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Reply to "Section 8 housing investing"
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[quote=Anonymous][quote=Anonymous]Do they pay more than others? Why would you get sections 8? They usually come with other problems that all complicate their life. My friend rented a room from section 8 guy and the hid me in the bedroom. I've never met more messed up people in my life. Super good at tricking everyone though and acting like they are doing something day in and out. [/quote] It is illegal for a landlord with multiple units to charge higher rent to a Section 8 tenant than a market rate tent. The incentive is supposed to be the income-based portion that the tenant is able to pay and the government guaranteeing the rest, but there's still lots of risks as you said. One issue that often comes up is a kid turns 18 and starts working retail and the additional income raises the rent, but the kid won't give mom any money, mom can't pay the new rent share and falls way behind and it's on the landlord to collect/evict.[/quote]
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