Section 8?

[Cedric Dadaille]

Topic came up in the office today about the pro/cons of section 8 renters.

When I lived in Houston, I've always been told to stay away from section 8, because low quality tennents can do some serious damage. However, here in South Florida everyone in the office is for section 8, becuase you generally end up ahead of the curve.

Considering I plan on getting into the buy/hold investment area personally, what does BP Suggest I start marketing to?

[Justin Jocewicz]

The way to protect yourself against section 8 renters is to have the same standard, prior to posting the ad, of what the standards are for your tenant.  From there, it is first come, first served.  Each time I have had a person ask if I accept it, I say sure, but you have to meet the standards.  They find out the standards and do not apply.  The same goes with private renters.  Stating realistic standards are the way to go to keep you out of trouble.  :-)