Section 8 - any tips for this type of tenants?
I bought a pretty nice SFH in Davie, FL. Any advice on renting it to section 8 tenants?
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I know there are plenty of people on this forum that rent to Section 8 tenants. About 5 of our 800 residents are Section 8, but we do not accept new Section 8 residents. In my experience, you tend to get a much rougher tenant. My average repair costs are higher with Section 8. The worst part, however, is you've made the government your partner. If they are incompetent or have a lot of bureaucracy, you get the fun of dealing with that. I hear that some local Section 8 authorities are easy to deal with. In contrast, a number of landlords here in Indianapolis were facing foreclosure because IMH, our local Section 8 authority, hadn't paid rent in many months.
FWIW, the Trump administration recently floated the idea of a 2-year cap on Section 8 vouchers.