Additionally, Section 8 is only income. A credit report and references should be checked like any other tenant.
Some property owners feel that section 8 tenants are not the kind of people they choose to rent to.
Most owners in chicago are aware of the fack that section 8 is guranteed rent for the duration of the lease,
Some owners feel that a high fica score makes a renter more responsible.What they don't realize is that most if not all of us may have a high fica score today and be in bankrupt tomorrow, why because of the high fica score most people are able to get more credit than they can handle.
Some owners feel that secon 8 tenants are shiftless and unreliable,Which is not true.Most property owners feel that if a person is working they are sure to get the rent they requested,what they don't realize is that because u have a job today dosen't mean you'll have one next month or next week.
What owners fail to realize is that when section 8 ok's a unit to rent, weather the person has a high fica score,well paying job or whatever their financial standing may be they gurantee the rent for the remainder of the lease.
No high fica score or high paying job can gurantee rent on time every month regardless of the situatioins we're currently facing.
Then once again some people just don't want to be bothered with people of a lesser stature then themselves or who they perceive to be less.
That being said. The reason that it would seem that mostly the south and west sides of Chicago accept section 8-a owner of a property on the Gold Coast of Chicago does not need to rent his/her property section 8. The more popular the location the less there is a need to accept section 8.This is also true in their use of realtors-they do not need a realtor to rent that property which is in a poplar location. Gold coast is also an expensive place to live. Not many services that would cater to those who would be using section 8. The income level would also be prohibitive to those who need section 8 for housing in an area like the Gold Coast.
So let;s try moving to a more middle class area, Andersonville. Many of the same restrictions--as in the Gold Coast. There is no reason or incentive to rent section 8. There are more people looking to move into the area then there is housing. As a landlord you can avoid all the silly that the government plays with their section 8 money. No red tape or inspections or interference from the government. Sounds like America. There are times in which people need to go to a realtor to rent their properties.This again would not be the case.
Which brings us to the South Side- West Side. Tons of housing. Some in poor condition. The government program is the best way to rent those houses. No real competition. Low income levels, with services close by. Section 8 is a God send to many landlords on the South and West sides. Ugly houses, ugly locations and sometimes ugly pricing. Reasons for section 8 ; and reasons one has to use a Realtor.
Section 8 is a program that the whole city could benefit from. But, management firms and realtors and landlords make their decisions based in reality fo the current economic situation. Bam, able to explain it without violation of the Fair Housing Rules.