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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 | 0 replies
One condition of this grant is that we cannot sell the property for five years, and if we refinance, we can’t take any cash out—it must be reinvested into the property.
10 September 2024 | 4 replies
Rents are determined by condition and location.
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11 September 2024 | 1 reply
I am not opposed to people turning homes they lived in into rentals under the right condition.
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12 September 2024 | 9 replies
We bought properties in some of the nicest areas in town, focused on appreciation, and houses that just didn't need much from us because they are in excellent condition.
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12 September 2024 | 23 replies
It's hard to beat California weather.
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11 September 2024 | 5 replies
Are you still working to satisfy any Conditions/Stips (such as providing documents, etc)?
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12 September 2024 | 25 replies
Airbnb handles the payment so I don't worry about it and I've found that the typical tenant that is willing to pay 2x the LTR rate is going to keep the property in good condition.
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10 September 2024 | 8 replies
With weather getting more and more unpredictable, it just seems like something a tenant could complain about that, even if you didn't do anything wrong, could land you in hot water.
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12 September 2024 | 9 replies
You might consider giving a notice to the entire building that you will be doing a walk-through on a certain date to check the condition of the property - you have a right to maintain your property and access all units if they are home or not with proper notice.Also, make sure that your notices have a person named as UNKNOWN OCCUPANTS listed.