You can go section 8 and juice your NOI???

[Grant Wieczorek]

I read a listing that described a property with a tenant base of approx 30% subsidized that stated there was significant upside to declare the property section 8.  How's that work?  Market rent's won't command higher top line?

[Kristopher Hanks]

@Grant Wieczorek @Jeff Filali is correct. I just moved in a section 8 tenant over the weekend in Cuyahoga County, Cleveland. All in costs including renovations, closing costs and some realtor commisions, 5 bed house cost me $34,000. I get $1,000 per month in rent approved by CMHA. CMHA pays $700 per month, and the tenant pays $300. If the tenant damages the property with intent, vandalism, that tenant will lose their voucher and be kicked out of the program. There are a lot of stipulations when dealing with section 8, but the people in the program go through a lottery system to get approved for the program. If they really need the assistance the last thing they want to do is lose their voucher. In my opinion I believe you will have less chance of a section 8 tenant damaging your property intentionally. @Michelle B. is also correct in her statement.