St. Louis Section 8: Longer Tenancies, Rougher Turnovers

[James Wise]

St. Louis Section 8: Longer Tenancies, Rougher Turnovers

Section 8 tenants often stay longer than non-subsidized tenants, which can reduce the frequency of expensive turnovers. But in rougher rental neighborhoods, landlords still need to expect heavier wear and tear on their units. In this video, James Wise explains why long-term subsidized tenants can be valuable, why turnovers need to be kept to a minimum, and how investors should prepare their properties for the realities of lower-income rental markets.