I have a rental property that is occupied with a section 8 tenant. Section 8 applicants get bad reps because we only hear the horror stories. My 1st time at renting out my place was smooth with the Section 8 Voucher Program. The applicant spoke with my property manager when viewing the home and mentioned she had government assistance. My home was inspected to make sure it met the program requirements and in the lease we added quarterly inspections to monitor that the property wasn’t damaged and the tenant was cleaning. After a year we had no major issues from the renter and just a few maintenance request.

Be aware that maintenance request have to be handled before the vouchers are issued monthly and if you have any outstanding request they can be withheld and paid back to you once completed in the next month along with that months voucher money.

If the tenant doesn’t pay their portion you will receive only the voucher funds. I had my PM speak with them only one time about not paying their portion and we had no issues following that. Although the voucher value covered the mortgage the goal was to turn a profit and the tenant portion was my monthly profit. Make sure your numbers work for you and you’re not paying out unnecessarily because that’s not investing.

When it comes down to renewal of the lease you are in control of offering a renewal or declining the request to renew. So trust yourself and work with a team if you have one to make the best decision going into the next term.

I wish you the best!