Future section 8 landlord

[Douglas Harris]

I'm currently in escrow of my first rental property. While I've heard many horror stories from landlords doing section 8, this program will provide more cash flow and I like the idea of helping the local community where there is a need.

I welcome any advice from anyone who has done or is currently doing section 8 rentals. What steps can I take to mitigate problems in the future? When screening a potential tenant what are some things I should look for that most section 8 landlords forget to do

[Wesley W.]

In my limited experience and research into section 8, the landlording experience is more based on your local housing authority (which implements the program for HUD) than the federal regulations. Each municipality has its own process, and some interface better than others with your business model and management style. Tenants are tenants, and there are good ones and bad ones - so do your screening as you would any other.

Your best bet is to reach out to other landlords in your market that participate in Section 8 housing and ask them the pros and cons.  What people tell you on the forums here will usually be varied and highly specific to their own market.  Good luck!