Section 8 Pandemic Proof #RNTMNY

[Carmelo Oliveri]

Ive been a REI over 20yrs and primarily focused on low income housing, 70% plus of our 300 unit portfolio are section 8 tenants. During this pandemic our collections have been well over 95% even with our cash paying tenants. As many are aware tenants on housing vouchers dont alway get 100% of their rent paid because they work part time or FT jobs and HAP contract amounts are based on their income. Many of our section 8 tenants did lose their jobs and luckily for us they just reached out to thier caseworkers and adjusted they amounts tenants paid(decreased) and housing paid (increased). Hearing from other LL's and watching the news, our low income strategy has been recession proof, pandemic proof and overall great sustainable model.

Carmelo Oliveri

#RNTMNY

www.REI4Dummies.com