Letting go of Inherited Tenants

[Shawn Breyer]

Hey everyone,

I am in the middle of my first deal. I am purchasing a duplex with 3/2s on each side. 

I went thru the duplex and met the tenants. The duplex is distressed, and needs some work. 

One of the tenants is section 8, and the other tenant is a family. I plan on running them thru my own screening system, but what's the best way to let the section 8 tenant go?

I am thinking I'd like to keep her in there while I'm making the necessary repairs, but not during the remodel. 

Something I need to consider is the cycle of when people like to move and when the don't like to move, like summer vs winter. Has anyone seen enough cycles to roughly know when people are slowing down so much on moving that it could affect me (I live in Michigan)?

Thank you in advance!

[Jason Conroy]

I used to avoid section 8 in the past but I have changed my view in the past few years.  The majority of the section 8 rent comes in from the city electronically like clockwork leaving a small portion for the recipients to pay.  Because the waitlist to get approved for a section 8 voucher is long, the recipients are typically very good tenants because they know if they aren't they run the risk of losing their voucher.