Your
Investor's Guide on How To SUCCEED in Section 8 Housing Rentals
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Chapter 20 Final Thoughts on Section 8 Landlording
"Honestly, if Section 8 landlording was that easy, you wouldn’t buy the book; you wouldn’t need it. Everybody and their brother would be doing Section 8 housing. No, Section 8 landlording is not that easy, but it does work and it is profitable. The better you get at it, the more profitable it becomes. Don’t listen to the nay sayers who tell you to “stay away” or “don’t get involved”. Chances are they never owned a property in their life let alone a Section 8 rental property. Eighty percent of our tenants were good or average , 10% were pains in the ass but tolerable, and the other 10% are the one’s we’re writing the book about..." "You also get three very important bonuses from being a Section 8 landlord that you don’t get as a private landlord. These bonuses are huge! #1 What appeals to me most is that I get paid on the first of every month. About 90% of my rent is guaranteed by the government and is wired directly into my bank account. I get dollars, not excuses. #2 Tenant motivation – their motivation to pay any portion of their rent is that they know if they are evicted, they will lose their Section 8 packet. There’s a Section 8 waiting list a mile long full of good tenants just waiting for the bad ones to screw up..."
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