Is the Section 8 Program Good for Landlords?
... I allow Section 8 tenants to rent my house, am I just asking for my property to be torn up? A: I haven't seen this be the case. There is actually additional protection against a Section 8 tenant tearing up the home, when compared to a regular tenant. Let me explain. The Section 8 program has a huge tenant waiting list (no surprise there!). If a Section 8 tenant tears up the home (or does anything that violates the lease), there is an implied understanding that they can be reported to Section 8 and be removed from the program. The tenant cannot afford for this to happen! Section 8 can be ... only have limited space, but here are the most pertinent and succinct pieces of advice I can offer to landlords to determine whether allowing Section 8 tenants to rent your properties is a good deal: If your house is higher-end, Section 8 has limits on how much they are willing to pay based on the amount of bedrooms and whether utilities are included. This leads into point #2. The rental rates aren't that high. To see if allowing Section 8 tenants to rent your home makes sense, the cash-flow needs to be computed on a property-by-property basis. On some properties, the ...
Tags: Charlotte | tenants | Section 8 | government | rent | landlords |
Tags: Charlotte | tenants | Section 8 | government | rent | landlords |