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The Pro’s of Renting to Section 8 Voucher Tenants
So far, we have looked at: How to Have Your Rental Property Section 8 Approved Renting to Section 8 Voucher Tenants The Con’s of Renting to Section 8 Voucher Tenants There are several Pro’s of Renting to Section 8 Voucher Tenants. As I mentioned earlier in the article series, I avoided Section 8 housing when I first became a Real Estate Investor. I did not like that stigma associated with it. I have since learned the Section 8 Program is an excellent tool to fill a vacancy. I do not focus on Section 8 houses; however, the ability to rent to Section 8 Voucher Tenants has opened a few of my rental properties to a new tenant pool and improves my ability to fill my vacant properties. Guaranteed Payment First and foremost, the Housing Choice Voucher Program payments are guaranteed each month as long as you, the landlord, and the tenant remain in good standing with and qualify for the Section 8 Program. Yes, both of you have requirements that are to be met on a continuous basis. To name a few: you, as the landlord, must properly maintain the home when repairs are necessary, and the tenant must maintain their ... more
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