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25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
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26 June 2024 | 38 replies
@David RutledgeCurrently, city officials cannot use VRBO or Airbnb sites to regulate.
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24 June 2024 | 4 replies
All available loopholes, which allowed deregulation of units were, unfortunately, closed by our elected officials, except the substantial rehab strategy, which requires 80% vacancy throughout the building and 75% replacement of all building-wide systems, you are essentially forced to renovate the complete building and still at the mercy of DHCR.. which has the final saying
24 June 2024 | 5 replies
The IRS official position is that a husband-wife LLC in a non-community-property state such as NJ must file a partnership tax return.
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24 June 2024 | 1 reply
Consulting with local housing authorities, a real estate professional, or a Loan Officer (such as myself) experienced in Section 8 housing can provide valuable insights and guidance tailored to your specific situation, helping you navigate the program effectively while protecting your financial interests as a landlord.Let me know if you would like to discuss further or if you have any more questions I might be able to answer.
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24 June 2024 | 20 replies
That is the official word.
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24 June 2024 | 12 replies
Once you are officially evicting, that means start the process with the city, you can get the Federal Marshal to present, and eventually get them out for you.
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23 June 2024 | 20 replies
We are still fine-tuning but the price will include the entire conference experience: (3) nights at the all-inclusive resort + access to keynotes, breakout sessions, guided networking, opening event, closing event, exhibit hall, author signing, and more!
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23 June 2024 | 7 replies
If so that is complete bullsh*t and BP may have officially jumped the shark.Here was his message:Apparantly I'm not allowed to comment on the question unless I upgrade to Pro.
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23 June 2024 | 5 replies
You should be able to get all of the information you need through the local housing authority.