All Forum Posts by: Laurence Whittam

Thanks to everyone for the advice. Ended up storing all her belongings in the basement just in case she ever reaches out but got the apartment cleaned and rented out within a couple of weeks! Appreciate all the help!

It is in West Orange NJ and the program paid the year upfront. 

Thanks Nathan & James! Very helpful, I will do as both of you mentioned to be safe. Also going to be setting up cameras soon which will help in the future should a similar issue come up again.

Hi Everyone,

I recently bought a few properties that were fully rented with Section 8 SODA Program tenants. I have been in constant communication with a tenant who has no been living in an apartment for work reasons... OK but her lease ran out today after trying for the last month to figure out if she wants to remain a tenant or not. She is not responding to me after many attempts from different numbers...

She has some items in the property but more or less empty. Clearly doesnt live there nor has been in since I purchased the property 3 months ago...

(As a note she is a NY SODA program tenant living in NJ - Paid in full by program but hasnt utilized and still lives in NY..)

What are my next actions?

All help appreicated.

Thanks! The rental agreements look good. I found out it is called the SOTA program by NY State. They pay the first year upfront and it is a program to get people on their feet then they are responsible for payments after year 1.

Thanks Nathan, I will definitely do that. Appreciate the help!

Investment Info:

Large multi-family (5+ units) buy & hold investment in West Orange.

Purchase price: $720,000

Recently bought 6 Units as my first major investment with a partner. Section 8 too so 5 out of 6 units had the years rent paid upfront.

What made you interested in investing in this type of deal?

I have 1 other multi family unit and wanted to expand.

How did you find this deal and how did you negotiate it?

Real Estate Agent, who was looking for 3 units and found this great deal.

How did you finance this deal?

Cash

Hi Nathan,

A checklist to help keep track of managing my own property.

Cheers

Laurence

Hi Everyone,

I am a new member & investor and would like to know if anyone has a good resource or checklist for property management and portfolio management.

I want to keep everything organized as I am sure there is a lot to maintain.

Any help is greatly appreciated and referrals to a handyman in West Orange, NJ if you have one too!

Looking forward to connecting.