The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?

Hello BP users,Real estate development has been on my radar for years now and I’m 80% sure I’m ready to get into that space.I’ve been a real estate agent for 6 years in residential, commercial leasing and multi-family off market sales.So what is the best way to become a developer?

The leases look to expire, one at the end of this month, and one the end of next month.

- Initial paperwork and chasing overworked caseworkers to process it, so tenant can move in- Helping the tenant complete & turn in their required paperwork to start the lease- Annual S8 inspections, which tenants often make difficult to schedule- Dealing with silly maintenance requests because tenant too lazy to change lightbulbs, etc.- Getting tenants to agree to rent increases and turning in all the required paperwork to caseworker, then, you guessed it, chasing them to process it- Dealing with the tenant's "entitlement attitude" that they don't have to follow the terms of the lease, so they move in other individuals and/or get pets without permission.So, a good PMC will charge something more to manage a S8 tenant/property - either a higher percentage or a one-time or annual fee.

Perhaps their lease term isn't up or maybe they were not given proper notice to end their tenancy.

Once you take over the cabin there will be other unexpected items you will need to purchase no matter if the cabin is new or old.  

Typically you want to cover all floors and windows and items to remain unpainted like ceiling fans, etc.

I initially planned on doing month to month lease for incoming tenants just in case I need to let them go if they end up not being the right fit.

It is an intensive leasing process each year, from the advertising to handling inquiries, applications, showings, etc. 

Moorestown Mall will welcome Parky’s, a two-story entertainment center, in early 2025, while Neshaminy Mall signed its largest lease since 2017 with Fusion Fitness, an athletic complex opening mid-2025.