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Updated about 5 years ago on . Most recent reply

Account Closed
  • Professional
  • Tampa, FL
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James Mc Ree
  • Rental Property Investor
  • Malvern, PA
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James Mc Ree
  • Rental Property Investor
  • Malvern, PA
Replied

3 Of my 4 units are rented to Section 8 tenants in PA.  I think Section 8 is great.  I get to pick the tenant, just like any other lease, and the government guarantees a large portion of their rent.  It arrives the 1st of every month without fail!

I like that the program gives a family of lesser means an opportunity to live in a nice place and hopefully lift themselves up.  I see Section 8 as a way of helping others, profiting in the process and it always feels good to get my tax money back!

Tenant screening is key - screen poorly and you could have a poor experience regardless of how they started paying their rent.

The inspections don't bother me.  They help ensure my tenants properly care for the place and that the property meets the absolute minimum of safety and sanitation.  I like the personal responsibility part of the tenant inspections.  I don't manage my properties to stress the minimum standards so maintenance costs driven by inspections aren't much and I always have a safer home for the family as a result.

Jim.

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