Downside of Section 8 renters?

[Mel Hayes]

Hi all,

Newbie to the landlord world.  I have a vacancy and an applicant who is section 8.  I know the money will be there every month but I'm curious as to the downside of section 8 tenants.  Anyone here have any experience with section 8 tenants?  Can anyone fill me in about the "stereotypes" of section 8 tenants?

Thanks BP  

[Thelonious Jones]

Hello this is a great question. I was actually talking about this on my YouTube page this morning. Section 8 tenants are great. All tenants are great. Landlording is what you make it.

There are only stereotypes if you want them to be stereotypes. I think a lot of people put stereotypes on section 8 individuals because they are in a tough economic situation.

70% of our rental portfolio section 8 and we have no issues with our section 8 tenants. It's all about doing the proper background check making sure they're qualified regardless if they're on government assistance and also checking the references to make sure they are great resident.

I think the biggest stereotype about section 8 is I'm a collect all this money from the government every month and I never have to do any repairs to the property.

With all real estate investing it is what you make it if you want to believe that there is a stereotype with section 8, then there will be. However if you want to believe that they are people that are just trying to make it day by day like everyone else you most likely will have less problems.

Please send me a direct message if you would like me to send you some links to some YouTube videos where I talk about these topics.