Section 8 during a recession?

[John Anderson]

Hi all,

With a recession looming over us, I wanted to ask about public housing. For those of you who rent to low income tenants, and have been in the real estate game for a period of time (specifically through the 08 crash), do public housing authorities still continue to pay out during a downturn? Is there any decrease in the rents that are paid out?

Thanks!

[Bruce Woodruff]

They continue to pay, but be aware that only the Govt part of the rent is guaranteed. If your tenant goes belly up, you're screwed.