A Landlord’s Big Picture of Section 8 Housing

Posted by Teresa on December 2, 2008 under Landlord Tips | icon: commentBe the First to Comment

With the proper knowledge about the big picture of Section 8 Housing, landlords can benefit from the programs as well as those they were created to serve.  Section 8 housing programs help the elderly, very low income families, and people with disabilities to find affordable housing in the community (or neighborhood) of their choice.

As an approved Section 8 landlord you can expect the following:

  • Tenants come to you already approved for the program.
  • Tenants are very eager for a fresh start, and know if they are ever evicted they will lose their Section 8 approval.
  • A large portion (generally around 70%) of your rent each month is paid by the local housing authority, and you can count on its arrival!
  • The rest of the rent is collected directly from the tenants, usually with little effort.

With a waiting list of eligible renters, most landlords find doing Section 8 business is great business!