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Updated about 7 years ago on . Most recent reply

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31
Posts
3
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Patrick C.
  • Saint Cloud, MN
3
Votes |
31
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Finding renters.... section 8 or no .. Minnesota

Patrick C.
  • Saint Cloud, MN
Posted

Working on getting my SFH in St.Cloud MN up to speed and rented out. seeing if anybody has had good/bad experience with section 8. Been told to avoid it at all cost, and others have told me do it just make sure to get a nice big damage deposit.

House i'll be renting out will be in the the middle/lower income neighborhood, blue color family. 

3 bedroom, 1 bath, fenced in back yard, 1 garage shooting for $1,200 a month (I'll pay water/garbage) 

Plan to manage it myself since this is my only one, and its close by where I live. 

Most Popular Reply

User Stats

485
Posts
277
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David Moore
  • Investor
  • Crystal, MN
277
Votes |
485
Posts
David Moore
  • Investor
  • Crystal, MN
Replied

@Patrick C.

I have one property with a section 8 renter. What is not commonly known is that some section 8 applicants work, but just have an income below what is needed to support their family. My section 8 tenant gets about 25% of her rent paid for by HUD. She is a great tenant.

I screen her just like any other applicant.  The prior landlord, who I know a little bit, told me she was a good tenant, and she had been there over 4 years.  Just check them out.  

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