Pros And Cons Of Section 8

Cons the main drawback to section 8 rentals is that you have little to no control over what you re able to charge in rent.

Pros and cons of section 8. Some section 8 assistance covers an entire project or set of units. You ll also need to be prepared to rent out property in areas that are generally low income. It can be profitable the housing authority is not as difficult to work with as many people think and properties usually rent more quickly lower vacancy rates mean even more profit.

Property condition section 8 has some pretty strict rules about the repairs that you have to make in order to get a property unit approved for their program. Because section 8 tenants are less financially invested in your property they also tend to be a little less concerned about proper upkeep. Pros of section 8 you ll generally not need to worry about the section 8 paid portion of the rent being late as it comes directly from the local public housing agency every month.

The delay in payment is something to keep in mind when deciding if you d like to go with section 8 tenants. Disadvantages of section 8 depending on who you ask there are few and comparatively minor disadvantages to accepting section 8. Another risk of renting to a section 8 tenant is the belief that section 8 tenants are very destructive.

There are a variety of reasons for this. It is directly deposited into the landlord s bank account by the county or city on the same day each month. Pros cons of section 8 choice.

Tenants must meet and adhere to certain requirements of the section 8 program or potentially be faced with being dropped from the program. Pros of section 8 rentals government subsidies mean that your rental income is more assured than in other cases. Section 8 is a government backed agency and there are no promises if your paperwork gets lost in the control.

2 because these tenants are low income and not all landlords accept section 8 they don t have many housing options. First unlike the agency s public housing program which consists of low rent units at fixed sites most section. Hud will calculate fair market rental standards and your property will have to meet them.