AD(MD), In order for Sec8 to work well for you, a multiple of factors have to be in your favor:
1-you must be an experienced LL, having gone thru the experience of many tenants, probably several evictions, and delt with tenant stories, tenant damage, tenant behavior, etc.
2-you must have experience dealing with personnel from public/government organizations( police, fire dept, Dept of Health, city Code Dept, etc)
3-you must have a well run Sec8 Housing Authority, hopefully LL-friendly, but at least have responsible people/competant people working there who correctly apply the Sec8 policies and keep their clientel in check from mis-use of the system.
VERY SELDOM does all that happen. More often the LL--even if he has experience with tenants and city officialdom--has to work with a Hsg Auth that is non-responsive, arrogant, lazy, and supports private agendas and private policies rather than the actual Sec8 policies. Section 8 offices have a lot of power/authority/clout! They often make their own rules and enforce them.
They set the rent amount you can charge
They can deside not to allow you to raise the rent
They can demand you make changes and improvements to your property, at YOUR cost
They can cut off your payment if the tenant compalains about you or something in the unit
They can not answer ph calls, lose your paperwork, be non-cooperative, leaving you in despirate straits when you need then for something
IF you invite Sec8 into your RE business yuou are taking on a partner who has power over you and will come to control your business. Only the strong and experienced LL can hold up to this kind of controlling partner.
--140.140.xx.x