(1888PressRelease)
April 01, 2009 - Real estate investors have been hit hard by dropping prices and a soft housing market. Now landlords are feeling the pain due to tenants being downsized or reduction in their income. Get Real The Real Estate Investing Show for the Rest of Us discussed the use of the Section 8 government program available to tenants in need.
Kathy Thigpen, a 10 year veteran of renting to tenants with Section 8 vouchers joined the hosts via phone this week to discuss the ins and outs of the program and her experiences with renting to tenants with Section 8 vouchers.
Kathy explained that one of the major benefits of Section 8 rentals is a monthly on time guarantee of rent. Each month the government provides her tenants rent directly to her on the agreed upon date. This means she has to rely less on the tenants economic position and worrying about being able to get the rent money needed to cover the mortgage and cash flow.
Section 8 is a program that provides housing assistance to tenants on a needs basis.
The money comes from the federal government but is administered by local housing authorities. The housing authorities provide a detailed program to ensure that housing that tenants under this program choose meets their standards for proper and safe living conditions.
More information is available through the weekly show Get Real at getrealrei.com.
Get Real is a top iTunes business podcast that can be heard at getrealrei.com , through a news reader at feeds.feedburner.com/GetrealREI or by searching for “get real real estate investing” through iTunes. Get Real provides a down-to-earth, real world view of real estate investing for current and future real estate entrepreneurs.
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