Section 8 - PRO's & CON's List

[Brian Detlefsen]

I'm currently evaluating a 4-unit building and need to make a decision because all 4 renters are Section 8. I have heard pro's and con's to having section 8 renters. Some people love them, others hate them. I feel as though I'm not taking everything into consideration. Since I love lists, let's make a list of Section 8 PRO's & CON's.   I'll start.....

PRO's

Guaranteed on-time rents every month.

Higher rental rates (in some areas)

Annual inspections (to identify if tenant is abusing property)

CON's

Renters have a entitlement attitude.

High risk tenants that may damage your property.

Section 8 bureaucracy