Quote from @Bob Stevens:
Quote from @Jane Ho:
Newbie question, thank you for your patience in advance. I've heard on BP youtube that Section 8 tenants can be good and stable since it is paid by the government. My question is, how long of their qualification last....and what triggers they no longer qualify for section 8? I am worried when that happens, it will be a guaranteed eviction process...I googled searched...didn't find a certain answer. Thank you so much!!!
I can only speak for the Cleveland markets, All leases are 1 year, then MTM after that. We have had tenants for years and years. It is very rare they will lose their voucher; they hold on to those like gold LOL. I have tenants were they have it in their family for generations, sad, DO NOT buy a rental without PM in place especially if you plan on Sec 8 .
Thank you so much!!! So they do sounds like can go forever....I am in California, I was just worried like medical benefits, they actually verify your income every year and if you starts to make a little more, they take it away from you. But this might be out of this discussion, if they can have this forever, wow, who wants to go to work and make a living? The government actually encourage laziness...:(