Section 8 Rental Property

By Author: Zack Wiest
Total Articles: 6
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Do you currently own a few residential rental properties, or are you looking to build a rental portfolio? Certainly renting to a Section 8 tenant has or will cross your mind. There is a negative stigma attached with renting to a Section 8 tenant and nothing is further from the truth.

Myth #1 – Is that the tenant will destroy my property. This is could happen but that can also occur with a private tenant. Speaking from experience, our firm has seen great success rates with Section 8 tenants. If a Section 8 voucher holder is found to have damaged a property and does not pay for the repairs, their voucher will be revoked for 5 years. This can be a severe consequence for a Section 8 tenant that needs this voucher. The housing authority will enforce this policy and has for our firm.

Myth #2 – The Section 8 Rental Property Inspection is too difficult. Yes, this is the case if you want to be a slumlord. The standards Section 8 requires are guidelines from HUD home standards. As a long term buy and hold investor you need to be maintaining your property and not one of the Section 8 housing requirements ...
... are unrealistic. At times the inspector might get a little picky but build rapport with the Section 8 office a become great landlord in your area and things will get a lot easier.

Consider not every landlord they work with is keeping their property maintained and once you are known as one that does, the way you are treated during inspections will reflect this. Section 8 is a great option and should be part of any residential real estate long term buy and hold investment plan.

At PA Deals we offer fully renovated, top-notch, cash flowing properties plus all of the support you need to become a successful long-term buy and hold investor. Do not fall victim to a get rich quick scheme, get wealthy for life with PA Deals. Visit www.padeals.com to learn more now about this unbelievable opportunity!

Zack Wiest is owner of PA Deals, LLC. They are a residential real estate investment firm located in Harrisburg, PA. Though founded in 2006, the principals of the company have been investing in real estate since the year 2000. You can find out more about us at http://budurl.com/padealsbmpart