Renting To Section 8 Tenants

Another advantage of section 8 tenants is the large pool of available tenants.

Renting to section 8 tenants. If you have struggled in the past to collect rent from. The rent is guaranteed and deposited at the same time each month provided the property is maintained. Accepting section 8 tenants increases your tenant pool.

There are different procedures and requirements a landlord must follow when renting to a section 8 tenant than when renting to a tenant who does not receive this housing choice voucher. Learn six risks that a landlord may face when dealing with the section 8 program. The main advantage of renting to section 8 tenants is that you collect rent that is partially paid by the government.

There s also a middle man involved which is the city or the county housing authority that is basically dispensing the money that the government is providing for that tenant s housing assistance. The public housing authority will either mail you a check or they will deposit the amount directly into your account. Rent is paid on time one of the biggest perks of renting to section 8 tenants is having 70 of your rent paid right on time each month.

Section 8 is a rental assistance program run by the government. Renting to a section 8 tenant therefore provides the advantage of receiving the rental payment consistently each month. The problem with section 8 is the housing authority.

Government section 8 payments are generally prompt and you do not need to worry about the government defaulting on your payments.