Section 8 leases in place

[Jeffrey Townsend]

Hello All,

I am looking to purchase a Quadplex and 2 of the leases are currently Month to Month section 8. Is it as simple as giving 30 days notice after I close? I am looking to renovate these and bring up to market rent and get out of section 8.

[John Underwood]

In my area, section 8 pays 110% of market rents. They also guarantee all or a portion of the rent.  You don't need to spend money renovating the units to raise the rents.

Section 8 properties, especially now, are gold!