- The inspector always lists at least a few things that need to be done. Usually these things are extremely minor, but need to be done in order for the rent payments to continue. While I haven't done so myself, I'd imagine that if you get on the inspector's bad side, they can make your life very difficult.
- When I've requested a rent increase from Section 8, I've accompanied the request with comps from the local circulation. The rents of these comps are always a little higher than what I'm asking. To date they have not denied any of my requests.
- The rents are near the top the fair-market value range.
- Rent is always in your mail box, on time.
- Section 8 tenants have an extra incentive to take care of your place and pay their rent on time: if they don't, they lose out of the free money. This is powerful = )
Sunday, October 29, 2006
Do-it-yourself landlord has a great post here about Section 8. I have been dealing with Section 8 for over two years, and have no real complaints. Here are a few things that I learned: