Section 8 in 32210 zip code

[Juan Lozano]

Hope all of you are having a great investment year so far. Need your input please. Buying a Turnkey home in the 32210 zip code and the PM informed me that a Section 8 renter is interested in my house, to rent. What do you suggest? This is my second rental home but don't know much about Section 8 renters. Hope you can provide some input. Greatly appreciated!!! 😀

[Patti Robertson]

Well, how happy would you be if your tenant got laid off and rather than not be able to pay your rent, they just let their case worker know and instead of SEC 8 paying 50% of the rent, they adjusted to pay 100% of the rent until the tenant found another job?  That's the beauty of SEC 8 - free rent insurance for the landlord.  Another benefit is that tenants tend to stay for longer terms.  Just make sure the PM is choosing a tenant who is working at the time the application is submitted or you won't get the highest possible rent.