Pros and cons of section 8 tenants: Chicago

[Michael Johnson]

Hi Everyone,

I just listed my vacant unit on Zillow and it’s my first time screening tenants. So far 80% of the people who have inquired are section 8 and ask if I accept vouchers. I did some light research and I know there is an inspection you need to pass. I like how you get paid on time every month from the voucher but what are your general thoughts on renting to section 8 tenants ? I’ve heard some take better care of the unit because they don’t want to lose the voucher if there are issues but have also heard the opposite. That because they are receiving a subsidy that they take worse care of the property. Thanks!

[Mark Ainley]

@Michael Johnson This is a good question and you do open yourself to a wide variety of opinions here.  CHA (Chicago housing Authority) is tough in itself to do business with.  I will DM you a recent round table that we did that takes you through alot of the ins and outs as it pertains to being a section 8 landlord in Chicago.  A lot of the answer to your question lies in being able to understand and maneuver the program to be most effective.