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

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[quote=Anonymous][quote=Anonymous]I'm affiliated with a social service organization in VA.  My experience with Section 8 clients is that their life situation is precarious.  Yes, they are working poor living in an area with a high cost of living, but they quite literally live from paycheck to paycheck and one unexpected expense, one health issue causes a major catastrophe.

My organization provides relatively small emergency funds to clients (majority are section 8) to assist with groceries, utilities or medical bills.

Yes, your rent will be paid on time, but perhaps utilities will not...or, your tenant will scrape together enough to pay rent and utilities, but then will not have any money left to fill the car with enough gas to get to her part time job and so will miss a few days of work until we get her some money.  [/quote]

This is a risk you take with many tenants, Section 8 or not unfortunately.  Most people are one medical bill, layoff, or unexpected circumstance away from being able to meet their rent or mortgage.  The advantage with Section 8 is that the HUD portion of the rent is always guaranteed, on-time, direct deposit.  Also, HUD in most cases pays above-mark rate for the units, so a landlord can make more than they would on the open market even with the risk they take.[/quote]

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