Reply to Has anyone rented to a section 8 tenant or been a section 8 renter?

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[quote=Anonymous]Honestly, my Section 8 tenants were my BEST tenants by far. One, I NEVER had to worry about late rent.  Maybe 1-2 times in 10+ years.  And I ALWAYS had tenants lined up.  Place was never vacant for long.  In an area with a depressed housing rental market, that is gold. Also, in a depressed rental housing market, you will likely be able to rent at the high end of that market for the housing type.

The damage issue is very real and it can be a trade off.  The reliable income and occupany may outweigh the potential damage for some. But it is generally true that the money you save due to vacancy carrying costs will go to damage repair once the lease is over. I had a good experience becuase my jurisdiction was know to kick people out of the program if they really trashed a property.  Besides that, I had an upkeep rider in my lease that permitted me to do certain upkeep and repairs as we went along.

Tenant screening is a must.  Both of my Section 8 tenants were responsible working poor.  My house was very nice for Section 8 housing and they appreciated that.   So they kept up the property. 
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