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Updated over 5 years ago on . Most recent reply
Section 8 for first rental
Hi,
I am looking at starting my rental journey and I found a home that meets my criteria in OKC area, however the current tenant is on month to month Section 8 housing. Is this something I should steer clear from? If not what information should I get to ensure this is a good tenant?
Thanks,
Jason
Most Popular Reply
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I have a few S8 tenants, I'm 100% perfectly fine with it. In fact in my area certain houses have a higher than market rate for rentals so section 8 produces more income for me.
You can still screen tenants the same way you normally would. There is very little difference between renting a section 8 home, in fact the biggest difference is that your checks are guaranteed when you have a S8 tenant.
the downsides to S8 are highly overrated and in my experience perpetrated by those with a chip on their shoulder about low income people.