Section 8 - PRO's & CON's List

[Brian Detlefsen]

I'm currently evaluating a 4-unit building and need to make a decision because all 4 renters are Section 8. I have heard pro's and con's to having section 8 renters. Some people love them, others hate them. I feel as though I'm not taking everything into consideration. Since I love lists, let's make a list of Section 8 PRO's & CON's.   I'll start.....

PRO's

Guaranteed on-time rents every month.

Higher rental rates (in some areas)

Annual inspections (to identify if tenant is abusing property)

CON's

Renters have a entitlement attitude.

High risk tenants that may damage your property.

Section 8 bureaucracy

[Thomas S.]

Pros:

Cons:

           Tenants rent not guaranteed and unreliable

           Annual inspections nit picking to find deficiencies

           Unauthorised low life family guests

           Unauthorised pets

           Entitlement attitude

           Higher level of management required

           Landlord in partnership with government