At Bailey and Hunter Realty, we work with a lot of international investors and property owners who are not local to the Atlanta area. If this describes you, one of the best investments you can make is a Section 8 house. Today, we’re going to spend some time talking about why this opportunity is especially beneficial to you.
Our experience has shown that the average Section 8 tenant stays in a property for four years. This is a longer than average tenancy, especially when you compare it to non-Section 8 tenants. When you know you’ll have the same tenants in place for several years, you can save on the turnover expenses that come with losing one tenant and looking for a new one. You have fewer vacancies and a property that’s being occupied and cared for by people who consider it their home.
Another great benefit to the Section 8 program is that rent collection is extremely smooth. You won’t have to worry about chasing down late rent from tenants when you’re in another time zone. There are no grace periods and late fees; you get your rent at the same time every month. As long as you keep the investment property maintained and habitable, you’re going to be sure that you have a rent check coming in on time. This provides a lot of peace of mind, especially when you live hundreds or thousands of miles away from your property.
Taking care of your investment property gets easier when you’re working with the Section 8 program. When you’re in another country, you don’t have to worry about managing all the things that could go wrong with your tenants. There is no concern that rent won’t be paid because someone lost a job or got sick or had to travel when there’s a death in the family. Fewer logistics and variables mean a more efficient way of being a landlord.
International investors need even more from their property managers than local landlords. If you have property in the Atlanta area and you live out of the country, consider the Section 8 program as part of your investment plan. If you’d like to hear more about the benefits, please contact us at Bailey and Hunter Realty, and we’d be happy to talk to you.