All Forum Posts by: Davante Dempster

Hard pass on turning over a $400K property to Section 8.  It's not about painting unfortunate people with a broad brush. It is about managing business risk. 

The rent is guaranteed as long as the tenant stays in good standing with the program. You're still going to need to screen the tenant regardless of section 8 or not, and if your property is higher quality than others in the area (do most rentals have solar panels?), then you could probably find a pretty good non-section 8 tenant that you wouldn't have issues collecting their rent. Then you wouldn't have to bother with the government program stuff. Also check what the section 8 Housing Authority will pay compared to non-section 8 rentals. Section 8 could be good, but don't limit yourself to it. Just use it as another tool in your toolbox. 

Section 8 only guarantees a portion of the rent. And you will be dealing with a whole different type of tenant. There's a reason they're S8 and it ain't bad luck.

It is a good idea. Why specifically are you looking to rent the property out Section 8?