None of my landlords are interested in renting to Section 8 tenants because of the reputation Section 8 has. I did some inquiring into the Section 8 program to educate my landlords about this program. I had met a mother with 2 children who I thought deserved a chance. To no avail was all my research. Most properties I manage are in too high of a bracket to be qualified for Section 8, and the landlords just don't want to agree to it.

Thu May 8 2008, 10:37

Richard, you offered no useful insight on that one.

Now I'm going to commit the same offense and stereotype landlords in general.. Landlords tend to complain about the problems they have with all of their tenants. It is what they do. Especially when they are also grandparents. By definition, section *8 tenants are poor.
By definition, landlords are wealthier than section 8 tenants.

It is the tendency of many of us who are luckier than the poor to convince ourselves that our higher living standards are due to our own industriousness and admirable character rather than good fortune and circumstance.

But to answer Darlene's question: It is a very sensible business decision to lease out to Section 8* tenants.
You are much more likely to receive a rent check from the housing authority every month of the year than you will from an unsubsidized renter. (By the way - you will receive the market rate on section 8 leases)

The housing authority generally pays based on the number of bedrooms, not on the value of the rental property. So I would not put a luxury home with a swimming pool and tennis courts into the program.
I would put safe and clean standard apartments or houses into the program as long as the section 8 rate was close to or higher than I could charge unsubsidized tenants.

Sat Oct 20 2007, 19:36

Hi Darlene, back in the 80's my family owned several rental properties. Though I was very young, I can still remember how much my mother/grandfather complaint about the problems they had with section 8 tenants. Good luck.

Fri Oct 19 2007, 02:07

Its a guaranteed check. So why not????

Raquel Zapata-Gonzalez
Licensed Real Estate Consultant
Cell: 813-294-7264
Fax: 813-655-1878
E-mail: rzapata@tampabay.rr.com
www.MajesticHomeRealty.com

Thu Oct 18 2007, 22:48

I know numerous investors that actually prefer to rent to section 8 tenants. Although it is personal preference, if you need to rent and there willing then i say go for it.

Thu Oct 18 2007, 22:26