All Forum Posts by: Melanie Gibson

That's my plan as well.  I think Section 8 is a great way to receive market rate or above in some cases, not have to worry about if your tenant can pay their rent, and you are doing a service to your city by providing housing to the folks who need Housing Choice Vouchers to keep a roof over their head.  Everyone says you can have great success with Section 8 if you have a stringent screening process and lease.  If the applicants don't like it they can move on and someone who can live by your requirements will be the one you want anyway.  Check out Dr. Joseph Asamoah and Jennifer Donley (2 Bigger Pockets members who have had tremendous success with Section 8).

Thank you for your input Jonathan.  The more I'm researching it looks like you're right.  

Hi, I just bought a duplex in Los Angeles (Rent Stabilization Ordinance applies for my area) and my tenant's current lease expired Jan. 2020 so she is on month to month.  Her rent is 1650.00 for a 3 bed/1 bath apartment and I'd like to serve her a 60 day Notice to Vacate so I can clean up the place and get market value for it.  I'm having a hard time figuring out if a Notice To Vacate would be the same as a No Fault Eviction in this case?   I have not accepted any money from her yet.  I told her I'd talk to her about the lease this week. (Purchase just finalized on Saturday)...  Are there any unlawful detainer attorneys available to answer?   Just FYI I am living in one unit.   Some places I read that I'd only have to pay her 2 months rent; other places say almost 21K depending on the status of all people on the lease..  Thanks for any advice.

Originally posted by @Debbie Farmer:

I have three vacancies in a C class neighborhood and the only people I’ll rent to now are Section 8 with a small tenant portion.   I can’t survive otherwise. 

@Debbie I am about to buy a duplex and that is my plan as well (section 8 tenants only) ... right now that is the only recession proof return on my investment I can think of because even folks with "good jobs" may be  furloughed or laid off in the next year. With everything I've learned on BP about how to screen for section 8; I'm taking that route...

Debbie, I think that is the plan.  If not the right it will be the city, state, or federal government themselves for the large urban cities that don't have enough section 8 or subsidized housing available.

Hi Imelda, i think you should still list it and be honest in the listing that it comes with non-paying tenant. You never know what buyer is out there looking for a house just like yours for whatever reason at whatever cost.  The new buyer may have enough money to float the mortgage till this is over or they may offer the non-paying tenant cash for keys, who knows but give it a shot for 60 days to see if you get any offers.  Be honest in the listing so you wont get unnecessary inquiries.