really comes down to how you approach it.
A lot of the concern people have about tenant quality really comes down to screening and location. It’s less about the program itself and more about the specific property and neighborhood you buy in. If you purchase in a stable area, screen properly, and budget realistically for maintenance, it can perform just like any other rental strategy.
Section 8 can absolutely work, but it really comes down to how you approach it.
As many of you already know or have seen , algorithms already know your an investor so you keep seeing content of the is topic. My question is relative to section 8 it seems like all pros since the gov pretty much guarantees rent every month so what can be the cons. Obv it's lower income people/families and possibly "worse" areas.
i am looking for your experience or feedback on this topic as i feel I might be putting my self in more risk based off the situation that the tenants may be higher maintenance.
thanks
Did you try the "Search" feature here on BiggerPockets?
This topic has been "beat to death", so I'm sure you can find your answer with a little bit of effort:)
Some of the bigger issues I've seen have to do with tenant care for the property and overall cleanliness. It's generally true that when something is given to you without any effort on your end, you value it less - the same is true for housing. People who pay for their own rent tend to treat a property better, not always, but generally.