Section 8 Investment

[Aruna Abdool]

Hello BP'ers! Is anyone cash-flowing or succeeding in the Section-8 market, and if so, what state/county are you investing in? I'm researching multiple strategies and would like some feedback on this one. I plan on investing in a landlord-friendly state and am looking into MTR, LTR, and now Sec-8. 

[Joshua Janus]

Quote from @Sonia N.:

@Aruna Abdool - unlike all the Columbus Reafco agents here who say it’s great in Columbus (and you’ll see their responses are exactly the same to every single post about Columbus), it’s a really long process to get your Section 8 rent increased. We’ve requested one since October last year and the only response we’ve gotten is “we’re working on it.”

 I agree with you Sonia. Section 8 in Columbus right now is very slow as they fired the entire staff and outsourced it to a 3rd party. it has gotten much better in the last few months compared to what it was like early last year. 

Cleveland on the other hand is quick. I'm filling my CMHA (Cleveland's Section 8 name) units in < 2 months from start to finish.