I had a house in Atlanta - got all the docs from HUD - went to required landlord training. Did all the required improvements to the house (my deceased aunt's house). Ran ad - had 300 calls to rent it - all HUD SEC. 8 applicants.
EVERY potential tenant that came had a better car and clothes than I did! The women were claiming kids living with their ex-boyfriends/husbands/family. These were women who were supposed to be without means. One came with a man and 2 kids all wearing NIKE designer clothing and gold jewelery. The man said he was going to park HIS boat and RV in the back yard. When I said- no there was a septic tank there- he was rude. They were living Section 8 for YEARS. Every two years they must change counties to get new funding. The tenants take care of property first year- second year- they don't care. They move to next county and start over. You need GOOD references on whoever you put in your house. The tenant I got did great. Second year- she and husband stole my mower, freezer, ruined my refrigerator. Left house open and moved. Cost me two months rent to repair the damages. Yup- you get your check every month. Be sure you go daily and see if people are doing drugs and keeping place up!
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
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I had a house in Atlanta - got all the docs from HUD - went to required landlord training. Did all the required improvements to the house (my deceased aunt's house). Ran ad - had 300 calls to rent it - all HUD SEC. 8 applicants.
EVERY potential tenant that came had a better car and clothes than I did! The women were claiming kids living with their ex-boyfriends/husbands/family. These were women who were supposed to be without means. One came with a man and 2 kids all wearing NIKE designer clothing and gold jewelery. The man said he was going to park HIS boat and RV in the back yard. When I said- no there was a septic tank there- he was rude. They were living Section 8 for YEARS. Every two years they must change counties to get new funding. The tenants take care of property first year- second year- they don't care. They move to next county and start over. You need GOOD references on whoever you put in your house. The tenant I got did great. Second year- she and husband stole my mower, freezer, ruined my refrigerator. Left house open and moved. Cost me two months rent to repair the damages. Yup- you get your check every month. Be sure you go daily and see if people are doing drugs and keeping place up!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125