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All Forum Posts by: Mak K.

Mak K. has started 89 posts and replied 203 times.

Post: Section 8 - Pros & Cons

Mak K.Posted
  • Posts 204
  • Votes 31
Quote from @Jennifer Donley:

@Allen Moore -Hi - I'm surprised no one has responded.  People usually have very strong opinions about Section 8.

I only take Section 8 and have a portfolio of 27 doors.  I obviously really love the program.  I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.

With strong screening, I'm able to find great tenants and Im not owed any rent.

Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).

Done right, I believe Section 8 is one of the most stable & profitable.  I especially think this is true if you're in C areas (and maybe D areas but I'm not in the those areas). But it's not for everyone.  

If you're thinking of going that route, there is a learning curve.  I answer a lot of uestions here on BP about Section 8 so check out my Forum responses if you want.  I suspect there will be a lot of answeres to questions you didn't know to ask yet!

Good luck.


 Secrion8 says you cannot charge more than rent specified. But all tenants I come across say they pay extra. How do landlord bypass this? Double lease or renting appliances or promissory notes or what?



Quote from @Michael Ablan:

@Mauricio Quintana -  Split payments are super common.  You'll have a contract with the government with a generic lease.  You should also have them fill out YOUR lease.

Assuming you screened well and got yourself a good tenant, the two headaches are

1.) Property inspections

2.) Manually accounting for the split payments

You can also get screwed pretty hard if they do something to lose their housing.  Those normally always end in evictions if you screened poorly.

 so how does the split payment lease work? In houston housing makes you sign you are not going to take any other payment from tenant. But at the same time I hear from agents and section8 tenants they pay the difference. I have heard from few tenants that during their tenant onboarding they clearly mention tenants can pay the difference but when it comes to landlord they state something else. I think the issue comes is most of the tenant state they have $0 income but they have side income. So if your lease is above the limit, there is conflicting information. ( no income for housing paperwork, but tenant is ok paying more?)

So did you hire a PA? Also besides PA fees what other fees did they charge you?

Post: Roofing- 5 properties- How to negotiate with roofers

Mak K.Posted
  • Posts 204
  • Votes 31

what is your guys take on hiring Public adjusters to increase amount of claim? Is it worth it? How true are public adjusters since they say or advertise they will inflate it to 80k but once you hire them ends up at not much money but their fees and associated business fees?

Post: Recommendations on hiring a Public Adjuster

Mak K.Posted
  • Posts 204
  • Votes 31

How did you find out how agent messed it up? Just curious.

For Texas/Houston. I already have initial settlement amounts from the insurance. I feel there is some areas where insurance is short. I am looking for a Public Adjuster but wanted to know about the fees per Texas law. So for example, if I am already getting $10K settlement check, I would like to hire a PA for additional claims. But it does not make sense for me to pay PA a fee on the amount $10K. It has to be on the new money correct?

Is 10% a good fair fee. I had a PA tell me 20% on new money.

Note- I have 5-6 properties for roofing claims I can hire him for.

Post: Roofing- 5 properties- How to negotiate with roofers

Mak K.Posted
  • Posts 204
  • Votes 31
Quote from @Courtney Duong:
Quote from @Mak K.:

I have 6 properties which got hit by the storm in Houston. My deductibles are $6K range and all properties are 2005+ build, 2000 SF +/- double story.

Location Houston TX

This is my first time working with insurance as well as roofing company. How do I negotiate with roofers. Also how do I make sure all secondary damage such as gutters, siding, windows etc are covered and accounted in insurance claim. What would be the best strategy? Tips/advice/lessons learnt?


 PM me and I will share the good roofer I just found this week.


 Sent you a PM

Texas- Houston.

I had a roof claim which got denied 2 years back for no solid reason. We had to hire a lawyer and its under negotiations with lawyers. Houston had another hurricane 2024 and result was more damage to the roof and more damages.  Would it be a good idea to file the claim with the new insurance company for the roof?  If they pay, I would not even care about the first claim?  Will the new claim put this into another mess? The first lawyers working are just not serious and do not care about the case but money in their pocket. The result of lasuit looks like $3k in my pocket if I settle.  Should I put the new claim and try to get full amount from new insurance??

I have a remodeling company and am a contractor. I have 6 properties coming up for Roof replacement thru insurance. Can I myself have my team do the work and then bill the insurance under my company name? Or even I can sub contract work out to other companies and bill it via my own company name. This will allow me to have better deals and can profit on the work as a contractor.

Are their any clause which prevent this?

I have 6 properties which got hit by the storm in Houston. My deductibles are $6K range and all properties are 2005+ build, 2000 SF +/- double story.

Location Houston TX

This is my first time working with insurance as well as roofing company. How do I negotiate with roofers. Also how do I make sure all secondary damage such as gutters, siding, windows etc are covered and accounted in insurance claim. What would be the best strategy? Tips/advice/lessons learnt?