Section 8: Do you accept vouchers? Why or Why not?

[Canesha Edwards]

Section 8 is a highly discussed topic in the real estate industry. Most landlords are on one side or the other.

Many landlords will not rent to Section 8 tenants under the premise of them being “bad” tenants. “ Section 8 tenants will destroy your property” is often the warning given to investors considering the program.

“It’s guaranteed money and you’re providing affordable housing for people in need” is often the response of landlords that accept section 8.

My opinion is, market rate tenants are just as capable of destroying properties and there are some amazing Section 8 tenants. I also like the guaranteed money from the government.

So, here’s my question. Are you a landlord that rents to Section 8 tenants? Why or why not? What has been your experience? How did your rentals fair during the pandemic ? What advice would you give a new investor considering accepting Section 8?

Let’s talk about it.

Canesha