Section 8 tenant vs normal paying tenant in a recession

[Terry Lao]

With all the talk of a recession or down trending economy, which type of tenant would be better, Section 8 vs. Normal rent paying tenant. First, these are for area C neighborhoods, lower economic, typical 2 bed 2 bath apartment. I would like to make the case for choosing section 8 based upon the below points.

1, Rent paid first of month by Section 8 not matter the economy.

2. In recession, layoffs or business closure, would result in missed rent payments

3. No eviction due to section 8 vs. possible and eventual eviction due to no job.

4. The great recession of 2008 resulted in many foreclosures due to tenant losing job, and still stay in apartment. The eviction process resulted in no rent, time to get tenant out, and without cash flow, property eventually went back to bank.

Which would you choose, section 8 vs. normal paying tenant?

Terry