Section 8 Investment Strategies

[Kelli Parker]

As a newbie to the BP arena, I'd like to spark a conversation and gain some knowledge from the experts here. I am currently working with an investor who has many great question regarding Section 8 housing for his rental properties. I'd love any feed back on the Pros and Cons you've all faced going this route with your rental properties. 

[Forrest Williams]

The main barrier to Section 8 is the paperwork to get started. S8 tenants require vouchers, filling out packets, comping the area, lots of back and forth. Some people dislike that or find other reasons to exclude them. There is a perception that these tenants are harder to manage, when in reality they are just like every other tenant pool. Some are good, some are bad, most are fine. The biggest pro is the rent is often as high as you are marketing it, and that money comes in on schedule every time. No paying on the 5th of each month.

If you want more information, I suggest going to the source and calling your local Section 8 office. They'll be able to answer all the questions you have about procedures and the required paperwork.