Should Boston Landlords Rent to Section 8 Tenants?
Should Boston landlords rent their properties to Section 8 tenants? Section 8 tenants get a bad rap in Boston, Massachusetts. A lot of Boston landlords think Section 8 tenants are the worst. However, there are a lot of times when renting your property out to a Section 8 tenant makes a lot more sense than renting it out to a tenant who doesn't have Section 8. When your rental property is located in a low quality area, a high crime area, or a low income area, it makes the most sense to rent your property out to Section 8 tenants because they pose a lower level of risk than the typical cash paying tenants in that area do. Cash paying tenants in these areas tend to need to be evicted often because their income isn't consistent and they often stop paying the rent. However, when your rental property is in an area of town that attracts a higher quality of tenant who has a lower risk profile than the tenants in the low quality areas do, it doesn't make any sense to rent your property out to a Section 8 tenant, because Section 8 tenants are generally more abusive to your rental property than high quality cash paying tenants are. Tune in to HoltonWiseTV for more tips on making money investing in Section 8 rental properties in the Boston real estate market.
Should Boston Landlords Rent to Section 8 Tenants? | HoltonWiseTV Highlights
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