All Forum Posts by: Moises Acosta III

I knew there could be some downfalls in the rentals aspect of real estate so I am definitely just starting off. I take it personal as it is a very nice home that I worked on myself. I possibly will list the property and sell as I have a juce amount of equity to cash out on and prefer to possibly go the route of flipping but let’s see. I won’t count me out just yet as I will adjust accordingly. I will contact the supervisor from section eight tomorrow morning and file a complaint. As back up I do have an attorney and will discuss with him as well. Great feedback and I will start the process. Ty all

Hello all, I have been renting my first property for about 5 months now to a section 8 tenant. This property was my personal home for about 5 years and I decided to rent out and test the landlord setting out. The home sitting for 2 months because of hurricane Irma and busy I ended up rushing this individual in. Per her it is 9 ppl that would be in the property and due to rushing her in I tried yo get last minute repairs in which where completed. My first visit my heart sank as I saw random ppl within my home as well as the smell of marijuana (no smoking was stipulated in contract. Than after they blew a fuse in my electrical box downing power on one side of the house. (Repaired) Now the last issue was a newer Samsung slide in stove that I bought for 1600 1.5 years old I had service company from warranty company come out and state due to abuse it was filled with roaches and that the circuit board blew he than declined to fix and he said the house was being abused. I than had a second company come out and they replaced the board to no avail they then said it was another board and yet again it would not work so they suggested I get a new stove. Which kills me as I know the stove was brand new. Also I have on the contract pest control as needed which I never did not have one prior to renting only occasional water bugs and a small issue that was corrected immediately. Now I am paying 525 for a fogging in the home as well as having to replace the stove as well. The worst part was. Having the service/pest control people say I had around 17 ppl living in the home. I would love to know how some of my fellow landlords would handle?? I am in Broward County florida and would appreciate some feedback. Thank you

So I recently purchased another property and have a remodeled inlaw suite I would like to turn in to an air bnb. Would love feedback from other investors on the city of Fort Lauderdale approval process and steps. Was it a nightmare ? Is it worth it? Thank you

Thank you great response. I invested in a duplex and rented out my other property. I did section eight which is getting me 600 a month profit. I am also working on turning my in law suite in to an air bnb or possible rental. If the inspection process is too much it will remain a mancave lol but made the. Initial jump hope it goes well.

I am just starting in property for investments I am pulling 100k cash to do either a purchase flip or a rental possibly 2. A lot of people I have been communicating with have advised to go toward rentals. I know in regards to taxes rentals have write offs where flips can obtain a lot of taxes. I am just starting off and will be working my job still while investing until I am able to comfortably become independent. Thoughts ?