Going section 8 in todays market .Your thoughts.

[Oleksandr Ivanovskiy]

After careful thought and non paying tenant I decided to go section 8. Even though some advice me against it. I still think that it’s better to have paying tenant ;ie government pays than some who doesn’t pay for months.

What are your thoughts on this subject?

[Jennifer Donley]

@Oleksandr Ivanovskiy I think it's a great idea.  Done right, I believe Section 8 is the most stable and profitable niche out there.  I have 26 Section 8 properties and the tenants are easy to work with and take care of the properties.  I aim to provide one of the best units in the neighborhood and am able to get a lot of interest quickly.  I screen meticulously and pick the best applicant.

I love Section 8 for 5 reasons - Guaranteed rent, Higher rent (in my areas, which are B & C neighborhoods in the St. Louis area), long tenancies, Section 8 rules &  processes (which help ensure higher rents & good lease compliance from tenants) and supply/demand gap (lots of demand for Section 8 units and low supply), which helps me attract and retain the best tenants out there.

Let me know if I can help further and good luck!