The pros and cons of renting to section 8 tenants
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- čas přidán 28. 01. 2021
- In this video, I talk about the pros and cons of renting to section 8 tenants. I have experience renting to section 8 tenants and I know from reading forums this can be a touchy subject. Like most things, there are both pros and cons and in this video, I attempt to show both sides.
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Nice to be able to have a property manager. I can’t afford that, I am small time with only one house. Sorry to be so pessimistic but a lot of people don’t have any respect for your property. Unfortunately I found the best thing to do is to raise the rent. Trying to give people a break with low rent just backfires.
So sorry you've had bad luck with your scums of the earth tenants. Believe me not everyone is like that and I wish they would do more in home inspections with tenants. I had one once a year and got rave reviews from my worker. I don't understand why you didn't request one for your property.
I have a section 8 tenant. She took good care of the house and we have a good relationship. She is happy.
I’ve had great experiences as well.
What boggles the mind is that some tenant have trouble paying the $65
Eh just make sure they are employed and stay on them with using housing department as leverage
Great video!
Glad you enjoyed it
My neighbors are section 8 and the house is a complete mess front yard is dirty to the max backyard grass hasn't been cut in years and they have a whole bunch of trash everywhere.
I’d try finding out who landlord or property manager is and contact them. There are rules they have to follow to continue to receive voucher
Whenever I hear situations like this I wonder how often the home is inspected. I drive by my properties 100 miles away at least every 1 to 2 months and properties in town biweekly. Interior inspections 3 times a year at lease for the 1st year. It blows my mind that a landlord would let problems accumulate. Although I must say I don’t understand why these programs don’t build housing and just work directly with the tenants.
@@Mistermackey This is definitely the way to ensure your property stays in top shape.
Thank you
Thanks Walter!
Hi Matt- great video. What areas do you invest in and any good section 8 property managers you would recommend?
when buying multiple houses for section 8 do you try to keep your purchases in specific region so property manager is local and handles all rentals ? or do you just hire multiple companies
Not every tenant is going to be that section 8 tenant from hell, I was a section 8 tenant and left the place in mint condition. As it looked when I moved in. $65 ? I paid $212. 00 whoever can't pay 65 $ for rent it's ridiculous! If I came up with $212 a month there's no excuse seriously!
True. I had great experiences with Sec8 tenants
Hi Matt! Do you have any advising on if you inherited a tenant that’s not on section 8 but want to place a section 8 tenant in the property?
Yeah. I've tried over looking property destruction and bad house keeping as long as it wasn't too bad. It doesn't work. Problems snow ball. The house becomes unlivable. Eviction is sure to follow. Expensive clean up and remod
I see in a lot of your videos you mentioned a grade on a neighborhood. How do you come up with that. I’ve searched your channel and may have missed it it but I’m just getting started so I’m just checking. Is there anyway to do a consultation with you?
Just have to determine how much hood you're willing to deal with.
Great video I have section 8 and everything you said is so accurate thank you for the video
Thanks !
My section 8 tenet a did an addition to my home. made a third room. I have a condo. My condo was a 2-bedroom one bathroom. She had someone come in and section off my Livingroom making a bedroom downstairs. My insurance was compromised on my home. Although I had renters' insurance secondary to my home insurance, the problem was that this unlicensed unpermitted room would have voided my insurance if something would have happened. She had someone come in and do the work creating the room. I only found out when we had a leak at house and the neighbor called, she did not. So now we see why. she did not want us to find out. I had to contact attorney. This was the first time we had ever rented. We screened her ran credit check. Still, this happened
She had been there for 1 year we checked 6moths ago. My lawyer told section 8 that a licensed contractor had to take it down because they drilled studs in the wall and may have compromised wall. They drilled a beam with studs for the boarder wall, my home insurance and association said the same. Also, my lawyer reported it to city they came to inspect. Section 8 called me and said you can hire someone to take down; they called me directly kept asking why a licensed contractor needs to take down. I told them that I did not put it up, and that the tenet can take down but must use a licensed contractor. What is crazy the tenet told section 8
that i told them that they could do illegal room..WTF. why would anyone allow someone they have never known to do an illegal addition in their home. That action compromised my home insurance, association insurance, and neighbors' insurance as our condo are all attached (4 homes) what if they hit a electric cable and started a fire.
Section 8 kept calling asking us to take down saying you could pay someone to take down, I said nope. They even asked why you called your insurance. I told them as written to them , the tenet had a leak in the upstairs bathroom, she did not call and tell us, now we know why. The leak was so severe that water drained leaked int garage of my neighbor. The tenet tried to fix the leak and made it worse. He called us. So, we see why she did not want to call us. We called and said you have a leak we will call plumber. We went over to take pics of neighbor's damage that is when we found out about illegal room. My lawyer said section did not want to take responsibility. He said they knew what position she placed me , association and other neighbors. He (lawyer) said when they asked me to pay someone to take down, it would relieve responsibility because they would say oh you did that was caused when you higherd persons to take down., and not by tenet.
He (lawyer) told me as for you calling insurance you did right to inform of this occurrence, this is illegal damage to your home. they should have known. What if a fire or expulsion would have happened due to gas or electric output being hit. My insurance stated a contractor has to take down and repair. The tenet can, but we must have the licensed contractor and number on invoice, list of damage and all repaired. She has to repair floor, internal woodwork due to studs in wall from beams, ceiling. The inner wood of walls may be split, so they may have to be built up ; due to beams require large studs and staircase inner wood may have been compromised. My lawyer said that section 8 did not want insurance involved. He said they wanted you to take down, pay for it so section 8 does not have to. He reminded me, insurance companies investigate and sue...lol. that's why they asked why you went to insurance company
Well we got her evicted, on grounds that she violated her rental agreement. Unlawful addition without permit. that crazy woman told judge that oh she said I could do this. the judge said this woman and her husband has owned their home for 30 years, did not know you when they rented to you. So, i do not believe that they would let you compromise their home, insurance and being sued by everyone if something happened. Mam this was wrong on so many levels.
Section 8 and my insurance settled abt damages with Statefarm. And my home was repaired.
What a crazy story 😂
Really strange...I saw this same commented story on a different video, and the user name was different. It must be a cut and pasted comment here. I seriously wonder if this story is made up or some AI created story.🤔
Story from hell my god. I guess doing very frequent inspections prevents problems arising like this and helps keep you ahead on maintenance
I am looking to invest next spring, and have heard that Section 8 is the way to go, particularly considering the recent rental climate. One con that I've heard, is that Section 8 tenants, can be more difficult through the Housing Authority to evict. Is there any truth in this?
Section 8 tenants have a huge list of responsibilities, not only to the landlord, but the Housing Authority as well. If Section 8 tenants fall out of line, to either party, the risk of eviction is just as high as anyone else. The Housing Authority that pays you will have your back if the tenant is wrong.
@@samantharodrigues2402 Correct.
Other people owe me everything. I want someone who is working 2 jobs to support my life style. Free housing, free food, free education. I sleep until noon. I got 3 baby mamas to visit.
even many working people are dirty etc etc
I am looking for a rental and have section 8
I’m 62 year old female, my husband passed away a few years ago from cancer😢 I have a 31 year old son that lives with me because I don’t get around too well to osteoarthritis. We don’t do drugs, drink or smoke. We don’t have people coming in and out of our house most of our friends and family. We talk to on the phone or video. I only have one grandson he’s 10 years old. He’s autistic and he lives with his dad in Texas. I currently reside in Michigan but I’m looking to rent an affordable two bedroom one and ahalf/2 bath mobile home or apartment if in a safe area. I have guaranteed income 3000 a month I own my home in Michigan which I will be selling.
I’m looking for a forever place. I don’t want to get up and move again. I’ve been living here for 14 years. I own my home and I just want my forever rental. I do not want to maintain a home or owned property. I’m too old for that.
I am writing this as of the middle of April 2023. Hoping I can be out of here by the summer if I can find a reasonable place to rent in Florida. If you know of anybody who’s looking for a good tenants that have guaranteed income that that are clean and decent and quiet and pay their bills on time then please reach out. Thank you.❤
A fun, watching your more of your video I have to say, I’m not so sure at my age if section 8 is suitable for me. I’m looking more at safety and living in with their safety and respect a lot of young people nowadays just don’t respect, elderly people and I don’t wanna be put in that situation where I have to worry about anything getting broken into when I leave my home or my safety walking outside of my home to get into my vehicle Or if I even have any wheels on my vehicle😂 if you know of anyone, that’s looking for a person such as myself in my situation, I would really really appreciate you. Let them know that I’m here and I’m looking. I have nothing but time so I spent hours upon hours a day scouring Florida for a good place to rent with a respectable landlord or management company that care about their their people.
Nicely said. Since some people just think all tenants live in filth. You got nice people who take care of the homes they are renting under government housing. Yes if done correctly and landlords maintain checking on their property it can benefit and save them alot of money on their property.
Absolutely! A lot of times tenants feel more valuable by their landlord or management company. If the management company/landlord come around every so many months and ask them how are they doing you know are they OK? Is there anything that you know? Is there any issues. It gives the landlord management company a chance to enter the home, evaluate and address. Any concerns That the renter may have. Specially, elderly, elderly people need a little help from time to time, they can get feeling like the changes around them are moving so fast and that all the young people are moving in and they start to feel a little bit for their safety they need reassurance just like any other renter that the management company/landlord gives a hoot.😊
Tenants are tenants regardless of whether or not there's a voucher. I could tell you the horror stories I had to deal with before section 8. And I was constantly chasing them for rent.
Likewise! I had a Sec 8 tenant, while she (single mom) wasn't that bad, she had a couple teen girls who had POS boyfriends. Cops a few times...blah, blah, blah.....finally sold the house, wasn't worth it. Don't EVER rent to a Sec 8 applicant!......PERIOD!!
👏👏👏
You could always tell when The Hud department was going to do an inspection Because that's When all the husbands and boy friends packed their bags And moved out for the day
The con is dealing with unprofessional. The government contracts with local non-profits to manage their section 8 programs. They are a bunch of amaturws tha6 don't know what they are doing. I've gone weeks without getting my first rental payment or deposit. Yet a tenant is living in my home. The amount of excuses that they have had for not pay9ng me are ridiculous. They give me the run around. The worse part is that it seems as if landlord rights are not valued. Santa Barabara County HUD is so unethical in my opinion.
Can you sell your section 8 house as the landlord?
You can sell any property you own, but if you have a binding lease with any tenant, then you are obligated to live through the lease term. You cannot decide in the middle of a lease term to sell a property and kick out the tenant. Basic contract law applies here as anywhere else.
and if you do kick them out in the middle of the lease, you better be prepared to pay a relocation fee of $2000-$5000 for their moving expenses, storage and finding housing elsewhere
@@titansdevaiam8269 Says who?? What about if you do not renew the lease at the end of the lease term?
I bought a house with section 8 inside. I just changed the landlord's information with section 8.
I am a good tenant. I rented from a guy for 12 years before he sold his property and left me homeless. He always had his rent on time because I worked 2 jobs. But he had a gambling habit and gambled away his deed. He only had to come out and replace wiring, pipes or roofing. Anything else I took care of because he was so slow about fixing minor things.
The one thing I hate about renting from section 8, is company’s always wanna stick you in undesirable neighborhoods.
Some residents take care of your property better than people not on section 8.
What people fail to realize is,…. ? If you damage a home while on Sec.8, they make you pay, or lose that voucher and pay more
"Undesirable Neighborhoods" you get what you pay for. Never ceases to amaze me, that a sec 8 tenants complain about a almost free place to live, and in some cases HUD pay 100%. Do you think the taxpayer, is suppose to put you up on snob hill.
No they don't..Why you think people are bowing out of taking section 8 vouchers..They destroy the property..No skin in the game..
No. THe landlord pay for damages.
@@dcg590 no
I'm 54. We spent 7 years on Section 8 during my teenage years. It helped my mom to gradually earn promotions at her workplace, and not have to struggle with 2+ jobs. But we moved EVERY year. Many of the places were run down apartments or houses.
My mom kicked us out the house when I was 18 and my brother was 17. I was in college in another state, 2,500 miles away. I definitely remember her phoning me at 6am on a Saturday morning to tell me to come pick up my belongings by a certain date or she'd put it all on the curb. She then rented a 1-bedroom at full market rate because she wasn't going to take care of two adults. I flew home and bought 2 trunks and shipped them via Greyhound and flew back to college. My roommate was surprised that I no longer had a home to go to anymore. Her parents owned the home they custom built.
While on Section 8, mom told us if we don't own it then we were not to damage the home: no holes in the walls - decorations and photos went into bookshelves and etageres only; no playing in the house - only board games at the table.
We cleaned those homes daily. We washed walls once a month and kept the home clean and organized inside and outside. When we lived in houses, she paid for the lawn and yard work herself and never asked the landlord for reimbursement. The owner of the last place she rented was very sad she was moving on. She eventually bought herself a 2-bedroom condo and retired after 23 years from a nationwide bank.
Not all Section 8 voucher holders are bad tenants.
Obey all S 8 rules , n they help u out a lot 👍💸👍
Before becoming a section 8 tenant do you have to own the home?
I’m just being nosey
Obey
All
Rules
What if they destroyed your home, and they are too poor to pay back for damages
If you did not vet the prospective tenant, then any such problem would be your own fault in large part. As a landlord, you need to vet your tenants regardless how they pay rent. Any tenant whether or not s/he is a voucher recipient could "destroy your home." This is why you should vet all prospective tenant, and it is why there are annual inspections of properties that receive housing authority payment.
@@user-lz6dm5lk9y i never thought of that. Thanks!
@@victorpham4221 You are welcome.
what many landlords do to the poor is one million times worse
@@mikeodee1164 Like what?
I don't need the $$$ that much!
Sweet! Send me some!
@@MattTheMortgageGuy I only charge $300 a month, the property is off the grid on the big island.
Some section 8 tenants have fulltime employment. They all dont just sit at home and live off the goverment.
your 100% correct
@@MattTheMortgageGuy 🍬🍭🍬🍭🍬 ♥️
I got fooled by this tenant who showed me her tax return. Once she got in, she was home 24/7. Every different months, she had a new thug boyfriend in the house with her and her kids playing loud music.
if u want a section 8 tenant to respect you u cant rent them severe health hazard unlivable apts with tics bats asbestos etc etc
Exactly, it’s a 2 way street. Provide safe and clean housing, in return demand timely rent and care of property.
The pros to section 8??? There aren't any.
And imagine someone coming to you and saying there's this great program where you pay yourself so someone else can use something that you own. You'd laugh them out of your face.
If you want ex-cons, drug addicts and gang bangers destroying your rental property then go Section 8 at full speed. If you want a more simple life, dealing with fiscally responsible people then avoid Section 8 vouchers like the plague.
That hasn’t been my experience at all
Agreed. A landlord has to vet potential tenants, and no landlord has to accept any and all tenants who have a voucher. If a landlord is not selective in the vetting process, then the landlord is likely to end up with undesirable tenants be they voucher recipients or not. I am appalled by people who do not think about these things in a logical way and then make blanket generalisations about things such as voucher holders. Saying all voucher holders are ex-cons, drug addicts, and/or "gang bangers" is. like saying all members of any group or class (pick any you like) are the same. Are all students the same? Are all parents the same? Are all employers the same? Well, neither are all voucher holders the same.
your bs fools no one max
@@user-lz6dm5lk9y My section 8 tenet a did an addition to my home. made a third room. I have a condo. My condo was a 2-bedroom one bathroom. She had someone come in and section off my Livingroom making a bedroom downstairs. My insurance was compromised on my home. Although I had renters' insurance secondary to my home insurance, the problem was that this unlicensed unpermitted room would have voided my insurance if something would have happened. She had someone come in and do the work creating the room. I only found out when we had a leak at house and the neighbor called, she did not. So now we see why. she did not want us to find out. I had to contact attorney. This was the first time we had ever rented. We screened her ran credit check. Still, this happened
She had been there for 1 year we checked 6moths ago. My lawyer told section 8 that a licensed contractor had to take it down because they drilled studs in the wall and may have compromised wall. They drilled a beam with studs for the boarder wall, my home insurance and association said the same. Also, my lawyer reported it to city they came to inspect. Section 8 called me and said you can hire someone to take down; they called me directly kept asking why a licensed contractor needs to take down. I told them that I did not put it up, and that the tenet can take down but must use a licensed contractor. What is crazy the tenet told section 8
that i told them that they could do illegal room..WTF. why would anyone allow someone they have never known to do an illegal addition in their home. That action compromised my home insurance, association insurance, and neighbors' insurance as our condo are all attached (4 homes) what if they hit a electric cable and started a fire.
Section 8 kept calling asking us to take down saying you could pay someone to take down, I said nope. They even asked why you called your insurance. I told them as written to them , the tenet had a leak in the upstairs bathroom, she did not call and tell us, now we know why. The leak was so severe that water drained leaked int garage of my neighbor. The tenet tried to fix the leak and made it worse. He called us. So, we see why she did not want to call us. We called and said you have a leak we will call plumber. We went over to take pics of neighbor's damage that is when we found out about illegal room. My lawyer said section did not want to take responsibility. He said they knew what position she placed me , association and other neighbors. He (lawyer) said when they asked me to pay someone to take down, it would relieve responsibility because they would say oh you did that was caused when you higherd persons to take down., and not by tenet.
He (lawyer) told me as for you calling insurance you did right to inform of this occurrence, this is illegal damage to your home. they should have known. What if a fire or expulsion would have happened due to gas or electric output being hit. My insurance stated a contractor has to take down and repair. The tenet can, but we must have the licensed contractor and number on invoice, list of damage and all repaired. She has to repair floor, internal woodwork due to studs in wall from beams, ceiling. The inner wood of walls may be split, so they may have to be built up ; due to beams require large studs and staircase inner wood may have been compromised. My lawyer said that section 8 did not want insurance involved. He said they wanted you to take down, pay for it so section 8 does not have to. He reminded me, insurance companies investigate and sue...lol. that's why they asked why you went to insurance company
Well we got her evicted, on grounds that she violated her rental agreement. Unlawful addition without permit. that crazy woman told judge that oh she said I could do this. the judge said this woman and her husband has owned their home for 30 years, did not know you when they rented to you. So, i do not believe that they would let you compromise their home, insurance and being sued by everyone if something happened. Mam this was wrong on so many levels.
Section 8 and my insurance settled abt damages with Statefarm. And my home was repaired.
@@sierria64 What a nightmare!!! I am so very sorry you went through this!!! I would have been livid!!! I must point out, though, that ANY tenant might have done this to your property. The fact that your tenant paid her rent in part via a voucher does not logically translate to all voucher holders are bad or all voucher holders would do something like this. I repeat, ANY tenant might have dome this or something similar. It is the particular tenant and not the way she pays rent that is to blame.
So, to be clear, are you saying that the housing authority reimbursed you for everything?
Take out the weird ass music!
This guy is a salesman, like ALL salesmen he is SELLING.....
What is there to sell? You think I get paid based on if you rent to section 8 tenants? 😂
Waste of taxpayers money.
9 out of 10 black
No section 8!
Sec 8 needs to go. So many entitled lazy people