Want to know how helping out with affordable housing can be profitable and rewarding.
In this video you will learn the following…
• Benefits of Section 8/Subsidized Housing
• How it Works
• A Look at the Numbers for Investors
Click here to watch it now!
Top 5 Advantages for a Landlord Renting to Section 8 Tenants
What is Section 8 housing?
Section 8 is a housing assistance program that helps low-income families, elderly people, and individuals with disabilities afford safe and decent housing in the private market.
Although some landlords are hesitant to rent to Section 8 tenants, there are several advantages to doing so.
Here are the top 5 advantages for landlords renting to Section 8 tenants:
1.Guaranteed Rent Payments:
One of the biggest advantages of renting to Section 8 tenants is the guarantee of rent payments.
The housing authority pays a portion of the tenant’s rent directly to the landlord each month, which means that the landlord can count on timely rent payments.
This is especially beneficial for landlords who have experienced difficulty with non-payment of rent in the past.
2. Large Pool of Potential Tenants:
Section 8 provides a large pool of potential tenants, including families, elderly people, and individuals with disabilities.
This means that landlords can choose from a wide range of potential renters and increase their chances of finding a tenant who will take care of their property and pay rent on time.
3. Longer Tenancy:
Because Section 8 tenants often face difficulty finding suitable housing, they tend to stay in their rental units for longer periods of time.
This means that landlords can enjoy longer tenancies and a more stable income stream, as well as reduced vacancy rates and turnover costs.
4. Rental Assistance:
Section 8 tenants receive rental assistance from the government, which means that they can afford to pay higher rents than they might otherwise be able to.
This can be especially beneficial for landlords who are looking to charge higher rents and earn more income from their rental properties.
5. Screening Assistance:
The housing authority that administers the Section 8 program can help landlords screen potential tenants for criminal history, creditworthiness, and other factors.
This can help landlords make informed decisions about who to rent to and minimize the risk of renting to problematic tenants.
Don’t forget, I lead the Encore Investment Team of Realtors. We will guide you along the path of successful investing. See below to book a strategy session.
Join LeAnn Riley’s Real Estate Investing Made Simple Club. Click here to join