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General Landlording & Rental Properties

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Nicole Harrington
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Section 8 pros and cons

Nicole Harrington
Pro Member
Posted Jun 2 2022, 03:18

I am learning about section 8 renters. I know the government pays part of the rent and the renter has to qualify for it. So a guaranteed income from the government part. What about the tenant part? What do I need to know about the cons of going with a section 8 tenant? According to the current lender, the rent was never raised for 4 years. How hard is it to adjust the rent to the current market? Who decides how much to ask for rent? What if the tenant doesn't;t pay their part? is it more difficult to get them out bc of the government involvement? 

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