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Updated 4 months ago,

User Stats

2
Posts
0
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Dan Weber
  • Investor
  • Germany
0
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2
Posts

Convert to section 8

Dan Weber
  • Investor
  • Germany
Posted

Hello, we are an Investor in a 260 unit older multi family complex in the Atlanta area. The plan was to upgrade 10 units at a time and increase rents after that. But the problem is and was that a lot of tenants are not paying rent and very hard to get them out (almost impossible). I am learning more and more about section 8 and wonder if it would be a good strategy to convert the project to that as I checked the zip code and what you get for 1 and 2 bedroom apartments is much more than what we are getting at the moment. 
Has anyone done that and any experience in it (also in other states etc.)?

Thanks 

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