Section 8 tenants and Small Multifamily Properties

[Adriel Cisneros]

As a small Sponsor and Operator in Chicago,

Are Section 8 tenants the best way to mitigate vacancy loss for small multifamily properties (<4 units)?

I read the Bigger Pockets article on why Section 8 presents numerous risks to the Landlord. And I agree most can materialize to the determent of the Owner but how do you serve a need for affordable housing in the south side of Chicago?

[Steve Vaughan]

Quote from @Adriel Cisneros:

As a small Sponsor and Operator in Chicago,

Are Section 8 tenants the best way to mitigate vacancy loss for small multifamily properties (<4 units)?

I had a great experience for almost 20 years renting small units to Sec8.  1 bed or studios.   Houses or  2 beds on up not so much. 

The size of the units mattered much more than the # of units to me.