I live in NY i would like to rent my 2 fam house to section 8 good idea or not?

Question

I recently purchased a property in jam Queens and I'm unsure if I want to rent to section 8 tenants please any suggestions feed back positive or negative all are welcome thanx

Answer 1

I knew someone who rented to section 8 people and they ruined the condo. I am sure not all people are like that but you may want to do a good interview process and make a few visits to the home after.

hope this helps.

Answer 2

Section 8 isn't as bad as some folks make it out to be. Everyone needs a place to live, especially the people the most likely to be on Section 8 - single women with young children fleeing from abusive ex-husbands.
Much of Section 8's requirements are only guidelines, as long as you provide a safe habitable home. If you know what you are doing as a landlord, you'll have no problems. Also, if the tenants are damaging the property, Section 8 will drop them from the program.
Where landlords get into trouble with Section 8 is when they are slumlords trying to squeeze every dollar out as fast as they can. Charge a high enough rent and keep the property maintained. Screen your tenants carefully. This will actually work better in the long run than renting the place out cheap.

Answer 3

it wouldn't if i was you. yes, it is nice to get the rent check from the state but if there is any tension between you and the tenant they can make it very miserable and costly for you. they can complain about the least little thing and you need to fix it right away or you don't get the check. also it is hard to evict those kind of people as the state takes their side. I have been there and done that.

Answer 4

I don't know about your area, but in Baltimore section 8 tenants are known to destroy the houses they live in. Unfortunatey. They don't own it and they don't care.

Answer 5

Thats a good idea... since its only you living there