Section 8 property manager

[Marc Possoff]

Have property that we want to section 8. It’s a completely renovated house in Philadelphia in a zip that’s a class A but the neighborhood is probably a C. It’s starting to become gentrified. 

With section 8 do you need a property manager? Thanks!

[Michael Smythe]

@Marc Possoff would be careful of getting S8 tenant in a Class A zip. Usually rents are too high for S8 limits in Class A and many Class B areas.

Also, S8 is NOT a cure-all for tenant nonpayment issues. Many S8 vouchers now require tenants to pay a portion of their rent and utilities. Many tenants choose not to pay their portion.