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Results (10,000+)
Mike Harvey Starting with section 8
2 November 2024 | 8 replies
Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.
Jamie O'Connell Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
This could manifest itself in additional damages and financial losses when they decide they don't want to put up with you any more.Also, Section 8 does require more work setting up, renewing, increasing rent, etc.
Tom Dean Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
8 November 2024 | 38 replies
We have good success with STR and MTR, lots of Universities here, 2 Air Force Bases, Air War College, Space Force, 3 hospitals, Amazon distribution center, Meta data facility, Hyundai manufacturing, 2nd lowest taxes in the nation.
Mark Kelley How to warn future landlords / LPs about a tenant / GP
1 November 2024 | 18 replies
When he vacated the property and returned to his home state, he left under hostile circumstances and left significant damage at the house.
H. Jack Miller Are you experiencing highers Evictions and Lower Rents?
5 November 2024 | 17 replies
Tenant damages for unpaid rent, etc...can be sought in small claims court.I am not seeing lower rents...stable & slightly higher, within normal ranges post pandemic.Norbert Huston
Connor Thomas How to fix this BRRRR when my ARV is less than planned
7 November 2024 | 27 replies
@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Dillan Gomez Advice needed on results of my property inspection
1 November 2024 | 5 replies
The areas probed still seemed solid, but be aware that some types of wood destroying fungal damage will only be detectable once the wood has properly dried out.
Ananth Subramanian Advice needed: Problematic tenant moving out!?
4 November 2024 | 13 replies
I email or text them once again to let them know in writing when I will be filing a forcible entry and detainer (eviction) action and let them know that time is short but they can still avoid the consequences of a damaging eviction filing.
Nick Jackson Blue Ridge GA STR restrictions
3 November 2024 | 20 replies
Looking into the north Georgia mountain area and found an article posted mentioning restricting air bnb’s in the area.
Jacob Nevarez First House Hack
5 November 2024 | 28 replies
. - Evidence of water damage in the basement.