Hi, renting to a Section 8 tenant is not a good idea due to low rental income and more. This is a concept which is followed mainly outside India, in the USA. Being an NRI, I am aware of the problems you’ll face after renting out your property to a Section 8 tenant. I have shared all the reasons below.
Must Landlords Accept Section 8 Tenants?
Here are a few reasons why renting your property to a Section 8 tenant isn’t a good idea.
The number one reason is the lower rental income. You will have to give your house on rent at a price equal to or lower than the one set by the HUD. In comparison to this, you’ll earn more rental income by giving your house to a non-Section 8 tenant.
Another big downside is the difficulty of asking a Section 8 tenant to leave the property. The local housing society has some regulations which make it way more difficult to evict a Section 8 tenant in comparison to a normal tenant.
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Is Renting to Section 8 Tenants Worth the Risk?
Richard
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August 29, 2020
2020-08-29T13:14:42+00:00 2023-11-30T23:08:29+00:00Comment
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