Hal Cranmer
New Property, Bad Tenants
19 February 2012 | 16 replies
Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.
Jon Klaus
Do you connect with your tenants on Social Media?
15 February 2012 | 25 replies
I don't believe I should have to mask my opinions for fear of tenant dissatisfaction... but the customer is always right?
Andrew Jones
How bad is Retail doing?!? 5 years FREE RENT!
11 July 2012 | 12 replies
I would bet this building has 15,000 square feet of hard to utilize area -- warehouse space in primary retail area, second floor area, back lot, etc.
Edward Beard
Lease Option on a 3-Unit Complex (Negotiation)
10 February 2012 | 1 reply
. $1000 annually), and utilities (not sure at the moment)Question #1.)
Michael Mcguniess
How I used $38k to generate $17k per year with $26k per year potential
12 February 2012 | 23 replies
What about utilities (when the units are empty, I assume you'll need to pay for these)?
Jeremy Namen
Neighborhood Revival
17 October 2012 | 55 replies
Ill work out all the legal issues and be careful not to accuse anyone but it will be more or less known whats happening. the most prevalent crime here is prostitution..so ive got some good ideas on how to keep the customers away and make it a little humorous for the residents at the same time.
David Beard
Conventional Mtg 'Delayed Financing' Rule Success?
17 September 2014 | 13 replies
By the way, I don't think US Wide Financial serves all states, but I found them through bankrate's website using their rate search and so I'm sure there would be similar mortgage companies who also utilize this program.
Zachary Dosch
Converting an office building to an apartment building
1 April 2012 | 28 replies
Has anybody utilized this program before?
Robert D.
If you were me....
21 February 2012 | 13 replies
There are tons of additional threads and setting up new entities if your equity exceeds $250k in one, raising capital, utilizing blanket and other insurance to protect you from claims, keeping debt on product to discourage suits, using trusts to hide assets, etc.