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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (7176)	12/6/2002 11:37:17 PM
From: Doughboy	Respond to of 306849

Yes, disabled and elderly are probably good Section 8 tenants. I certainly expect greater wear and tear on apartments with children and off-the-books tenants, but I suppose that's all part of the reason you get higher than market rents. I'm especially targeting 2- and 3-bedroom apartment buildings, though, as I am told by advisors that that is where the greatest demand is. But that probably is where you're going to find the greatest number of big households. It's a consideration. One thing though to note is that the Section 8 is a very valuable object for the tenant, and with current two-strikes and you're out policies of HUD, there's got to be a lot of pressure to stay in conformance with one's lease. I have to say that I think that all the nightmare stories about Section 8 is a product of a lot of exaggeration. Having been a tenant rights advocate for a summer job, I can tell you that from the tenant's perspective, they believe that the LL is the one holding all the cards and live in terror of losing their apartment or their Section 8.