Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
- Investor
- Youngstown, OH
- 2,405
- Votes |
- 2,910
- Posts
Section 8 and mitigating repair costs
I'm doing some research and learning about my options for my first true investment property (I currently rent the spare bedrooms out of my primary residence, but I do not have a separate investment property yet).
A good friend who is an experience RE agent has a client doing very well with Section 8, and he has encouraged me to consider it.
I've done some research in the forums here on BP, and one common complaint I've heard is that repair costs tend to be higher for Section 8 tenants due to a combination of annual inspection requirements and lack of tenant responsibility. Just curious to know if anyone has found ways to mitigate these repairs/expenses. One suggestion I've seen is to aim for families in which at least 1 person is employed. Are there other strategies out there for screening tenants or qualities to seek out in Section 8 tenants?
TIA!