All Forum Posts by: Thelonious Jones

This is a great question. To my knowledge you can release a section 8 tenant from a lease or month-to-month lease at any time as long as you give them proper notice. I have done this before and section they told me it's your tenant do what you need to do. Of course I recommend checking with the Housing Authority or an attorney but what you're trying to accomplish sounds perfectly legal legit and moral for all parties. Wishing you the best of luck hope this helps

I use payyourrent.com, works great. Been working with them for 2 years, great customer service.

 Also I made my tenants switch mid-lease to electronic payments. I have the letter I sent out to my tenants still, so if you want an copy, just message me.

Hello this is a great question. I was actually talking about this on my YouTube page this morning. Section 8 tenants are great. All tenants are great. Landlording is what you make it. There are only stereotypes if you want them to be stereotypes. I think a lot of people put stereotypes on section 8 individuals because they are in a tough economic situation. 70% of our rental portfolio section 8 and we have no issues with our section 8 tenants. It's all about doing the proper background check making sure they're qualified regardless if they're on government assistance and also checking the references to make sure they are great resident. I think the biggest stereotype about section 8 is I'm a collect all this money from the government every month and I never have to do any repairs to the property. With all real estate investing it is what you make it if you want to believe that there is a stereotype with section 8, then there will be. However if you want to believe that they are people that are just trying to make it day by day like everyone else you most likely will have less problems. Please send me a direct message if you would like me to send you some links to some YouTube videos where I talk about these topics.

Massive Action is the only action to take!!!!

Good stuff, best of luck.

I would contact an attorney in your area that deals with real estate/landlord tenant law.

You should be able to recover for damages as long as you have some evidence of damages, the back rent should be not an issue because you had a court order, if not you have the lease agreement.

I had to file some collections and garnishment in the Baltimore area. 

Kind & Dash (kinddash.net)

Was very responsive and helpful and professional.

Hope this helps

Personally I would offer then (x)% of the money invested, as you stated.

For example if you get $25K from an investor, you pay him/her 10% every quarter on his money.

Then have a cause for how the money is split (percentage) at sale, so if you want to sell earlier/later everything is clear.

But at the end of the day, you have to do what works for everyone. Your are on the right track though and are asking the right questions. Congrats on the 6 SFRs you have already.

You may have some recourse, but issues like this usually fall in that "grey" area. 

The seller is going to do what they think is "right" and it would be hard to prove that they were "negligent". 

There is no real way to figure out when a pipe busted/cracked. 

Your insurance may cover, but I would think your deductiable would be high if you have an investment policy, however I am not sure.

You should be able to dispute the bill with the water company. I would call the plumber and ask the process or call the water company to ask them how to dispute a water bill due to a busted pipe. They usually give a credit based on the past usage history and the invoice you paid to have the issue fixed.

Hard situation, my best advice is make the tenant pay all utlility bills so your not involved in these issues besides providing the plumber/repairs to the unit.

Hope this helps a little

There is no higher risk associated with section 8 tenants or low-income tenants. You only have yourself to blame if your tenant doesn't do the right thing, or maintain your property well.

I meant with my agent who owns a property in the high class suburbs of Atlanta, and he seems to having if not the same, but more issues with his suburban tenants with drugs, headaches and disputes, then another individual would have on section 8. 

The issues he having with his suburban tenants I have never had with my section 8 tenants at all.

Some cities/counties my have a mandatory landlord meeting, would check in your local area housing authority to understand your local laws and guidelines. Then you need to either find/advertise a resident that has a voucher for your city/county. If your house is 3 bedroom, you need a resident with a 3 bedroom voucher. Submit all the paper work required to the housing authority. Have an inspection on the property and rent determination. Then the resident will be able to move in. Mostly will take 30-90 days total depending on the housing authority. Mind you it may not be this "cut-n-dry", please check with your local housing and best to check investors familiar with your local housing authority.