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Updated about 12 years ago on . Most recent reply

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Sam Schlacter
  • Zephyrhills, FL
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Should I take section 8 tenant?

Sam Schlacter
  • Zephyrhills, FL
Posted

Does anyone have experience with renting to section 8 tenant? Is it advisable to rent to section 8 tenant? Specifically does anyone have experience with section 8 tenants in Florida?

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Sam, just qualify people on the consistant basis and same qualifications regardless of thier source of money as being reliable. Some landlords have a stigma given to Sec 8 tenants that most often undeserved. They are at a lower middle income or low income level and there is not much difference between them as anyone else in the same renatal price range. There is a benefit that rent collections will be uneventful, usually unless the HA office messes up, but the rent is like clockwork. Even in Florida! Treat them right, give them a decent well maintained home and you can have a very long term tenant with rent increases as market rents go up. Good luck

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