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Updated over 4 years ago on . Most recent reply

User Stats

50
Posts
34
Votes
James Elden
34
Votes |
50
Posts

If a section 8 PM company does something wrong are you liable?

James Elden
Posted

I don't exactly mean liable but the post title only has limited space to type what I mean. I have never invested in a sec 8 property before but have been reading up on it so I'm familiar with the potential pitfalls. I realize it is possible to be completely kicked out of the program, as an investor, for various reasons. If I were to invest in a sec8 property I would prefer to pay a property management company to handle everything for me but what I'm unclear on is, if they were to do something that caused issues with section 8 would it also kick me, the investor, out of the program permanently? The property would be owned by a corporation or LLC and I would be as hands off as possible.

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