I'm a new Section 8 landlord,
Joined: Apr 2006
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From: Clifton, NJ
I have a Section 8 tenant.
She is responsible for $1 out of $975. Section 8 covers $974. Section 8 even covered the 1.5 month security deposit.
Rent is always on time, and I'll get annual CPI increases.
I've talked to her about 4-5 times in the 18 months I've owned this condo. She's not the greatest person to deal with, but I only have to talk to her if something breaks, and obviously I fix any issues ASAP.
It's a crapshoot. On average, these tenants are more likely not to care about the apartment since it's not their money. However, some are also very thankful for the exact same reason. I have one who is lucky to live a garden-style complex rather than some high rise project downtown.
She is responsible for $1 out of $975. Section 8 covers $974. Section 8 even covered the 1.5 month security deposit.
Rent is always on time, and I'll get annual CPI increases.
I've talked to her about 4-5 times in the 18 months I've owned this condo. She's not the greatest person to deal with, but I only have to talk to her if something breaks, and obviously I fix any issues ASAP.
It's a crapshoot. On average, these tenants are more likely not to care about the apartment since it's not their money. However, some are also very thankful for the exact same reason. I have one who is lucky to live a garden-style complex rather than some high rise project downtown.
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From: Miami, Florida
Originally Posted by Incubus,Jan 19 2011, 10:28 AM
^ There should be some rule about driving nice cars and living in Section 8 housing.
Not that there aren't Sec 8 renters driving around in nice cars...
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From: Addison, IL West side
Originally Posted by NFRs2000NYC,Jan 17 2011, 04:12 PM
Dont listen to the cluelessness in this thread.
Section 8 (with a great tenant) is a gold mine.
1)The myth of section 8 only being in the hood is BS. I live in the second wealthiest part of NJ (short hills) and my daughters nanny is on section 8 in my town.
2)Section 8 provides the landlord GUARANTEED money. Good luck with that from a tenant.
3)There are PLENTY of good people (immigrants) who qualify for section 8 and will take good care of your home. Scot's tenants and 50+ year old immigrants are NOT the same thing.
Don't listen to them. Just find a great tenant, and relax with a guaranteed check in the mail.
Section 8 (with a great tenant) is a gold mine.
1)The myth of section 8 only being in the hood is BS. I live in the second wealthiest part of NJ (short hills) and my daughters nanny is on section 8 in my town.
2)Section 8 provides the landlord GUARANTEED money. Good luck with that from a tenant.
3)There are PLENTY of good people (immigrants) who qualify for section 8 and will take good care of your home. Scot's tenants and 50+ year old immigrants are NOT the same thing.
Don't listen to them. Just find a great tenant, and relax with a guaranteed check in the mail.
It is definitely guaranteed. As you already have mentioned, the only thing you need to worry about is finding good/clean sec8 renters. I agree about the description of Russians and Asians. Very caring and thoughtful about their things. Good luck.
Joined: Jul 2007
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From: Long Island, NY
Originally Posted by Steponme,Jan 19 2011, 08:08 PM
No, no, no. That Chinese guy isn't on Sec8; he's an international college student and wants to rent the whole house with his own (or parents') money. I'm still unsure of his motive for renting the whole house. 
He said he wants a garage for his nice car and likes to live in a house by himself.
What do you guys think could be the possible motives? Or does he actually just want to burn money?
P.S. He's not an American citizen, so obviously he can't be on Sec8.
He said he wants a garage for his nice car and likes to live in a house by himself. What do you guys think could be the possible motives? Or does he actually just want to burn money?
P.S. He's not an American citizen, so obviously he can't be on Sec8.
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Originally Posted by s.hasan546,Jan 19 2011, 04:49 PM
id be very skeptical of that. I wouldn't want a college kid throwing parties; etc. Even if you have money most people wouldn't get above a 2 bedroom for themselves. sounds too fishy. Also it can be a pain to have him evicted if he can't/doesn't pay.
I already stated clearly to him that parties were forbidden; he agreed.
Besides, I don't think he's a partying type, judging by his looks and lack of friends (being new to here and all). I would have no problem evicting him; in fact, I'd go in and physically remove his ass if I had to. I'd simply pick him up and throw him out like a rag doll. It's just that I currently don't truly understand his real motive - living in a 4-br, 3-bath house by oneself is a little too much.
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From: On yo puter screen
Originally Posted by Steponme,Jan 19 2011, 08:53 PM
It's not that he doesn't have money, it's just that I'm skeptical of his motive. His parents are sending him plenty of money; he drives a nearly $100K car, currently lives in a $1500 condo, and pays for tuition 2-3 times that of a local student.
I already stated clearly to him that parties were forbidden; he agreed. Besides, I don't think he's a partying type, judging by his looks and lack of friends (being new to here and all). I would have no problem evicting him; in fact, I'd go in and physically remove his ass if I had to. I'd simply pick him up and throw him out like a rag doll. It's just that I currently don't truly understand his real motive - living in a 4-br, 3-bath house by oneself is a little too much.
I already stated clearly to him that parties were forbidden; he agreed.
Besides, I don't think he's a partying type, judging by his looks and lack of friends (being new to here and all). I would have no problem evicting him; in fact, I'd go in and physically remove his ass if I had to. I'd simply pick him up and throw him out like a rag doll. It's just that I currently don't truly understand his real motive - living in a 4-br, 3-bath house by oneself is a little too much.
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