Rhianna Cultrona
Managing our first Section 8
1 November 2024 | 34 replies
- 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.
Barrie Hasselbalch
Need help with wrongful SDIRA distribution
26 October 2024 | 4 replies
In January of 2014 he filed an annual report and paid his annual fees.
Josh Cochran
Western Wealth Capital: What do you know about them?
31 October 2024 | 37 replies
Stupid me for not realizing it was only for 1-2 years which is essentially floating rate updated annually or every 2 years.
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
We started doing bi annual inspections of the properties asking with 6 month leases so we could go in and keep an eye on our property. 6 month lease don't work for section 8 but we were able to inspect.
Jonathan Weinberger
Managing 1.1M portfolio. Doubling it with Section 8!!
30 October 2024 | 22 replies
One comment for other owners make sure you know how to get your annual rental increases.
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
It's possible that the annual tax bill increased by $3,600.00/year, and there was a shortage of that amount when the bill was paid.
Todd Kozak
LLC addresss - update when I move?
25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
Barry Cohen
New to Bigger Pockets - Looking to learn, teach and network!
22 October 2024 | 3 replies
I have been more of a lone wolf over the years, so I need a push to open my self to networking and building that dream team!
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
I bet ya all the water used in the current gasoline/diesel/ethanol process would offset a big chunk of that annual water use for hydrogen.
Chris McClellan
Saying Hello the the Pro community!
25 October 2024 | 12 replies
I have been investing in Michigan since 2014, we have many areas that still exceed the 1% rule and have annual appreciation.