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Updated about 5 years ago,

User Stats

33
Posts
43
Votes
Steve T.
  • Real Estate Investor
  • Norfolk, VA
43
Votes |
33
Posts

SECTION EIGHT-DON'T HESITATE----

Steve T.
  • Real Estate Investor
  • Norfolk, VA
Posted

RUN!!

It has been a while since I have been active on this forum- and the main reason is SECTION EIGHT!

Let me explain.  I have 17 units of mostly affordable housing for moderate to lower costs renters which I turned over to a management company.  They convinced me to accept sect8, for  all of the usual reasons. One of the absolute worst decisions of my life.

These tenants completely destroyed most of my units, doing thousands of dollars of damage to most, constant maintenance issues, constant trouble with the neighbors and police, and a lifetimes worth of headaches and problems for me. 

They all, each and every one, had entitlement issues, were ultra-disrespectful to management and maintenance workers, and tried to get away with whatever they could. It quickly went from bad to worse to god-awful, with the last part of a year getting them out and recovering my properties. 24 months of my life were spent cleaning up this mess I never should have gotten in the first place.

government beauracracy 

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