I’m often asked about the pros and cons of being a Section 8 Landlord.The truth is… The Section 8 program offers real estate investors guarantees and safeguards unmatched by the private sector rental market. With my Section 8 tenants, I’m more confident I’ll get paid, there is little chance I’ll have to worry about an eviction, the lease is likely to be renewed, and I always get my checks at the beginning of each month! The associated challenges that come from dealing with federal agencies as well as financially challenged tenants are easily overcome. The concerns often associated with the Section 8 program are often the result of inexperience, misconceptions, or from lack of credible information. Tenants know that if the rent is not paid, their voucher will be rescinded and they will be evicted.
Thousands of successful landlords have made fortunes in real estate by participating in the Section 8 (Housing Choice Voucher) program. It is my experience that there is no better way to fill your vacant rental units than with Section 8 participants.
http://www.GOsection8.com provides an advanced database system that allows the landlord to list available properties and locate potential Section 8 tenants. If you want to participate in the Section 8 program list your property with GO8 to get the ball rolling.
How does the Section 8 Program work? The Public Housing Authority (PHA) pays a large portion of the rent on behalf of the tenant, typically 2/3rds, at the beginning of each month (usually sent to the landlord/property manager via first class mail, although many states/counties have recently instituted a direct deposit program) and the Section 8 tenant is responsible for the remainder. Please read the “What is Section 8″ blog for more…
