Has anyone had success with Section 8 in Tampa?

[Taylor Koutroumbis]

Hi,

Quick question for landlords in Tampa area. Have any of you had success with section 8? We have done section 8 in a couple of markets and been happy with it, but the Tampa Housing Authority has been very hard to get a ahold of and I can't seem to figure out how to even enroll my homes in the program. Is it worth the hassle down here?

Thanks ! 

[Marylyn Patankar]

Section 8 can definitely be a hassle in Tampa! It often takes months to get your properties posted, and getting in touch with the Tampa Housing Authority is embarrassingly difficult. We’ve experienced situations where investors came to us from other property managers or when properties changed ownership, and it took about three months to get the funds dispersed into the right accounts.

That said, it can be worth the hassle! If you're looking to make it easier on yourself, consider hiring a property manager. They can handle the complexities for you. Plus, if you're using Section 8, you're likely listing your property above market rent due to the allocated vouchers. It really can be the best of both worlds—remaining a passive investor while still getting the ROI you want!