All Forum Posts by: Maksud H.

@Brian, yes Worcester is a problem area but the ROI is much better than any other regions in Mass. I bought the three- family for 333k a year ago who is generating around $50k per year. I don't think you will find anything near to this CAP in Boston area.

Sorry for late response. I used mainstream insurance agency. Kathleen is there agent who helped me. 

Hello Guys,

I have a three-family  house and four bedrooms in each unit in Worcester, MA. I need advise on the home owner's insurance. Currently, I am paying $2700/year for a 800k dwelling.  Do you guys think the price is good?

I appreciate your response.    

Thanks everyone for the responses. The only option left to me is to sign the contract with Section 8. 

@Deanna McCormick @Raul R. Yes, initially I signed the paper but there was an issue between tenant and section 8 and then section 8 was taking longer than expected. That is why, in the middle of the processing tenant told to my agent that regardless of section 8 approval she is going to pay me full rent and on the basis of that the lease had been signed. But Recently they approved her the section 8. My issue is middle of an existing lease, she is forcing me to accept section 8. 

@JD Martin They already inspected and approved the unit for section 8. The tenant applied for it.

@JD Martin   

The tenant made the attempt to reach out to the section 8 and they already approved the unit with section compliance. The section 8 people already sent me the paper works that needs to be signed and return to them.

@Shawn L. I'm not discriminating section 8. I'm just wondering if a tenant can break an existing lease  (without section 8 clause) and force me to re-contract a three party contract(Landord-tenant-section8).

@Deanna  Thanks for the response. The tenant made the attempt to reach out to the section 8 and they already approved the unit with section compliance.   The section 8 people already sent me the paper works that needs to be signed and return to them. 

@Andew the reason I'm reluctant to take section 8 is that I already have a lease agreement in place for this year and for the next year I might accept her section 8. And it's very tough to reach out to Section 8 people and they are  not responsive enough. What if they take another 4 to 5 months to start paying me. Though they are saying they would pay me all the previous months; portion of the rent. I'm confused if I should go for it or not.

Hello there, 

I need your help. I have a lease with my tenant which is just 3 months old . Currently, the tenant got section 8 approval and asking me to accept the partial amount from section 8 and she stops paying me the amount that section 8 will pay me. So, it seems like I need to sign a contract with section 8 org to get that payment. However, my existing lease with the tenant has another 9 months to get completed. Can my tenant force me to accept section 8 in the middle of an existing lease?