Updated over 6 years ago on . Most recent reply
Section 8, Scary or Not
Looking at a four-plex that all four are currently section 8. The numbers look good, two the tenants have been long term, two new ones.
At first look the section 8 looks like no big deal, should I be worried by this?
Most Popular Reply
@Eric Peters
I cater directly to section 8. My philosophy has always been control what you can control. My company is very strong in maintenance and repair but making a tenant pay was out of my control.
My biz model is fairly different and a sub niche of section 8 where our normal tenant dosnt pay a portion so never a worry on getting the rent on the first.
I have also seen a huge trend with these tenants staying indefinitely. 1 move out in 5 years on a pool of 80 units.
So personally I Love section 8 and build every unit with my biz model in mind.