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Real Estate
Reply to "for landlords - renting to section 8 tenants"
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[quote=Anonymous][quote=Anonymous]I have a Section 8 tenant and it's worked out fairly well so far. However, currently they pay 100% of the rent. The thing you have to be careful about is when you have a split in the rental share between the housing authority and the tenant. The formula they use doesn't leave the tenants much wiggle room if the tenant makes a poor financial decision or has an unexpected expense. The one advantage you have as a landlord is the leverage that if they [b]don't pay or trash the place their section 8 benefits can be terminated [/b]and most people on section 8 will try to avoid that.[/quote] Can you clarify this? We have a section 8 renter next door who has completely trashed the place. Landlord wants her out but says he can't because rent is up to date because section 8 is paying it. It is so badly trashed I can't even begin to describe it. [/quote]
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