Ask the Advisor – Given the current economy, is it wise to accept Sec. 8 tenants?
Abstract: With the economic recovery still in slow motion, an increasing number of landlords may be tempted to accept Section 8 tenants. These tenants provide a dependable cash flow source, and can be better than average low-income tenants. But there are drawbacks, as well. Getting started as a Sec. 8 landlord is easy. The hard part — and one which likely deserves the most thought — is deciding whether Sec. 8 is right for a particular situation.