All Forum Posts by: Mavely Pazmino

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

We have about 30 props in Akron, I would never in a million years even think about self-managing, why? Its like 100 bux a month, meaningless fee for them to handle it all

Good luck

That was a momentary lapse in judgement lol. I recovered and hired a PM who specializes in S8

Hi Rhianna, interested in connecting with you about the Akron Section 8 Property Manager. Im currently looking to buy in Akron as well, and will eventually need a Sec 8 Property Manager.

0 Votes

Akron, Ohio

Interested in thoughts/experiences with the initial purchase and the refi on a BRRRR in Akron. I'm an OOS investor. We're interested in cash flow and recycling our money. (Our first BRRRR but not our first rental). Interested in section 8 tenants.

We will be using a HELOC as down payment, however what can we expect when buying a distressed property in B/C neighborhoods in Akron for a BRRRR?

We want to use a hard money lender and use HELOC for 20% down payment…
should I be worried that once I buy and rehab I wont get a high enough ARV to refinance in order to payback my HELOC and HML?

What's the lowest hard money Lenders lend with SFR/Duplex properties in Akron?

2 Votes

Akron, Ohio

Quote from @Jack Krusinski:

Hi Julie,

I'm sorry to hear about the troubles you've been having with property management in Cleveland. I understand how challenging and frustrating it can be to deal with unreliable property management, especially when you see the potential in your property. Check your inbox! I sent a few over to you.

Can you please also share with me?

0 Votes

Cleveland, Ohio

Quote from @David Leggett:

It's definitely tough to find a solid PM in this market. I've worked for a lot of them in this area and they're all pretty much the same, varying from terrible to How the F### are you even in business? I'd be happy to give you my recommendations for some companies to definitely stay away from, and one that I've been referring my clients to, that seem to be happy with their service. Best of luck!

Hi David, can you please share with. Im in search of a PM as well.

0 Votes

Cleveland, Ohio

Quote from @Samuel Diouf:

Quote from @Mike Dolan:

Hi Everyone - I'm getting into the Cleveland market (currently own 2 LTRs in Toledo) and was hoping to get some recommendations for solid PM companies and contractors in the Cleveland area. Have a few potential BRRRR deals I've sent my agent, but want to make sure I have the right team in place before submitting any offers. I've reached out to a few companies, but if anyone has worked with any and had positive experiences, please let me know! Also if there are ones I should stay away from, that would be much appreciated also.

Also wanted to add on to this - would love to connect with investors in the Cleveland area to learn more about your experience and any helpful tips on how to be successful in the area.

Hey Mike, I would be happy to connect, I'll send you some referrals as well.

Hi Samuel. Can you please share with me the contacts you have? Currently looking for a PM and contractor.

0 Votes

Cleveland, Ohio

Hey all,

Just closed on a duplex in 44102. Need a Property Manager that is familiar with Section 8.

Would also appreciate someone who has handyman contacts to walk a property and provide quotes on getting the apartment Section 8 ready.

1 Vote

Cleveland, Ohio

Hello all,

Recently got an offer accepted under $60k for a SFH located in Lee-Miles area (44128), 3bed/1bath. This is my first investment and my goal is to make this a section 8 property.

1. What can I expect from Cuyahoga county Housing Authority as far as leasing with CMHA?

2. When should I start my application for Landlording through the Housing Authority ? (We haven't signed contract yet...)

3. What does the Landlord process look like?

4. Tenants in this area? How soon have you rented to section 8 in Lee-Miles?

Any other information is helpful!

0 Votes

Cleveland, Ohio

Quote from @Matthew Ferreira:

Hi Julie, I just switched to a new company this month, so I'm still in the evaluation stage. I left ReMax/Haven due to the poor service and high charges. They also don't allow any phone correspondence. You can't speak to a live person, even if you want to. It's just really ridiculous.

HI Matthew, do you mind PMing me which one you changed to? thank you!

0 Votes

Cleveland, Ohio

I’m looking to invest in Birmingham for Sec 8 as well. But from what I’ve been searching, seems like a lot of out of state investors (like myself) are buying-out a lot of the properties at asking/over-asking price ($50-$60k) rehabbing it, and selling/ renting it out- making the market a bit tougher/more competitive since it seems like the secret is out about Birmingham. I can tell you Birmingham (Jefferson county) has various Section 8 housing authorities and some are slower than others.
Also- finding lenders that are willing to lend on less than $75k PP is hard, but I’m still looking.

Am I still going to try to invest in Birmingham?… absolutely because anything is better than paying the prices out here in NY *cries in broke*

2 Votes

Birmingham, Alabama

Hi I'm interested in connecting with Realtors familiar with Section 8 who can also advise on property management/subcontractors familiar with section 8.

0 Votes

Montgomery, Alabama

All Forum Posts by: Mavely Pazmino

Mavely Pazmino has started 7 posts and replied 16 times.

Post: Managing our first Section 8

Post: BRRRR in Akron Ohio

Post: Cleveland Property Management

Post: Cleveland Property Management

Post: Cleveland Property Manager / Contractor

Post: Need a Property Manager in Cleveland - Section 8. ASAP!

Post: Lee-Miles Section 8 (44128)

Post: Cleveland Property Management

Post: out of state looking to invest in section 8 in birmingham

Post: Realtors/PMs/ Subcontractors specializing in Section 8