Section 8 is a government subsidized program that provides payment of rental housing assistance to private landlords on behalf of lower-income tenants. This means that, provided your property qualifies upon inspection, you can be guaranteed payment of a significant portion of the rent each month from the government. While Section 8 Housing may seem risky due to the financial state of its beneficiaries, it can be a good source of profit when aligned with a proper business model.

The Bigger Pockets Blog tackled common myths associated with Section 8 Housing in a January 16, 2015 article. Click here for the full text article. As you can see, there are some important pros to consider when deciding upon accepting a Section 8 tenant.

Of course, wherever there are pros, there are most certainly cons. It is important to note that Section 8 advisors may not always be as responsive as desired when it comes to troublesome tenants. As a result, there is a high likelihood that a troublesome tenant will land in eviction. Evictions of Section 8 tenants require additional service of the suit upon the tenant's advisor thereby costing you more money. Also, if the tenant obtains an attorney, you will likely end up settling to give them time to move their voucher to a new location - a process that takes 90 days.

For more information regarding Section 8 tenants, please give The Rad Firm, APC a call at 310-461-3766.