Comments on: Renting to Section 8 Tenants

By: ericat

ericat — Sun, 17 Aug 2008 18:56:20 +0000

I have been a Landlord for going on 7 years now. I have had section 8 tenants too. My biggest concern is selecting tentant that have the capability of paying their own utility bills. I have had several past tenants to walk off and have an over the top utility and water bill(even though the bill is in their names). The voucher does not cover utility and water bills.

Additionally I was told to charge high enough rent, so that it may cover the utility costs, however, when a voucher recipient is on a fixed income or is not working at all, the higher the voucher, the higher the tenant’s out of pocket rent (tenant’s portion).

By: fliprent

fliprent — Mon, 23 Jun 2008 14:34:34 +0000

Thanks! Yes I know of Rick Otton. I never bought his mentoring program but he’s obviously done very well!

By: Banjo Smyth

Banjo Smyth — Mon, 23 Jun 2008 14:24:22 +0000

Nice site mate

have you heard of Rick Otton? I couldn’t see anything about him on this blog but he is the King of flipping/rent to own etc in Australia. He has also spent a lot of time in the US. I think he used to have his own TV show.

Cheers Banjo

http://www.BanjoSmyth

By: fliprent

fliprent — Fri, 20 Jun 2008 22:09:33 +0000

Yes I know what you mean about the inspections. I usually buy rehabs and fixer uppers. I usually have permits and city inspections already so things tend to go a lot smoother.

By: jp moses | REI Tips

jp moses | REI Tips — Fri, 20 Jun 2008 18:12:59 +0000

I’ve been a section 8 landlord for 4 years. The monthly income is great, but dealing with the inspections is aweful and makes me question the whether the whole program is even worth it. No matter how careful we are and how much we pay attention to detail, it’s like the inspectors feel like it’s their job to fail you the first time and usually the second.

Thanks for the summary above though. I’m sure it’ll be helpful to those considering the section 8 system.

…jp