Reply to Section 8 tenant not paying her rent

Forum Index » Real Estate

Reply to "Section 8 tenant not paying her rent "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not realtor or landlord so I’m free to say this:

1. Don’t buy in DC, where there is rent control, or where they don’t respect property (equal) rights.

2. Don’t rent to Section 8. I don’t care what they claim to promise this or that, the fact it is another party’s financing, and more restrictions and the government gets a say.

3. Don’t do business with the above. They (the government) are not honest brokers. Real estate or otherwise.

4. Why would you even be renting in a Property Class that would be Section 8 eligible for anyway? The eviction and vacancy rate is not worth the extra theoretical ROI when there is easier money that comes in, on time, every time.

5. Why do you think there is a higher risk premium and fewer players in this property class? Why do you think there are fewer below market rentals or why Section 8 has a hard time finding people to accept. There is a reason, no matter what the propagandists try to tell you.[/quote]

Sound advice. The scary part is dc, and the Biden administration, doing their worst to ensure landlords have to have tenants they don’t want (section 8) foisted on them at any cost.[/quote]

Put each property in an LLC.  I take the government payment for all properties and assume I will never get paid by a tenant.   It is not worth trying to evict so you keep them in place and collect from the government.   No one bothers me because  I don’t make waves.   If a tenant wants something done, I do only items that affect insurance.   They are not getting anything painted, flooring, carpeting, lights, appliances.  They break it they fix it.   No one bothers you if you play the game right. .    [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics