Hello BP community, I’m starting my journey as a real estate investor.
I'm looking into the world of Section 8 rentals and I'd really value the community's collective wisdom on several aspects. I'd appreciate it if you could share your experiences and insights regarding the following:
- Starting Out:
For those who have just started with Section 8 rentals, what are the initial steps you took?- Are there any recommended resources or courses you found helpful when beginning?
- Pros & Cons:
- Can you list the top three advantages and disadvantages you've experienced with Section 8 rentals?
- Workload:
- How would you describe the workload associated with managing a Section 8 rental compared to a non-Section 8 rental?
- Are there specific tasks or responsibilities unique to Section 8 rentals?
- Tips for Success:
- What best practices or tips can you share that have made your Section 8 rental journey smoother or more profitable?
- Red Flags:
- Have you encountered any red flags or warning signs in the process?
- Are there particular issues or challenges that new landlords should be wary of?
- Tenant Relations:
- How has your experience been with Section 8 tenants? Any tips on building a good landlord-tenant relationship?
Thank you so much for taking the time to share your experiences. I believe your insights will be invaluable for many of us here looking to explore or improve our approach to Section 8 rentals.
