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Updated over 5 years ago on . Most recent reply

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Shawn Choi
  • Los Angeles, CA
4
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What are your experiences with Section 8 Tenants?

Shawn Choi
  • Los Angeles, CA
Posted

Based on your experience, what are the Advantages/Disadvantages of investing into California properties with Section 8 tenants?

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Michael Ealy
  • Developer
  • Cincinnati, OH
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Michael Ealy
  • Developer
  • Cincinnati, OH
Replied

I have about 500 section 8 tenants. I love them. Guaranteed rent baby!

I am OK with section 8 because just like market rent tenants, I prescreen them and I provide the best housing they can find so I attract the best section 8 tenants.

Sometimes, landlords struggle with section 8 because they don't screen tenants and they are cheap. Even though section 8 is government subsidized housing for the lower income population, it does not mean that as the owner, that you provide them crappy apartments. If you don't renovate and update the units as per section 8 requirements, you won't pass section 8 inspection and if your units are marginal, it will attract the not so good tenants.

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