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25 February 2024 | 7 replies
We'd look at what the existing value of the property is the $ amount needed in repairs and how long that would take and the after repaired value of the property based on nearby comparable properties
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26 February 2024 | 8 replies
My anticipated rents could be off but came up with it based on what other houses are going for in the area, that’s why I provided a range.
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23 February 2024 | 5 replies
This property will not be fancy, and will be painted the same color throughout (walls, ceilings, trim, etc.).What "white" paint would you recommend for a Section 8 property that should give me the best results?
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26 February 2024 | 12 replies
Has anyone actually gotten "a few thousand in Property tax reduction" simply by planting 6+ fruit trees, or just a temporary reduction in assessed value based on the cost of the multiple fruit trees being exempt from counting as an improvement (temporarily) called an "ORCHARD"??
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26 February 2024 | 10 replies
Based on your other applicant it sounds like you are priced correctly but when people start asking for discounts up front which is fairly common I see that as a bad sign and move on.
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26 February 2024 | 20 replies
I meant it based on the finances I have currently.
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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
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26 February 2024 | 13 replies
Don't plan your future based on what a bunch of strangers on the internet tell you is the right return.
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26 February 2024 | 17 replies
It's essential to weigh the pros and cons based on your specific situation and needs.
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26 February 2024 | 28 replies
I did research and found out the system needs to replaced so I put my offer in based on that knowledge!