Section-8 landlord R U 1 i am need advice?

Question

Been landlord long time but never tried sec.8
please advise me why or why not.

Answer 1

Why:
Regular rent checks from the government. What could be better?

Why not:
1. Minimum standards that are required to be kept up with or no check.
2. Difficult or impossible to evict no matter what they do. You may even loose other tenants.

I had the choice once and was tempted. Chose to not do it. The quality of tenant is low and they are unscrupulous.

Answer 2

Be very careful. I rented my home to a section 8 tenant. The tenant used a realtor to find my home. My home rented for 1500.00 per month. The tenant paid her portion late every month of the lease and then stop paying in the last 2 months. She assumed that she could live off the deposit. I called the housing authority only to find that the tenant was not even qualified for the rental amount. She had altered the lease agreement and presented to the housing authority an altered document that listed the rent as the amount of her actual housing benefit. Housing should have caught this because the neighborhood had market rents of 1500-2000.00 plus per month. They should have known that a 3 year old 2500+ square foot home was not renting for 1000.00 per month. She had attempted to pay the difference but then it became too much for her so she started to act like she was being overcharged because she was on housing. She could no longer keep the yard up so she started to act like she did not know she was responsible for the yard. I begin to have to have the yard cut to avoid being billed repeatedly by the home owners association. In the end I was out of money. My carpet was damaged and the home was left dirty with the utilities disconnected due to non payment. The tenant had live in boyfriends who worked no where, but drove luxury vehicles and she had four kids that were not gentle with the home at all. I would say if you are renting to a responsible person who is looking to better themselves then go for it. Otherwise find a tenant who has a good credit profile and has demonstrated timely payments to past landlord regardless of the fact if they are on housing or not. It may take longer to find a good tenant but in the end it will be well worth the wait.

Answer 3

I rented to Section8 tenants in Fulton County, Atlanta, Ga.
Section8 tenants are pains in the *** as equally as any other tenant. No more, no less.
If you are already working with low income tenants, then you already know how to deal with them.
Section8 adds some additional paperwork, and as long as they are paying as much if not more than you can get with a non Sec8, then it isn't a mistake.
It is all about screening and dealing with your tenant. The paperwork necessary for the govt. isn't that bad, and you get the check direct deposited, which is nice.
Beware of money problems in the local government. If the county or city has huge budgetary problems, it will show up in the management of the Section8 program by way of reducing what houses they will keep on the program during the annual reinspection.
Fulton County is severly f-ed up, and I had every one of my sec8 houses fail inspection several years ago for trivial reasons. Long story behind that.
Anyway, the program has plusses and minuses.
The people on the program are just like any other tenant you will run into, in fact there are additional pre-screening processes that will eliminate some bad elements.
Don't avoid because you think the people will be bad.
Make friends that are managing the Section8 program.
good luck.

Answer 4

I accepted a tenant once who had Section 8. She was working, going to college to become a nurse, and taking care of a small child. All her references checked out fine. So I rented to her for about 2 years.

I loved getting the goverment check which covered about 85% of her rent. It was easy for her to come up with the extra few bucks.

All I had to do was have someone come through the place, I had to replace a few minor items, and that was that!

When looking at the prospective tenant's application who wants Section 8, evaluate what kind of person you think they are. As long as you don't discriminate on the basics (race, creed, etc..) then you can say yes or no depending on how you perceive them.

Good luck!

Answer 5

This is not a good thing. My sister tried it and it took her over a year to evict the tenants. They were behind 8 mos. in the rent because they lost their section 8 status. Tenants drank, did not work, trashed the place.

Between the lost rent, lawyer, and fixing up the condo to restore the damage from the tenants, she lost ten thousand dollars and more.

It is not worth the stress and aggravation.

Answer 6

I think it's inflammatory to call all section 8 tenants "unscrupulous".

I live in an apartment complex that accepts section 8, although we are not in the program and just like any other rental property, some tenants keep their apartments clean, and others destroy them. It's less economic status and more respect for others.

Answer 7

Advantage is you get your rent every month! And they increase the rent each year themselves! You will get inspections once a year and sometimes the tenant if they don't keep the place in good condition could cause a problem for you, so you should do quarterly inspections yourself.

Answer 8

If there's a belongings administration employer that over see's the distant places vendors interest,that tax I.D. could be utilized for section 8.might desire to be one on checklist because of fact the owner,no be counted the place they stay,has to pay belongings and income tax for that belongings interior the state of California. could be yet another excuse they're denying or dragging their ft in this subject.