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11 September 2024 | 69 replies
So I just saw this post about Section 8 HUD tenants, and this post stated something along the lines of section 8 tenants being more likely to damage properties because they're section 8 low income tenants, and also something about investors not wanting to put money needed into Section 8 properties because they think they're just going to be ruined by these Section 8 tenants, and as someone who knows the entire process with investors, owners, contractors, tenants, and prospective tenants, this is what I have to say about it:In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but 3 of the main reasons being, there is an annual HUD inspection that is performed on each property, so this gives the owner an extra 'protection vector' against damages, also, the initial placement of a Section 8 HUD tenant requires a passing HUD inspection, therefore there's a record of the property's initial state prior to move in, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for those reasons, therefore they are LESS likely to damage a property - their future depends on it!
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11 September 2024 | 6 replies
Upper Unit got broken in and they stole the new hotwater heater, new appliances, and air conditioner..... damage flooded upstairs and downstairs units.4.
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18 September 2024 | 47 replies
And I can pretty well guarantee that nothing was ever sent via certified mail. 80 cases of a lawyer not sending important documents via certified mail establishes precedence, and willful deceit.If you can establish that the lawyer is acting unethically, or better yet illegally, then you may be able to counter sue the lawyer and his firm for damages.
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11 September 2024 | 2 replies
We had major problems with Airbnb and VRBO not covering damages to the home after many phone calls and being on hold for hours switching back and forth to many different people.
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7 September 2024 | 0 replies
How does federal tax exemptions or reductin for hurricane damages work?
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11 September 2024 | 31 replies
Its a necessary repair...inconvenient but necessary. 3 days to do a shower that has water damage in not excessive at all...dont be shocked if its more once them demo and find more damage
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12 September 2024 | 6 replies
A leak causing water to flow under the sub-floor and into the crawlspace can lead to significant structural issues if not addressed promptly, and you’d likely need a plumber and possibly a contractor to assess and fix the damage.
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10 September 2024 | 7 replies
It's a good idea if your location is such that you don't worry too much about damage.
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17 September 2024 | 68 replies
This will ensure that most of what COULD go wrong gets addressed on the front end so that you don't have to get bogged down with ongoing maintenance judgement calls.If none of these suggestions seem tenable in reducing the brain damage associated with owning property, then owning rental property directly might not be for you.
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11 September 2024 | 4 replies
Another could be if you have a pinhole leak in the supply line...I'd be less inclined to assume supply just because it would probably be so wet that you'd have interior damage and a much higher water bill.