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Updated over 3 years ago,

User Stats

6
Posts
1
Votes
Donald J Glidewell
Pro Member
  • Investor
  • St. Petersburg, FL
1
Votes |
6
Posts

Closing on a rental with Section (8) tenant - thoughts?

Donald J Glidewell
Pro Member
  • Investor
  • St. Petersburg, FL
Posted

A number of properties I look at in St. Petersburg have Section (8) tenants.  Common advice is to have the rental vacated before close so you start with your own screening and acceptance of the tenant.  If the seller is representing tenant has been good from a hassle factor perspective and you have the government paying the rent, seems like it might be safe to keep the tenant in place, avoid some vacancy and create a stronger offer by accepting an existing tenant.   Any horror stories or happy endings anyone can share?  Thanks

  • Donald J Glidewell
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