Section 8 vs Student Housing Troy NY

Section 8 vs Student Housing Troy NY

Lydia BarPro Member
Member since 2021 · 31 posts · 10 votes

Good morning,

with the recent change in market and economy, Wondering how people's experience has been lately with Section 8 vs student housing. Specifically in Troy, NY market. anyone having issues with funding for section 8 and assistance programs given the current economy?

IF you had the choice to go one way or the other, what would seem to be more reliable?

these are nontraditional community college students. Aka mid 20s , have part time jobs, and do not rely on family support for rent. 

TIA,

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  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    1y

    Not in that market but the non traditional student you are talking about I'm sure is an interesting niche.  Are there ways you are thinking of mitigating risk there?  If you could get a house that was suited to multi people living there, the student could be an interesting option to offer more affordable rents but perhaps end up more profitable over all?  interesting concept, I'm curious to see what others have to say also.

  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Lydia Bar:

    Good morning,

    with the recent change in market and economy, Wondering how people's experience has been lately with Section 8 vs student housing. Specifically in Troy, NY market. anyone having issues with funding for section 8 and assistance programs given the current economy?

    IF you had the choice to go one way or the other, what would seem to be more reliable?

    these are nontraditional community college students. Aka mid 20s , have part time jobs, and do not rely on family support for rent. 

    TIA,

     @Lydia Bar Do you currently own S8 rentals in Troy?

    • Lydia BarPro Member
      OP
      Member since 2021 · 31 posts · 10 votes
      1y
      Quote from @Jaycee Greene:
      Quote from @Lydia Bar:

      Good morning,

      with the recent change in market and economy, Wondering how people's experience has been lately with Section 8 vs student housing. Specifically in Troy, NY market. anyone having issues with funding for section 8 and assistance programs given the current economy?

      IF you had the choice to go one way or the other, what would seem to be more reliable?

      these are nontraditional community college students. Aka mid 20s , have part time jobs, and do not rely on family support for rent. 

      TIA,

       @Lydia Bar Do you currently own S8 rentals in Troy?

      I have one unit rented as a section 8. 
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