All Forum Posts by: Raylor G.

@Jonathan Taylor Smith

I agree. It just seems like back in the day all you heard were horror stories. Guessing times have changed and so have the neighborhoods of S8 tenants.

@Mike Huang

Thanks for the response. I will go back and check out that podcast!

@Marcia Maynard

Sound like you have had the best case scenario. Thanks for the info. Great stuff!

BP,

In multi-family properties, how has your experiences been in renting to Section 8 tenants? I know an upside is that rent is pretty much guaranteed being the government covers most of it. However has anyone had any horror stories? If you have Section 8 tenants who aren't keeping your place up to standards is it hard to evict them being they're Section 8? Are they a protected class?

@Account Closed

A few of the companies I've called seem to be doing the same thing. With that being said I guess it's normal for the area. I'm still doing my due diligence. I'm from Dallas and will be investing in Central Texas (multi-family). The only thing I think about is if most of the companies are charging that flat fee ($30-40) and I find a company that doesn't, then that company probably not manage my properties properly since they're not getting paid that extra fee. As you stated no one cares for your property more than you do!

@Jesse Waters and @Steve Vaughan

 Thanks for the response.

Hello BP,

When you have multiple mortgages on multiple properties, is it best to use

one lender or to spread them out. What are the pros and cons?

@Jesse Waters

Thanks for the input!

Would you hire a Property Management company that charge a fee for vacant units. Is this common practice or should this be negotiated?

It's better to have one and don't need it, then to need one and don't have it. Something as big as a real estate purchase I'd say it's best to make sure everything is dress right dress. Check two or three different real estate attorneys and check their rates and get a feel for the one you like.