Christian Osgood explains why his team shuts down Section 8 properties when drug issues emerge, remediates them, and reopens only when safe. He argues that treating Section 8 housing as a quick-money scheme by placing families in unsafe buildings is unethical and unsustainable.
Chapters
I want to do a quick behind the scenes on Section 8. I've seen all these videos, and you've probably seen them too, with his fancy boats and cars, the yacht, the super house. Hey, I made all my money in Section 8, government-backed checks, I'm rich, you can do this too. Look, Section 8 is fantastic, and we do a ton of it, but it is so nuanced. And at the end of the day, you have to remember you're dealing with people's housing. These are people that you are placing. I see so many people buy these crappy properties with drug problems and take families who are trying to get back on their feet and put them in these properties. Many, but not all of them, have had some family struggles with drugs or alcohol or maybe have struggled themselves. When you put them in these situations, they can fall off the bandwagon. It's really bad for them. People take advantage of Section 8 and they shouldn't. It is not a cheat code to get rich. We have shut down Section 8 properties when there's an existing drug problem. We fix the problem, we open it up again. Keep your property safe. Remember that you're renting to people. This is a business, it is not get-rich-quick.