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Updated about 6 years ago on . Most recent reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Govmit shutdown affecting your section 8 payments ???

Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Posted

Never know what to believe. News this morning was talking about section 8 payments no being made and section 8 appealing to landlords not to evict .. I don't think many would evict over one missed payment given the situation.  section 8 tenants rarely have savings to make up rent that govmit fails to make..

Anyone experiencing this ?

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JLH Capital Partners

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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

I just replaced carpet in one of my rentals and I got it installed the day after they measured. One of their installers is a federal employee by day and does flooring on the side. Since he out of work, he has been taking extra jobs to fill the time. Most likely he will also get back pay for his time time off work, so he told me it is a good deal for him. I was surprised he wasn't mad about it.

This is probably a good lesson for everyone, that you should always have multiple income streams. Call it a side job, side business, side hustle, whatever. No job is safe, which is why I got into rental properties.

  • Joe Splitrock
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