On this episode of The Most Dwanderful Real Estate Podcast Ever, the topic is Section 8 rentals. Many people don’t even consider having Section 8 tenants because they don’t want to be involved with “those people.” What they don’t realize is that people who use the program as it is intended are legitimately down on their luck and trying to support their children the best way they know how while they try to improve their situation. Dwan has a heart for these families because she really wants to help them get back on their feet with the support they need.
From a landlord perspective, Section 8 is the most consistent income you can ask for. The government is never late on payments, and because there is such demand for Section 8 housing, it is unlikely that you will have a vacant property for more than a few weeks. Considering all of the money that the government takes from you every year in taxes, it is also nice for them to essentially pay off your rentals for you with very little effort on your part. You will, of course, interview the potential tenants and do the unannounced visit to their current living situation, and you’ll set clear expectations when each family moves in. Dwan has never had an issue with her Section 8 tenants because of these practices.
If you haven’t heard, Dwan has dropped the fee to join the Dwanderful.com Membership Site, so now you have access to the document library and the chat box for FREE!
