I've never done section 8 rentals. I didnt know you had to provide proof to the government that you improved the property in order to raise prices. Imagine if the government had to provide proof of improvement in order to raise property taxes rather than simply raising taxes due to property appreciation...
Good point! I didn't know either until last month when I called the HUD office and asked if there was a procedure for raising rent on section 8 housing. They told me I had to notify their office at least two months before the yearly renewal period and that I need to provide them with copies of my maintenance receipts so that the rent increase can be justified.
I’m A Section 8 Tenant And Boy Did I Ever Get Turned Down. I Now Been Living In This Particular Apartment For Over Ten Year And The Rug Is Shot But It’s Not My Fault. You Need To Look To See How Long They Lived There Before Blaming Them For Anything.
Great video! Of all of the section 8 videos I've seen, never heard anyone comment on your negative about giving up control over your own property. That's an excellent point, good food for thought 👍
Just wanted to say that your content is great! I recently started looking into rental investments and actually just signed my first deal yesterday on a 2-unit duplex in Ohio. You are honest and most importantly, to the point and clear with your comments. I've taken notes on several of your videos on things that I hadn't even considered as I get this home ready to be rented. I look forward to your future content. Cheers.
Thank you Mandy that was very informative !! I am currently starting a project wherein I will be building 50 homes for rental and I had lots of questions about section 8 applicants.
Agreed. I have put a lot of my own money into the properties where I have lived. I have replaced cheap carpet with good vinyl at more than $1200 cost. I have brought back gardens/landscaping that were neglected for many, many years so that the soil was dead. I have paid to put in shrubs, perennials, and annuals. I have paid to keep lawna, shrubs, and trees watered throughout the year and especially in the hot months. I am fastidious in my housekeeping. I voluntrer for Code Compliance and work for free just to help keep my neighbourhood in good nick. I have seen very bad tenants all my life who were not voucher recipients. It is both illogical and unethical to stigmatise all voucher holders just because some voucher holders are bad tenants. Likewise, I often wondered over the decades why some tenants (not necessarily voucher holders) are so disrespectful of rental properties. After all the property is one's home. Why would you NOT want to treat it with the utmost respect and even love? Well, after what I have seen many landlords do to good tenants, I now understand why some tenants do not especially care about the properties they lease, and if I were going to make a blanket statement about all landlords the way some landlords make blanket statements about all voucher holding tenants, I could say landlords do not care about doing anything more than the absolute minimum maintenance, and they will refuse to renew leases for any reason at all despite their highly questionable motives. In the current market since Covid, landlords can lease properties to non-voucher holding tenants for far higher rents than they lease to voucher holder tenants, and they have ZERO COMPUNCTION in ousting years long good voucher holder tenants in favour of earning more income on their properties with non-voucher holder tenants. They do not care about the hundreds of dollars in cost to move, the labour involved, the availability of other rental properties, the health and age of the tenant or anything else. The upshot is that for all the "warnings" about leasing to voucher holders, all tenants, not just voucher holders, could provide as many "warnings" about landlords. For example, I had one landlord who left me without a working refrigerator for days, and I lost a significant amount of money for spoilt food. He finally brought me an old FILTHY refrigerator that someone had been using as a beverage refrigerator in his garage. It was full of mould and dirt. I spent several HOURS cleaning with bleach and other disinfectant before I could use it. The same landlord left me without AC for days because he would only hire the cheapest, least professional HVAC people. This was true of anyone he hired, though. He would meet someone working in Home Depot who claimed to be able to do maintenance for very cheap, and without vetting them at all, he would send them to my home. Often, they showed up without any tools or other equipment and expected me to provide whatever they needed to attempt a repair on something. The same landlord would allow neighbours to move in any one they liked without making the person(s) who moved in submit to an application and vetting, and I know of at least one tenant who moved in was an ex-felon. Landlord knew nothing about the man but was not adverse to letting him stay there. The man could have been a rapist, a child molester, etc. The health and safety of the other tenants and the neighbourhood in general were of no concern to him whatsoever. So long as the rent was paid, and tenants did not ask for much in the way of repairs/maintenance, that was ALL he cared about. In another case of personal experience with a landlord, half of my windows and my back door opened onto an unsecured alley where I had fairly frequent trespasses and thefts. Police recommended putting up a gate and security cameras. I asked the landlord to help pay for a gate. I was willing to contribute half the cost, but the landlord could not be bothered even though it would have been a permanent improvement to his property. In other cases I have seen landlords in my neighbourhood who lease to tenants that continually break the laws, but so long as they pay the rent, the landlord could not care less. I had one property next door to me where the tenants on both sides of the property were non-voucher holders and were filthy. One had so much garbage piled up on the patio that once Code finally intervened and made him clean out the patio, we next door were immediately infested with the displaced rats from his patio. We trapped 16 rats in our garage in 24 hours because of that lazy, dirty non-voucher holding tenant next door. On the other side of the property, a woman had a dog and let the dog's waste pile up over months and years, never cleaning up the waste. The poor animal had to defecate on top of its own piles of feces. If I walked out my back door or into the alley, the swarms of flies and the odour emanating from her patio were sickening and a health hazard. The landlord did not care. He did not have to live next door to his tenants. Code had to come out and force the tenant to clean up the patio. After she moved, the same landlord leased to more non-voucher holding tenants who turned out to be engaged in illegal dog fighting. They had several vehicles on the property that had not had updated tags/taxes in years, too. They fled the property as soon as police caught up to them. In another case, one of this landlord's tenants was operating a vehicle repair business out of the property. He had people bring over their vehicles for repair. That is a Code violation, but the landlord could not have cared less. In another even worse case, another landlord who owns tens of properties in my neighbourhood leased a single family home to a couple who run a roofing/siding/remodelling business. They park on the lawn. They store huge amounts of materials in the yard. They allow debris and garbage to pile up in the driveway. They replace roofs, siding, trim trees, and remodel interiors for their customers, and they bring back all of that industrial bulk waste to our residential neighbourhood for illegal collection under residential rates. The landlord was notified about the continued problem but did nothing. As long as he received his passive income, that was all that mattered to him. At one point, his tenant even assaulted a neighbour for complaining to Code Compliance about the contaminated industrial bulk waste put out for collection every month. The landlord was notified of the assault, too, but he did nothing. The violent tenants are still in the property. I could offer many more examples, but the upshot is many landlords are unethical, immoral, lousy landlords, but to characterise all landlords as bad or at least deeply flawed would make no more sense than to characterise all voucher holders as bad tenants. Such reasoning (or lack of reasoning) is specious at best and malicious at worst.
"Your dad’s experience is the reason great section 8 tenants, like me, have such a hard time finding homes that are willing to rent to us here in Texas." No, your FELLOW Section 8 tenants who TEAR UP PROPERTIES are the reason you're having a hard time finding homes to rent. Put the blame where it's due. You're not ENTITLED to rent anywhere you want. "There are section 8 tenants that will treat rental properties as their own." Well, obviously this is the exception. MOST of them are bad news. "I’ve lived at my previous home for more than a year. We’ve kept the landscaping up, carpet, and even painted." You're the rare EXCEPTION. She ALREADY KNOWS that there are exceptions. "And all our utilities (lights, water, gas, cable & internet) were paid even though the government paid all of my rent." How nice for you. I'm paying YOUR bills.
In my experience, the biggest issue is that the HUD addendum becomes part of the rent contract and those HUD regulations supercede any state laws, along with adding steps and processes that must be followed. Extra admin stuff that I don''t have time for. Lots of extra hassle for what benefit? If HUD seriously wanted to make section 8 more appealing for mom and pop landlords, it would allow state laws to apply, just like in every other rental in that state.
Very interesting! I like hearing the pros and cons. I have heard of some very similar negative experiences with section 8 renting. By the way, it sounds like we live near each other! It's great to find a channel by a neighbor--investing/CZcamsr!
Oh cool, like Arkansas near? or neighboring state near? Thanks for checking out my channel! I'm so impressed with your channel, you've done a great job.
I have been watching a lot of your videos all day . Although I am going to college for property development I still think I want to be a landlord as well . I just want to be sure it will be a good investment
Thanks for watching! Sounds like a really useful degree! I know I wish I had more formal education on renovating properties. I have a vacant house now that I'm fixing up myself. Just learning from CZcams and the guys at the hardware store. It would definitely be easier with some real training!
I’ve had the worse luck with section 8. I’m renting this nice condo but my landlord hasn’t paid the mortgage. The condo now is in foreclosure & I have to move out in 2 months. It’s extremely difficult to find a 3bedroom in NJ especially for ppl with section 8 vouchers. It doesn’t matter if you work, if your clean or pay your rent on time out here no one wants to take the vouchers. It literally took me 6 months to find this condo & I can’t believe I have to move out because my landlord hasn’t paid. I’m really nervous because I don’t know what I’m going to do if I can’t find an apartment.
I install cable and I’ll let you know section 8 does not matter I see homeowners with trashed houses everyday, I think the screening is the best thing to do
I've seen homes on the show hoarders and they wasn't on section 8 .Some people who not on section 8 are nasty and live with 3 or more cats and dogs are just as nasty with dog hair all over the sofa there pillows and they lay there face right in the same pillow that a dog or cat butt with poop and urine still stuck on it That's gross and unsanitary .I've seen section 8 homes that were clean and non section 8 homes that were clean . So you can have a clean or nasty tenant with anyone with or without a program.If your not a slum landlord the yard should be in great shape when tenant move in.Some landlords maintain the yard and include that in the rent some don't .Some landlords are Slum and don't want to fix there properties up to pass section 8 exspections.
yeah obviously everyone could be a shitty tenant.. all she said was that in HER experience section 8 tends to leave the property in worse condition. sounds pretty obvious to me lol why are you defending it.
She just wants her tenants to do everything for her including keeping her in business oh but the sec.8 tenants are too much wear and tear and bullet holes in the walls. What a bimbo from Arkansas
Same thing here in state of New Hampshire ; a lot of home owners don’t want to deal with the government whatsoever. The question is how people are going to survive with this screwed up economic crisis!!
Hi Mandy, question: one thing I picked up from this video is that you seem to prefer to do month-to-month instead of signing 1-year (or longer) leases. Do you have another video that expands on why you have that preference ? Or if not, can you make some comments about that, as response to my question here ? Thanks !
I always start out with a one year lease and then I go month to month after the first year is up. I do this for a couple reasons: 1. In my area, there are way more people looking for houses than available houses. So I can easily re-rent a property and I can go up on the rent when I do. 2. I feel like a year long lease sorta traps people in. They only have a month or so in which they can move. Where as month to month gives them the freedom to move or buy a house whenever they want. And I tell them this too so that they realize it's a benefit to them. Not really a benefit to me, but happy tenants are better tenants? 3. I have more freedom. In my state with a month to month lease, I only need to give 30 days notice for rent increases, changes to the lease, or even to vacate the property. 4. When it comes down to it, if the tenant really wants to leave before the lease is up they are going to. Yes, I could take them to court for the total amount of rent left on the lease, but I'm not going to do that. 5. I have very little turn over. So doing month to month doesn't seem to increase turnover at all for me.
This is very hepful. Love the fact you went into the issues and the possible issues that may arise. Thanks for sharing your experiences and methods! Also, would love to learn how you place tenants in 3-4 days.
I think you posted the negatives on renting section 8 tenants on both the pros and cons. To also address your bad experience with section 8 tenants To make it clear you had bad experience with tenants that happen to have to have section 8 and you simply have bad luck. As for section 8 tenants doing normal wear and tear than your non sec 8 tenants. You do realize that section 8 tenants last longer than non sec 8 tenants ? so therefore there would be more normal wear and tear.
Do you have another video that goes in-depth into what your tenant screening criteria are ? Or if not, would you mind to list that out as response to this question please ? Love to get your perspectives ... Thanks !
1. Income needs to be at least 3x the rent 2. Excellent past rental references 3. No smoking 4. One small pet under 30lbs and over 1 year old (try to avoid cats) - age requirement is to make sure they are potty trained 5. 2 occupants per room 6. No past eviction 7. I don't do credit checks but you probably should especially if you have a really nice property. Figure out what your market allows and require the highest credit score you can get away with and still have a decent amount of applicants. For me the first two are the biggest indicators of whether or not they will be good tenants. I think I have a video over this too, but it's really old and probably not very good. I will see if I can find it. Thanks for watching and commenting!
I just attempted to help a tenant use section 8 in one of my units. I was told I would have to lower the rent by $50.00. The unit is under market rate.
I think only owners who rent to section 8 tents were lucky to receive their entire rent through the pandemic. A lot of owners lost their properties because they were not able to pay their mortgage and that because their tenants were not able to pay their rent due to covid 19. By law, no landlord is able to evict his/her tents who is not paying rent through this pandemic. I agree about the screening criteria for everyone not only for section 8 tents. We all know bad, ignorant, and irresponsible people could be low or high income. Whatever you have mentioned applied to section8 and none section 8 tenants.
Section 8 provides tenants with a supplement to the amount of rent being charged. That portion is paid directly to the landlord so it is guaranteed income. The tenants who are struggling are the working class.
I feel like a hypocrite because i was on Section 8 about 20 yrs ago and was going to rent my property out to a section 8 tenant but then I found out about a lot of the stuff she shared in this video and I changed my mind. Because i kep my rental at or above standards I really didn’t know about the negative stereotypes. I still believe there are good section 8 tenant like i was but maybe they are like a needle in a haystack
Make sure that your landlord is not somebody to be fucked with, like dumping your ass in the east river, I knew people in Brooklyn that was lets say connected & used there rental properties as fronts for illegal business & actually took government paid rent, trust me the folks renting knew exactly what was up & was scared shitless, be scared if you're not going to pay your rent or drag your landlord into eviction court to drag it out, trust me it's will never get that far, not saying everyone winds up in the river.
I had a nightmare section 8 tenant that caused damage to her unit then started a sexual relationship with my repair contractor seducing him into creating more damages increasing the repair costs to further stall housing from paying me and to stall her monthly payments to me. If she had not ran her mouth to one of my other tenants I would've never known about her scheme and could've gone bankrupt. Luckily I was able to eventually get her out.
Even if I had the investment capital, I wouldn't own and rent out property, regardless of _whom_ it's intended for! I already have a relative that rents both high-end and Section 8 properties in different parts of NYC... I certainly _couldn't_ afford _his high-end_ , and since I've taken side jobs from time to time painting and preparing vacancies within _his slums_ , I know I _wouldn't_ dare reside in those! Too much hassle involved, either way you look at it all!
Though I am starting to research getting into rentals. I was told that, in cali, the government not only pays part of the rent, but. Will fix any damage they cause. Do you know if this is true?
That's a good question. I don't think it matters much as long as you try to be as consistent as possible. Most people will probably provide you with their before tax income. The amount of taxes taken out probably won't make a big difference in whether or not they can afford rent.
That's why I need Section 8 I always pass my inspections I pay my rent on time I just need time to get off it and buy a house moving to SD in October I hope it will be a smooth transition because my daughter and I are porting in and know nothing about the city real newbies lol I want to be somewhere that's walkable or bikeable with low crime rates
@@robozstarrr8930 Inspections are roughly every 3-6 they're are the HQS and regular home inspections HQS is making sure everything works in the home like stove,refrigerator, furnace housing is the rest of your house or apartment making sure it's clean or damaged no toilet paper placement guidelines 😂both are done the same day also you can fail for it not being clean or holes or damages hope this helps too!! Good luck!!
I just my first home last year, and im interested in buying a rental property with the goal of renting to section 8 tenants. do you have any advice how to start?
The best thing you can do is to try and connect with a landlord in your area - every market is a little different so they would be able to give you more specific advice. Figure out what rent is going for on an average 3 bedroom and on a 2 bedroom. Use that information to figure out how much you can pay for a house. It's definitely a seller's market right now so depending on where you live it could be pretty hard to find a deal with numbers that make sense. As far as specifically renting to section 8, you could talk to your local housing authority and they will give you a list of requirements for your house to be approved for section 8 (no exposed wires, x amount of counter space. no broken windows). Good luck!
Do a back ground check (credit, criminal) but let me tell you don't just go off of their credit (my credit is bad, and my landlord took a chance on me and my kids) make sure they work, have a good work history (check if the are late a lot, no call no show etc) if they have pass landlords call all of them to see what kind of tenants they were. I live in NYC and yes section 8 gets a bad rap, I thank God my landlord is a great understanding person (even though I live in a crappy neighborhood, I'm not moving just yet because my landlord is so great) if my hours get cut, he knows I'm good and work hard and keep my apartment clean he's like just pay me the difference when you get it, of course that won't work for everyone, I'm just saying we aren't all bad, and the landlords aren't either. Just do a lot of homework, because at the end of the lease you will be stuck cleaning up their mess.
Hi Mandy, Question for you: whilst landlord can set the "ask" or "requirement" that renter's income be 3x (or whateverX) of rent amount, but for an applicant who is on section 8, they can say that does not apply to them, because they get subsidized rent, .. so as landlord, how do you still impose this "income be X times of rent" for Section 8 applicants ? Be interested to know how you handle that ?
I count the portion of rent they receive from section 8 as income. So if the rent is $600 and they get $400 from section 8, would still need to see that they have $1,400 additional income each month. This is because I want to know they can afford utilities and the remainder of the rent. Plus it isn't good for me or them if they can't afford basic living expenses. Right after my dad got sick my mom rented to this lady who got 100% of the rent from section 8, but the lady didn't have any income - supposedly her parents were going to help her until she got a job. She only lasted a few months before the utilities got shut off - it's a violation of section 8 for the tenant to not have utilities turned on so they will stop funding as soon as they find out and it's like worse case scenario for you to have tenants in your house with no utilities (just imagine the toilet situation). Fortunately she left on her own but the place was completely trashed. If they were to tell me that my rental criteria didn't apply to them, I would just politely say, "It does if you want to live in my house!"
@@ItsMandy Thanks Mandy (as always) for your helpful response. Just so I understand you correctly, so you mean, apply the "need to be X times rent" rule to the non-subsidized portion of the rent. So, in your example, section 8 covers $400. $200 is renter's responsibility. So, if criterium is 3X of rent, then would expect to have at least $600 of income (3x of $200). I think that's what you mean ... although I don't quite how you have $1,400 (??) Sorry, maybe I missed some logic somewhere ... how was the $1,400 derived in your example above ? Again, thanks !
@@HungCLieu Oh sorry, let me explain that better. I still want them to have 3X the rent in income. I just count the subsidized amount as income. So if the rent is $600, they would need to have $1,800 in income. Since the subsidized portion is $400, They need to have an additional $1,400 coming from somewhere else. Or if they got 100% of the rent covered by section-8 - so $600 from section 8 - they would need to have an additional $1,200. I'm not sure if this works in all areas. Like in areas with really high rents it may not be necessary to require so much income. But in my area, with rents being pretty low, it works out.
It's Mandy Ah, I understand now .. so, let’s say I am in a state where local law prohibits “rent discrimination” based on income .. if my original “requirement” was renter needs to have $1,800 income, but a section 8 comes and say he has $400 from section 8, and then you say .. ok then I require you to have $1,400 income .. would that violate the anti-income-discrimination law ? .. have you had such experience in Arkansas ? (I realize Arkansas might not have such anti-income-discrimation law, but have you heard of how other landlords handle that in states where there is ?)
@@tobiaslieu7189 Most likely your state prohibits you from discriminating against income source. This just means that it's fine to require a certain amount of income, you just can't discriminate against where it comes from. For example, if they receive money from disability or from social security it counts as income. I do not know of any state laws saying that people who receive funding from section 8 are exempt from providing proof of additional income, but I am not familiar with every state law. A very easy way to answer this question would be to call your local HUD office and ask them, hopefully they are nice and helpful, I have had varying experiences with mine. If you do call, be sure they understand that you are a private landlord - a lot of programs go through that office each with it's own rules.
I’m in chicago I have one section I get 15% over the a fair market for the rent Tennant with a voucher I normally get a 1 month and a 1/2 referral for a qualified tenant who rents the unit
Well I’ve been on section 8 for 20 years with little children. I think honesty it’s the way you are raised. I’ve had my ups and downs seriously. My landlord will get on here and say this all is not true. It all depends on the person seriously. I’ve been in this same house for 15 years my landlord loves me to pieces and I’m her best tenant. I know people in the community every year income tax time I upgrade her home. I believe you treat people the way you want to be treated. Right now no income but if you walk in the house it smells amazing , looks amazing, yard is top notch and the ones not on section 8 paying straight rent. The house looks a mess. I talked my landlord into talking section 8 and now she tells me all the time you are heaven sent. I tell her it’s a blessing to me you accepted me and my way of showing my appreciation is by keeping this place in good. I’ve updated blinds, stoves, all appliances, cut trees 🌲 and all and I have no income now but definitely will be working soon. It’s good and bad people on both section 8 and regular paying tenants just FYI even they get broke and can’t pay. Cause tho I just like nice things. I’m a childcare provider, I own a hookah lounge, and I’m a licensed insurance claims adjuster. Due to covid I’m on freeze right now, but with the claims adjuster we work during hurricane season so it’s off and on. But yeah if I do move this house will be left move in ready.
I never said all section 8 tenants are bad. I have good section 8 tenants as well. I stressed the importance of screening and I encouraged landlord's not to limit themselves to only section 8 or to only non-section 8.
As long as you screen your tenants well. Make sure they have good past references, it should be fine. When running the numbers, I would factor a little more for maintance.
Good video! I’m a Real Estate Agent in Michigan. Let’s face the facts, most people do not respect property that’s not theirs. It’s the lack of human decency for me. If your dad saw a trend, why should he waste any more of HIS money on excess repairs from section 8 tenants. I’d stop renting to them as well if this kept occurring with any of my properties that I bought and paid for.
My main screening requirements are 3X the rent in income and excellent past rental references. The only time I will wave the past rental reference is if they have never rented because they have always owned their home. Also no smoking, no more than two occupants per room, no more than 2 pets (pets need to be at least 1 year old and no more than 50 lbs), no past evictions.
I had a very good experience and a bad experience with Sec 8. You really need to screen them very, very carefully like credit report, criminal records, eviction and previous landlords because Sec 8 administration is not screening Sec 8 for criminal record, eviction, bankruptcy etc. I found quite a few sec 8 tenants that are not honest in the rent application. Some having criminal records, evictions and bankruptcy but they are lying in the application. Also some bad Sec 8 tenants give the phones of their friends or family as a previous landlords and falsify previous addresses. Most landlords will identify a fake landlord immediately. If you find a good Sec 8 you will do great however, bad sec 8 will destroy your property in an unbelievable way. My summery: there are good Sec 8 tenants and some very bad . The bad tenants are making a bad name to all Sec 8 program.
My parents recently renovated one of their rentals and rented it to a Section 8 tenant. I think I remember in the past some not-so-great experiences, but it seems now today this is a great way to go for landlords. HUD gave a bonus of I believe $2000, plus a $7500 liability amount should there be any damages, plus a very good rate on the rent. It seems the people who are accepted into the program do NOT want to mess up a good thing and do not want to do anything to jeopardize those benefits. We have an apartment coming vacant next month and we're definitely going to try to get a Section 8 tenant. FYI I'm in California so these experiences may differ depending on the region possibly.
She’s saying it’s worse having them because they don’t care as much because they aren’t paying for the property the government is so they have no respect . She’s not saying they’re the only ones capable
First off did you not hear her say most ppl don’t receive 100% government payment so indeed they are paying for the property so your comment and hers is pretty contradicting
@@tiffanymcdougal4234 yes but she still saying the same thing I’m saying they don’t care because they not 100% responsible for it 😘 does that sound better love
Unfortunately, it's true that most section 8 tenants don't take care of the property. I've had 4 tenants in my rental property - two were section 8. BOTH section 8 tenants DESTROYED the property and the money I spent on repairs were more than TWICE the "profit". BOTH of the non-section 8 tenants, left the home in a condition that I had to do NOT ONE repair! You do the math.
I absolutely loved this video and your stories. I just subscribed and I can't wait to watch so many more of your videos. I started like your father by renting to section 8 and ALL of my properties were destroyed. I have lost so much money because of this. Thanks for posting.
We have our own repair team that renovates the rentals after the former tenants move out and before the inspectors come in to inspect the property. Renovating the units is part of our property management process. If you factor in these costs then you'll do fine.
I Just watched your video and I am appalled by how section 8 tenants are always the ones that get the negative back lash on the conditions they leave their unit in when vacating or even during leasing. Now yes there are some section 8 people that make it really bad on those section 8 tenants that do not destroy or leave their unit in such horrible conditions. With that being said it goes both ways rather they are section 8 tenants or non section 8 tenants. I hear and see so many people who own properties rather they are apartments or houses always pointing out and painting a bad picture for section 8 housing but if you really think about it and look at it does go for both non section 8 and section 8 tenants. but you never ever hear about non section 8 people leaving properties in such horrible conditions.
Yes, there are good section 8 tenants and there are bad non-section 8 tenants. But my experience has been that it's a lot harder to find good section 8 tenants than it is to find good non-section 8 tenants. When I talk to other landlords that I know, they usually all feel the same way.
Seemed like your Dad didn't do his due diligence. Not properly screening, or checking on the property. Seems like he just wanted the guaranteed money. How does a family move and you not know? How do they destroy a property and you not know? That means you didn't do inspections to check up on them.
They had only been gone a few weeks. Probably got into some sort of trouble or just owed too many people money and left town. Any HUD property is inspected at least once a year.
Section 8 tenants have such a negative stereotype. Not all ruin property, a lot do though. They ruin it for good tenants. I’ve seen people who don’t receive assistance totally trash apartments just because they were angry at the owner. So it can happen either way.
You know you make section 8 renters sound bad which sucks because im considering being a section 8 tennant because i cant afford housing for me and my girlfriend whos forced to live with her abusive ex by her mom thanks for the stigma lady im trying to survive
This is crazy. She does make section 8 sounds crazy. Her screening must not be that great. People thats on section 8 is not suppose to fix your house its your house. That was a dumb comment in my opinion. That's that slow down south crap. They dont pay much there at all. Smh
@@shannawalker5691 I never expect a tenant to do repairs to my property. I only expect them to pay their rent and to take care of the property. However I've had a number of amazing tenants who have made improvements to my properties. A few examples from just the last year, I have had one tenant install an electric garage door opener and another tenant install a smart thermostat (which he says he is leaving with the property if he ever moves). The same tenant who installed the smart thermostat, his refrigerator went out and he repaired it himself - only mentioned it to me when we were discussing something else. Another tenant (he moved in in January) has fixed up all the flower beds, planted flowers, and added mulch. I don't expect them to do any of this. But it is worth mentioning that when I get exceptional tenants like this they are never section 8.
Im glad i was able to live out of my car rather than have to rely on someone who already has a sour taste for my renting needs and to the guy who said just look for other renters .... -___- you know this video was pretty easy to find im sure anyone interwsted in the topic might see this shit and have the same veiws as this lady on poor people dont rent from someone who already looks at you for the mistakes of someone else who hurt them in the past thats not a landlord thats an abussive relationship between owner and tennant on the way if you can do what i did and live in your car and save its better then staying with these bitches
I do agree with some cons and pros with dealing with section 8. But you have to understand we would like to make improvements and do things that are simple to fix. But being on section 8 if we do, we can be evicted. For tampering with property.
Every apartment I’ve rented, I’ve had to make repairs and even major work but get treated terribly just because of my status. Then always on edge while living in a section 8 apartment. I never complain that a repair needs made. I’ve learned to keep my mouth shut and don’t bother the landlord. Just fix some problem. Pay on time every month. With this said, not all tenants are equal. Im tired of upgrading these nasty places our government is paying for. Now I don’t mind but don’t call me names and spit on me.
Right that is sad I have heard about these things happening to people the properties are embarrassing to live in and thoses landlords get away with it and then try to mess over the people that are own low income it needs to be more laws to make landlords fix the structure of there house's and some many rentals are out dated are to high to rent
If the Government would take responsibility for damages caused by section 8 tenants it wouldn't be a problem. But they don't and I got my house trashed and it cost my 8 k to bring it back to snuff. I would only a rent a run down home to a section 8 tenant.
Hello you really don't have to take in section 8 or anybody. Man I went in the OSU campus area those students our dysfunctional and tearing the landlord place up and they was not on section 8 . You have bad tenant who may not have a section 8 voucher . And everybody on section 8 not trifling.
I’m sorry I hate to be rude but that was really rude how you keep saying people with section 8 destroy things not all section 8 people are bad. Honestly in this video there are more cons than pros I don’t think it’s fair to see everyone with section 8 is dirty and unclean
Right before I took over managing the rental properties my mom had a single mom with 5 kids (most of them were adopted/foster kids) move into one of our properties. Her rent was 100% covered by HUD. I don’t know if she also received a utility check, but if she did it didn’t go directly to the utility company. She was only in the house for about 3 months before all the utilities got shut off. She pretty much left on her own, but she left the house full of stuff and smelling like dog pee - supposedly from her sons service dog (a 6 month old pit bull).
Yes, but that doesn’t seem to keep people from destroying houses. I just had tenants on HUD destroy every door in my house - literally over $6,000 in doors. It looks like they kicked them all in, they ruined flooring that was two years old, removed all the crawl space vents, and tore about half the trim out of the house. Yes, they lost their assistance but it was after they destroyed my property.
There is a reason for stereo types, its not a myth there a big percentage that will do tons of damage and this comes from decades of experience. If they want more landlord participation in sec 8, the program needs to pay damages that they cause, and then their sec 8 benefit needs to be reduced and more the second time. But then you got the bleeding hearts, its not the children fault, that will hurt the children. Save yourself the headache, avoid section 8 at all costs.
Maybe, but I'm not convinced a background check would change much. I'm pretty thorough when I verify the information in their application. And a lot of times (because it's a small town) I actually know of the tenant even if I don't know them personally. I really don't think there is anything that would show up on a background check that I'm not already aware of.
@@xxheadshotxx5562 After expenses I make less than $8,000 a month (significantly less), but I will make more than $14,000 this year. I'm not really sure exactly what I make per month, I don't actually pay myself and it still varies quite a bit from month to month.
The funny thing is there remains this- loyal to a fault -supporters of section 8 tenancy (the social worker type) who will never come to the obvious conclusion that renting to section 8 tenants presents a huge financial risk to the landlord. Blind ideology is when all reality is ignored in favor of being nicey nice and politically correct.
During the pandemic the landlords got royally screwed over by the government and the government overreach will get even worse. I would not tent to section 8 tentants either
You are totally accurate on tenants of section 8 properties leaving houses in disarray. I worked for HA and witnessed the mess and destruction left behind. I never understood why they were in a class of their own for no respect with the property or other people.
I'm so tired of you all downing people... Maybe the landlord was a slum landlord... Tenants don't deserve to have to deal with slum landlords bs... You think that you can treat poor people however you want... I know people who weren't on that program that are horrible tenants... Most people want to get their security deposit back... At least most of it...
Sounds like your negative outweighs the positive so you don't need to rent to the program at all cause your saying even with guaranteed rent your not satisfied, and it sounds like since you don't have much say in what you would like to accept then you don't want it and honestly I would move out of your property if I were on the program in your property
@@ItsMandy no it wouldn't be cause after 2 mins of hearing you I can see right through you and those dry plants in the back, your talking about how you dislike that program, listen to yourself even when you attempt to talk about the positive you went back into if the program pays all the rent they can't pay utilities cause they don't have income, this video was discouraging other to be part of the program but your still doing it and collecting money despite all the negative talking bout the positive is you are guaranteed your rent, girl bye
@@lovegalore681 Paying rent on time is only part of what it takes to be a good tenant. The other part is taking care of the property. I can work with someone who is struggling to pay rent for a few months a lot easier than I can work with someone who doesn't take care of my property or who is repeatedly disruptive to the neighbors.
They should make it that if u destroy the property then you lose ur voucher.It’s not fair that others have to suffer looking for apartments because they got this negative stigma toward them because of these kind of ppl.
I've never done section 8 rentals. I didnt know you had to provide proof to the government that you improved the property in order to raise prices. Imagine if the government had to provide proof of improvement in order to raise property taxes rather than simply raising taxes due to property appreciation...
Good point! I didn't know either until last month when I called the HUD office and asked if there was a procedure for raising rent on section 8 housing. They told me I had to notify their office at least two months before the yearly renewal period and that I need to provide them with copies of my maintenance receipts so that the rent increase can be justified.
I’m A Section 8 Tenant And Boy Did I Ever Get Turned Down.
I Now Been Living In This Particular Apartment For Over Ten Year And The Rug Is Shot But It’s Not My Fault.
You Need To Look To See How Long They Lived There Before Blaming Them For Anything.
Just looking into getting into rentals even rent-to-own for section 8 and you had some good insight thanks.
We manage approximately 1,700 properties in Baltimore and are happy with our Section 8 tenants. We will continue to rent to them.
Thank you for sharing this.
👍
What’s the eviction rate?
@@oshitomaha Good question. Our eviction rate is low because we check rental background and credit history before we accept new Section 8 tenants.
Could I learn under you guys? I’m located in Baltimore
You have articulated the reasons very well. Thank you for the information.
Thanks!
Great video! Of all of the section 8 videos I've seen, never heard anyone comment on your negative about giving up control over your own property. That's an excellent point, good food for thought 👍
Glad you liked it! And thanks for commenting!
Glad you liked it! And thanks for commenting!
Yes that was my immediate thought too.
Just wanted to say that your content is great! I recently started looking into rental investments and actually just signed my first deal yesterday on a 2-unit duplex in Ohio. You are honest and most importantly, to the point and clear with your comments. I've taken notes on several of your videos on things that I hadn't even considered as I get this home ready to be rented. I look forward to your future content. Cheers.
Thank you Mandy that was very informative !! I am currently starting a project wherein I will be building 50 homes for rental and I had lots of questions about section 8 applicants.
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This is true
Agreed. I have put a lot of my own money into the properties where I have lived. I have replaced cheap carpet with good vinyl at more than $1200 cost. I have brought back gardens/landscaping that were neglected for many, many years so that the soil was dead. I have paid to put in shrubs, perennials, and annuals. I have paid to keep lawna, shrubs, and trees watered throughout the year and especially in the hot months. I am fastidious in my housekeeping. I voluntrer for Code Compliance and work for free just to help keep my neighbourhood in good nick. I have seen very bad tenants all my life who were not voucher recipients. It is both illogical and unethical to stigmatise all voucher holders just because some voucher holders are bad tenants.
Likewise, I often wondered over the decades why some tenants (not necessarily voucher holders) are so disrespectful of rental properties. After all the property is one's home. Why would you NOT want to treat it with the utmost respect and even love? Well, after what I have seen many landlords do to good tenants, I now understand why some tenants do not especially care about the properties they lease, and if I were going to make a blanket statement about all landlords the way some landlords make blanket statements about all voucher holding tenants, I could say landlords do not care about doing anything more than the absolute minimum maintenance, and they will refuse to renew leases for any reason at all despite their highly questionable motives. In the current market since Covid, landlords can lease properties to non-voucher holding tenants for far higher rents than they lease to voucher holder tenants, and they have ZERO COMPUNCTION in ousting years long good voucher holder tenants in favour of earning more income on their properties with non-voucher holder tenants. They do not care about the hundreds of dollars in cost to move, the labour involved, the availability of other rental properties, the health and age of the tenant or anything else.
The upshot is that for all the "warnings" about leasing to voucher holders, all tenants, not just voucher holders, could provide as many "warnings" about landlords. For example, I had one landlord who left me without a working refrigerator for days, and I lost a significant amount of money for spoilt food. He finally brought me an old FILTHY refrigerator that someone had been using as a beverage refrigerator in his garage. It was full of mould and dirt. I spent several HOURS cleaning with bleach and other disinfectant before I could use it. The same landlord left me without AC for days because he would only hire the cheapest, least professional HVAC people. This was true of anyone he hired, though. He would meet someone working in Home Depot who claimed to be able to do maintenance for very cheap, and without vetting them at all, he would send them to my home. Often, they showed up without any tools or other equipment and expected me to provide whatever they needed to attempt a repair on something. The same landlord would allow neighbours to move in any one they liked without making the person(s) who moved in submit to an application and vetting, and I know of at least one tenant who moved in was an ex-felon. Landlord knew nothing about the man but was not adverse to letting him stay there. The man could have been a rapist, a child molester, etc. The health and safety of the other tenants and the neighbourhood in general were of no concern to him whatsoever. So long as the rent was paid, and tenants did not ask for much in the way of repairs/maintenance, that was ALL he cared about.
In another case of personal experience with a landlord, half of my windows and my back door opened onto an unsecured alley where I had fairly frequent trespasses and thefts. Police recommended putting up a gate and security cameras. I asked the landlord to help pay for a gate. I was willing to contribute half the cost, but the landlord could not be bothered even though it would have been a permanent improvement to his property.
In other cases I have seen landlords in my neighbourhood who lease to tenants that continually break the laws, but so long as they pay the rent, the landlord could not care less. I had one property next door to me where the tenants on both sides of the property were non-voucher holders and were filthy. One had so much garbage piled up on the patio that once Code finally intervened and made him clean out the patio, we next door were immediately infested with the displaced rats from his patio. We trapped 16 rats in our garage in 24 hours because of that lazy, dirty non-voucher holding tenant next door. On the other side of the property, a woman had a dog and let the dog's waste pile up over months and years, never cleaning up the waste. The poor animal had to defecate on top of its own piles of feces. If I walked out my back door or into the alley, the swarms of flies and the odour emanating from her patio were sickening and a health hazard. The landlord did not care. He did not have to live next door to his tenants. Code had to come out and force the tenant to clean up the patio. After she moved, the same landlord leased to more non-voucher holding tenants who turned out to be engaged in illegal dog fighting. They had several vehicles on the property that had not had updated tags/taxes in years, too. They fled the property as soon as police caught up to them.
In another case, one of this landlord's tenants was operating a vehicle repair business out of the property. He had people bring over their vehicles for repair. That is a Code violation, but the landlord could not have cared less. In another even worse case, another landlord who owns tens of properties in my neighbourhood leased a single family home to a couple who run a roofing/siding/remodelling business. They park on the lawn. They store huge amounts of materials in the yard. They allow debris and garbage to pile up in the driveway. They replace roofs, siding, trim trees, and remodel interiors for their customers, and they bring back all of that industrial bulk waste to our residential neighbourhood for illegal collection under residential rates. The landlord was notified about the continued problem but did nothing. As long as he received his passive income, that was all that mattered to him. At one point, his tenant even assaulted a neighbour for complaining to Code Compliance about the contaminated industrial bulk waste put out for collection every month. The landlord was notified of the assault, too, but he did nothing. The violent tenants are still in the property.
I could offer many more examples, but the upshot is many landlords are unethical, immoral, lousy landlords, but to characterise all landlords as bad or at least deeply flawed would make no more sense than to characterise all voucher holders as bad tenants. Such reasoning (or lack of reasoning) is specious at best and malicious at worst.
"Your dad’s experience is the reason great section 8 tenants, like me, have such a hard time finding homes that are willing to rent to us here in Texas."
No, your FELLOW Section 8 tenants who TEAR UP PROPERTIES are the reason you're having a hard time finding homes to rent. Put the blame where it's due. You're not ENTITLED to rent anywhere you want.
"There are section 8 tenants that will treat rental properties as their own."
Well, obviously this is the exception. MOST of them are bad news.
"I’ve lived at my previous home for more than a year. We’ve kept the landscaping up, carpet, and even painted."
You're the rare EXCEPTION. She ALREADY KNOWS that there are exceptions.
"And all our utilities (lights, water, gas, cable & internet) were paid even though the government paid all of my rent."
How nice for you. I'm paying YOUR bills.
I saw your channel page. It looks like you're living the high life on taxpayer money to me.
@@joevarga5982 -Joe, get a life.
In my experience, the biggest issue is that the HUD addendum becomes part of the rent contract and those HUD regulations supercede any state laws, along with adding steps and processes that must be followed. Extra admin stuff that I don''t have time for. Lots of extra hassle for what benefit? If HUD seriously wanted to make section 8 more appealing for mom and pop landlords, it would allow state laws to apply, just like in every other rental in that state.
Very interesting! I like hearing the pros and cons. I have heard of some very similar negative experiences with section 8 renting. By the way, it sounds like we live near each other! It's great to find a channel by a neighbor--investing/CZcamsr!
Oh cool, like Arkansas near? or neighboring state near? Thanks for checking out my channel! I'm so impressed with your channel, you've done a great job.
It's Mandy same state! Thanks! I’m glad you liked it. I’m always worried it will be too boring with all the numbers and stuff.
Great video! i had similar experiences in my Childhood working on properties with my dad.
Great video, thank you.
Great video! Whats your veting process?
Hi Mandy, Thanks for the informative video? I am curious, what is your screening process?
I have been watching a lot of your videos all day . Although I am going to college for property development I still think I want to be a landlord as well . I just want to be sure it will be a good investment
Thanks for watching! Sounds like a really useful degree! I know I wish I had more formal education on renovating properties. I have a vacant house now that I'm fixing up myself. Just learning from CZcams and the guys at the hardware store. It would definitely be easier with some real training!
I’ve had the worse luck with section 8. I’m renting this nice condo but my landlord hasn’t paid the mortgage. The condo now is in foreclosure & I have to move out in 2 months. It’s extremely difficult to find a 3bedroom in NJ especially for ppl with section 8 vouchers. It doesn’t matter if you work, if your clean or pay your rent on time out here no one wants to take the vouchers. It literally took me 6 months to find this condo & I can’t believe I have to move out because my landlord hasn’t paid. I’m really nervous because I don’t know what I’m going to do if I can’t find an apartment.
Some similar happened to me I recieved cash for keys idk if u ever heard of ask contact the bank and good luck finding a new place. 🏡😷💓
I install cable and I’ll let you know section 8 does not matter I see homeowners with trashed houses everyday, I think the screening is the best thing to do
I've seen homes on the show hoarders and they wasn't on section 8 .Some people who not on section 8 are nasty and live with 3 or more cats and dogs are just as nasty with dog hair all over the sofa there pillows and they lay there face right in the same pillow that a dog or cat butt with poop and urine still stuck on it That's gross and unsanitary .I've seen section 8 homes that were clean and non section 8 homes that were clean . So you can have a clean or nasty tenant with anyone with or without a program.If your not a slum landlord the yard should be in great shape when tenant move in.Some landlords maintain the yard and include that in the rent some don't .Some landlords are Slum and don't want to fix there properties up to pass section 8 exspections.
yeah obviously everyone could be a shitty tenant.. all she said was that in HER experience section 8 tends to leave the property in worse condition. sounds pretty obvious to me lol why are you defending it.
He’s defending it because that’s HIS opinion on it.
She just wants her tenants to do everything for her including keeping her in business oh but the sec.8 tenants are too much wear and tear and bullet holes in the walls. What a bimbo from Arkansas
Same thing here in state of New Hampshire ; a lot of home owners don’t want to deal with the government whatsoever. The question is how people are going to survive with this screwed up economic crisis!!
Hi Mandy, question: one thing I picked up from this video is that you seem to prefer to do month-to-month instead of signing 1-year (or longer) leases. Do you have another video that expands on why you have that preference ? Or if not, can you make some comments about that, as response to my question here ? Thanks !
I always start out with a one year lease and then I go month to month after the first year is up. I do this for a couple reasons:
1. In my area, there are way more people looking for houses than available houses. So I can easily re-rent a property and I can go up on the rent when I do.
2. I feel like a year long lease sorta traps people in. They only have a month or so in which they can move. Where as month to month gives them the freedom to move or buy a house whenever they want. And I tell them this too so that they realize it's a benefit to them. Not really a benefit to me, but happy tenants are better tenants?
3. I have more freedom. In my state with a month to month lease, I only need to give 30 days notice for rent increases, changes to the lease, or even to vacate the property.
4. When it comes down to it, if the tenant really wants to leave before the lease is up they are going to. Yes, I could take them to court for the total amount of rent left on the lease, but I'm not going to do that.
5. I have very little turn over. So doing month to month doesn't seem to increase turnover at all for me.
All I heard was negatives😆
This is very hepful. Love the fact you went into the issues and the possible issues that may arise. Thanks for sharing your experiences and methods! Also, would love to learn how you place tenants in 3-4 days.
what is the best website to get lease sample ? also, do you have to sign anything from section 8 in order to renew that lease
Do you have a website you use for background checks? Thanks-
Hi Mandy, do you have a video outlining your section 8 screening process?
Good stuff 👏 good advice
I want to know is it worth being on section 8 or section 8 can move you if you're not happy where you live
I think you posted the negatives on renting section 8 tenants on both the pros and cons. To also address your bad experience with section 8 tenants To make it clear you had bad experience with tenants that happen to have to have section 8 and you simply have bad luck. As for section 8 tenants doing normal wear and tear than your non sec 8 tenants. You do realize that section 8 tenants last longer than non sec 8 tenants ? so therefore there would be more normal wear and tear.
What's your screening criteria?
Everyone on Section 8 do not destroy people property let's be clear about that
Do you have another video that goes in-depth into what your tenant screening criteria are ? Or if not, would you mind to list that out as response to this question please ? Love to get your perspectives ... Thanks !
1. Income needs to be at least 3x the rent
2. Excellent past rental references
3. No smoking
4. One small pet under 30lbs and over 1 year old (try to avoid cats) - age requirement is to make sure they are potty trained
5. 2 occupants per room
6. No past eviction
7. I don't do credit checks but you probably should especially if you have a really nice property. Figure out what your market allows and require the highest credit score you can get away with and still have a decent amount of applicants.
For me the first two are the biggest indicators of whether or not they will be good tenants. I think I have a video over this too, but it's really old and probably not very good. I will see if I can find it. Thanks for watching and commenting!
@@ItsMandy Thanks much for the reply !
I just attempted to help a tenant use section 8 in one of my units. I was told I would have to lower the rent by $50.00. The unit is under market rate.
I think only owners who rent to section 8 tents were lucky to receive their entire rent through the pandemic. A lot of owners lost their properties because they were not able to pay their mortgage and that because their tenants were not able to pay their rent due to covid 19. By law, no landlord is able to evict his/her tents who is not paying rent through this pandemic. I agree about the screening criteria for everyone not only for section 8 tents. We all know bad, ignorant, and irresponsible people could be low or high income. Whatever you have mentioned applied to section8 and none section 8 tenants.
I have received 100% of rent payments throughout the pandemic. I only have 2 section 8 tenants and 16 non-section 8.
Section 8 provides tenants with a supplement to the amount of rent being charged. That portion is paid directly to the landlord so it is guaranteed income. The tenants who are struggling are the working class.
I agree
@@ItsMandy you know when your renting to some you just have to be careful and whachout to whom you rent to especially to those pet owners
I feel like a hypocrite because i was on Section 8 about 20 yrs ago and was going to rent my property out to a section 8 tenant but then I found out about a lot of the stuff she shared in this video and I changed my mind. Because i kep my rental at or above standards I really didn’t know about the negative stereotypes. I still believe there are good section 8 tenant like i was but maybe they are like a needle in a haystack
Make sure that your landlord is not somebody to be fucked with, like dumping your ass in the east river, I knew people in Brooklyn that was lets say connected & used there rental properties as fronts for illegal business & actually took government paid rent, trust me the folks renting knew exactly what was up & was scared shitless, be scared if you're not going to pay your rent or drag your landlord into eviction court to drag it out, trust me it's will never get that far, not saying everyone winds up in the river.
I had a nightmare section 8 tenant that caused damage to her unit then started a sexual relationship with my repair contractor seducing him into creating more damages increasing the repair costs to further stall housing from paying me and to stall her monthly payments to me. If she had not ran her mouth to one of my other tenants I would've never known about her scheme and could've gone bankrupt. Luckily I was able to eventually get her out.
I’ve had regular working tenants move out, damage the home and leave all their furniture without having the section 8 voucher.
Even if I had the investment capital, I wouldn't own and rent out property, regardless of _whom_ it's intended for! I already have a relative that rents both high-end and Section 8 properties in different parts of NYC... I certainly _couldn't_ afford _his high-end_ , and since I've taken side jobs from time to time painting and preparing vacancies within _his slums_ , I know I _wouldn't_ dare reside in those! Too much hassle involved, either way you look at it all!
You can buy a house on SECTION 8.
As landlord can you do inspections in the house if they're section 8 so you can keep an eye on the property
You can do inspections anytime as long as you give notice to the tenant. It should be in the contract you sign
Though I am starting to research getting into rentals. I was told that, in cali, the government not only pays part of the rent, but. Will fix any damage they cause. Do you know if this is true?
Stay out of CA, if anybody begins to squat you lose most of your rights.
hi Mandy. the income criterial when you screen tenant , 3 times of rent. is it before tax or after tax
That's a good question. I don't think it matters much as long as you try to be as consistent as possible. Most people will probably provide you with their before tax income. The amount of taxes taken out probably won't make a big difference in whether or not they can afford rent.
This girl has great speaking skills
That's why I need Section 8 I always pass my inspections I pay my rent on time I just need time to get off it and buy a house moving to SD in October I hope it will be a smooth transition because my daughter and I are porting in and know nothing about the city real newbies lol I want to be somewhere that's walkable or bikeable with low crime rates
( i'm almost there, asking, what kind of inspections did you have, how often?.... does it matter much if the toilet paper is over or under? thxs
@@robozstarrr8930 Inspections are roughly every 3-6 they're are the HQS and regular home inspections HQS is making sure everything works in the home like stove,refrigerator, furnace housing is the rest of your house or apartment making sure it's clean or damaged no toilet paper placement guidelines 😂both are done the same day also you can fail for it not being clean or holes or damages hope this helps too!! Good luck!!
I just my first home last year, and im interested in buying a rental property with the goal of renting to section 8 tenants.
do you have any advice how to start?
The best thing you can do is to try and connect with a landlord in your area - every market is a little different so they would be able to give you more specific advice. Figure out what rent is going for on an average 3 bedroom and on a 2 bedroom. Use that information to figure out how much you can pay for a house. It's definitely a seller's market right now so depending on where you live it could be pretty hard to find a deal with numbers that make sense. As far as specifically renting to section 8, you could talk to your local housing authority and they will give you a list of requirements for your house to be approved for section 8 (no exposed wires, x amount of counter space. no broken windows). Good luck!
Do a back ground check (credit, criminal) but let me tell you don't just go off of their credit (my credit is bad, and my landlord took a chance on me and my kids) make sure they work, have a good work history (check if the are late a lot, no call no show etc) if they have pass landlords call all of them to see what kind of tenants they were. I live in NYC and yes section 8 gets a bad rap, I thank God my landlord is a great understanding person (even though I live in a crappy neighborhood, I'm not moving just yet because my landlord is so great) if my hours get cut, he knows I'm good and work hard and keep my apartment clean he's like just pay me the difference when you get it, of course that won't work for everyone, I'm just saying we aren't all bad, and the landlords aren't either. Just do a lot of homework, because at the end of the lease you will be stuck cleaning up their mess.
Hi Mandy, Question for you: whilst landlord can set the "ask" or "requirement" that renter's income be 3x (or whateverX) of rent amount, but for an applicant who is on section 8, they can say that does not apply to them, because they get subsidized rent, .. so as landlord, how do you still impose this "income be X times of rent" for Section 8 applicants ? Be interested to know how you handle that ?
I count the portion of rent they receive from section 8 as income. So if the rent is $600 and they get $400 from section 8, would still need to see that they have $1,400 additional income each month. This is because I want to know they can afford utilities and the remainder of the rent. Plus it isn't good for me or them if they can't afford basic living expenses.
Right after my dad got sick my mom rented to this lady who got 100% of the rent from section 8, but the lady didn't have any income - supposedly her parents were going to help her until she got a job. She only lasted a few months before the utilities got shut off - it's a violation of section 8 for the tenant to not have utilities turned on so they will stop funding as soon as they find out and it's like worse case scenario for you to have tenants in your house with no utilities (just imagine the toilet situation). Fortunately she left on her own but the place was completely trashed.
If they were to tell me that my rental criteria didn't apply to them, I would just politely say, "It does if you want to live in my house!"
@@ItsMandy Thanks Mandy (as always) for your helpful response. Just so I understand you correctly, so you mean, apply the "need to be X times rent" rule to the non-subsidized portion of the rent. So, in your example, section 8 covers $400. $200 is renter's responsibility. So, if criterium is 3X of rent, then would expect to have at least $600 of income (3x of $200). I think that's what you mean ... although I don't quite how you have $1,400 (??) Sorry, maybe I missed some logic somewhere ... how was the $1,400 derived in your example above ? Again, thanks !
@@HungCLieu Oh sorry, let me explain that better. I still want them to have 3X the rent in income. I just count the subsidized amount as income. So if the rent is $600, they would need to have $1,800 in income. Since the subsidized portion is $400, They need to have an additional $1,400 coming from somewhere else. Or if they got 100% of the rent covered by section-8 - so $600 from section 8 - they would need to have an additional $1,200.
I'm not sure if this works in all areas. Like in areas with really high rents it may not be necessary to require so much income. But in my area, with rents being pretty low, it works out.
It's Mandy Ah, I understand now .. so, let’s say I am in a state where local law prohibits “rent discrimination” based on income .. if my original “requirement” was renter needs to have $1,800 income, but a section 8 comes and say he has $400 from section 8, and then you say .. ok then I require you to have $1,400 income .. would that violate the anti-income-discrimination law ? .. have you had such experience in Arkansas ? (I realize Arkansas might not have such anti-income-discrimation law, but have you heard of how other landlords handle that in states where there is ?)
@@tobiaslieu7189 Most likely your state prohibits you from discriminating against income source. This just means that it's fine to require a certain amount of income, you just can't discriminate against where it comes from. For example, if they receive money from disability or from social security it counts as income. I do not know of any state laws saying that people who receive funding from section 8 are exempt from providing proof of additional income, but I am not familiar with every state law. A very easy way to answer this question would be to call your local HUD office and ask them, hopefully they are nice and helpful, I have had varying experiences with mine. If you do call, be sure they understand that you are a private landlord - a lot of programs go through that office each with it's own rules.
I’m in chicago I have one section I get 15% over the a fair market for the rent Tennant with a voucher I normally get a 1 month and a 1/2 referral for a qualified tenant who rents the unit
Did she say " bullet holes?
Do you have any available rental properties
Hi do you have properties in Ga?
Her positives about section 8 renters weren’t positive
if i rent the whole house to section 8 if they used the yard the do all maintance issues
Well I’ve been on section 8 for 20 years with little children. I think honesty it’s the way you are raised. I’ve had my ups and downs seriously. My landlord will get on here and say this all is not true. It all depends on the person seriously. I’ve been in this same house for 15 years my landlord loves me to pieces and I’m her best tenant. I know people in the community every year income tax time I upgrade her home. I believe you treat people the way you want to be treated. Right now no income but if you walk in the house it smells amazing , looks amazing, yard is top notch and the ones not on section 8 paying straight rent. The house looks a mess. I talked my landlord into talking section 8 and now she tells me all the time you are heaven sent. I tell her it’s a blessing to me you accepted me and my way of showing my appreciation is by keeping this place in good. I’ve updated blinds, stoves, all appliances, cut trees 🌲 and all and I have no income now but definitely will be working soon. It’s good and bad people on both section 8 and regular paying tenants just FYI even they get broke and can’t pay. Cause tho I just like nice things. I’m a childcare provider, I own a hookah lounge, and I’m a licensed insurance claims adjuster. Due to covid I’m on freeze right now, but with the claims adjuster we work during hurricane season so it’s off and on. But yeah if I do move this house will be left move in ready.
I never said all section 8 tenants are bad. I have good section 8 tenants as well. I stressed the importance of screening and I encouraged landlord's not to limit themselves to only section 8 or to only non-section 8.
You’ve been in section 8 for 20 years? That’s a little ridiculous.
@@FinalFlaaaashrent isn’t cheap ur ridiculous
thank you very very much about real story about section8! it helped me a LOT!!!
i'm planning to buy a new house in Brookshire and for section 8...does it worth it? any advice?
As long as you screen your tenants well. Make sure they have good past references, it should be fine. When running the numbers, I would factor a little more for maintance.
HELL NO....DON'T RENT TO SECTION 8...AT FIRST IT IS GREAT MONEY COMING IN, BUT LATER YOU WILL REGRET BIG TIME THAT YOU RENTED TO SECTION 8.
Good video! I’m a Real Estate Agent in Michigan. Let’s face the facts, most people do not respect property that’s not theirs. It’s the lack of human decency for me. If your dad saw a trend, why should he waste any more of HIS money on excess repairs from section 8 tenants. I’d stop renting to them as well if this kept occurring with any of my properties that I bought and paid for.
what are your screening requirements?
My main screening requirements are 3X the rent in income and excellent past rental references. The only time I will wave the past rental reference is if they have never rented because they have always owned their home. Also no smoking, no more than two occupants per room, no more than 2 pets (pets need to be at least 1 year old and no more than 50 lbs), no past evictions.
I got selected but I’m not sure Wth 🤦♀️ I’m doing ! I need help to some things.
I had a very good experience and a bad experience with Sec 8. You really need to screen them very, very carefully like credit report, criminal records, eviction and previous landlords
because Sec 8 administration is not screening Sec 8 for criminal record, eviction, bankruptcy etc.
I found quite a few sec 8 tenants that are not honest in the rent application. Some having criminal records, evictions and bankruptcy but they are lying in the application. Also some bad Sec 8 tenants give the phones of their friends or family as a previous landlords and falsify previous addresses. Most landlords will identify a fake landlord immediately. If you find a good Sec 8 you will do great however, bad sec 8 will destroy your property in an unbelievable way. My summery: there are good Sec 8 tenants and some very bad . The bad tenants are making a bad name to all Sec 8 program.
I agree completely!
😍if my girl isn’t an investor i don’t want her LOL just knowing real estate and investing ☺️😊
My parents recently renovated one of their rentals and rented it to a Section 8 tenant. I think I remember in the past some not-so-great experiences, but it seems now today this is a great way to go for landlords. HUD gave a bonus of I believe $2000, plus a $7500 liability amount should there be any damages, plus a very good rate on the rent. It seems the people who are accepted into the program do NOT want to mess up a good thing and do not want to do anything to jeopardize those benefits.
We have an apartment coming vacant next month and we're definitely going to try to get a Section 8 tenant. FYI I'm in California so these experiences may differ depending on the region possibly.
There are no pros. Why would you pay the rent for someone else to live in your own rental property and destroy it?
So you telling us only section 8 participants are capable of this? Cause that’s how it sounds “bullet holes” smh
She’s saying it’s worse having them because they don’t care as much because they aren’t paying for the property the government is so they have no respect . She’s not saying they’re the only ones capable
First off did you not hear her say most ppl don’t receive 100% government payment so indeed they are paying for the property so your comment and hers is pretty contradicting
@@ashleyharper6408 not saying everything she said was offensive cause it wasn’t but that is a bit discriminating
@@tiffanymcdougal4234 yes but she still saying the same thing I’m saying they don’t care because they not 100% responsible for it 😘 does that sound better love
Unfortunately, it's true that most section 8 tenants don't take care of the property. I've had 4 tenants in my rental property - two were section 8. BOTH section 8 tenants DESTROYED the property and the money I spent on repairs were more than TWICE the "profit".
BOTH of the non-section 8 tenants, left the home in a condition that I had to do NOT ONE repair! You do the math.
I’m willing to relocate
Arkansas in the house where you from girl!!!???
I absolutely loved this video and your stories. I just subscribed and I can't wait to watch so many more of your videos. I started like your father by renting to section 8 and ALL of my properties were destroyed. I have lost so much money because of this. Thanks for posting.
Thank you!
We have our own repair team that renovates the rentals after the former tenants move out and before the inspectors come in to inspect the property. Renovating the units is part of our property management process. If you factor in these costs then you'll do fine.
I Just watched your video and I am appalled by how section 8 tenants are always the ones that get the negative back lash on the conditions they leave their unit in when vacating or even during leasing. Now yes there are some section 8 people that make it really bad on those section 8 tenants that do not destroy or leave their unit in such horrible conditions. With that being said it goes both ways rather they are section 8 tenants or non section 8 tenants. I hear and see so many people who own properties rather they are apartments or houses always pointing out and painting a bad picture for section 8 housing but if you really think about it and look at it does go for both non section 8 and section 8 tenants. but you never ever hear about non section 8 people leaving properties in such horrible conditions.
Yes, there are good section 8 tenants and there are bad non-section 8 tenants. But my experience has been that it's a lot harder to find good section 8 tenants than it is to find good non-section 8 tenants. When I talk to other landlords that I know, they usually all feel the same way.
Seemed like your Dad didn't do his due diligence. Not properly screening, or checking on the property. Seems like he just wanted the guaranteed money. How does a family move and you not know? How do they destroy a property and you not know? That means you didn't do inspections to check up on them.
They had only been gone a few weeks. Probably got into some sort of trouble or just owed too many people money and left town. Any HUD property is inspected at least once a year.
Jeez… gorgeous
Where were your positives? I didn't hear you state any positives
because there are no positives for section 8.
Had terrible experience with section 8 and uneducated people. No section 8 no class c neighborhoods. Only B+ and A-
Section 8 tenants have such a negative stereotype. Not all ruin property, a lot do though. They ruin it for good tenants. I’ve seen people who don’t receive assistance totally trash apartments just because they were angry at the owner. So it can happen either way.
You know you make section 8 renters sound bad which sucks because im considering being a section 8 tennant because i cant afford housing for me and my girlfriend whos forced to live with her abusive ex by her mom thanks for the stigma lady im trying to survive
Shes refering to the average section 8 tennant tends to damage the property more than most. Shes just stating a fact.
This is crazy. She does make section 8 sounds crazy. Her screening must not be that great. People thats on section 8 is not suppose to fix your house its your house. That was a dumb comment in my opinion. That's that slow down south crap. They dont pay much there at all. Smh
@@shannawalker5691 I never expect a tenant to do repairs to my property. I only expect them to pay their rent and to take care of the property. However I've had a number of amazing tenants who have made improvements to my properties. A few examples from just the last year, I have had one tenant install an electric garage door opener and another tenant install a smart thermostat (which he says he is leaving with the property if he ever moves). The same tenant who installed the smart thermostat, his refrigerator went out and he repaired it himself - only mentioned it to me when we were discussing something else. Another tenant (he moved in in January) has fixed up all the flower beds, planted flowers, and added mulch. I don't expect them to do any of this. But it is worth mentioning that when I get exceptional tenants like this they are never section 8.
Im glad i was able to live out of my car rather than have to rely on someone who already has a sour taste for my renting needs and to the guy who said just look for other renters .... -___- you know this video was pretty easy to find im sure anyone interwsted in the topic might see this shit and have the same veiws as this lady on poor people dont rent from someone who already looks at you for the mistakes of someone else who hurt them in the past thats not a landlord thats an abussive relationship between owner and tennant on the way if you can do what i did and live in your car and save its better then staying with these bitches
What state are you in?
Arkansas
They are good section 8 people but some bad too. I do run a background check.
What ever you do on section 8 make sure the place you rent is not a low income apartment. Most of there management Companies are shady.
This video seems a bit biased in a negative way.
Sometimes the truth isnt what you want to hear, but doesn't make it wrong
your very kind ! we know section 8 do 99.99% damage on all the homes !
I do agree with some cons and pros with dealing with section 8. But you have to understand we would like to make improvements and do things that are simple to fix. But being on section 8 if we do, we can be evicted. For tampering with property.
I never expect tenants to make repairs to my properties.
YOu would love me as a tenant.
Every apartment I’ve rented, I’ve had to make repairs and even major work but get treated terribly just because of my status. Then always on edge while living in a section 8 apartment. I never complain that a repair needs made. I’ve learned to keep my mouth shut and don’t bother the landlord. Just fix some problem. Pay on time every month. With this said, not all tenants are equal. Im tired of upgrading these nasty places our government is paying for. Now I don’t mind but don’t call me names and spit on me.
Right that is sad I have heard about these things happening to people the properties are embarrassing to live in and thoses landlords get away with it and then try to mess over the people that are own low income it needs to be more laws to make landlords fix the structure of there house's and some many rentals are out dated are to high to rent
You are so beautiful madam 💘
If the Government would take responsibility for damages caused by section 8 tenants it wouldn't be a problem. But they don't and I got my house trashed and it cost my 8 k to bring it back to snuff. I would only a rent a run down home to a section 8 tenant.
Hello you really don't have to take in section 8 or anybody. Man I went in the OSU campus area those students our dysfunctional and tearing the landlord place up and they was not on section 8 .
You have bad tenant who may not have a section 8 voucher . And everybody on section 8 not trifling.
I’m sorry I hate to be rude but that was really rude how you keep saying people with section 8 destroy things not all section 8 people are bad. Honestly in this video there are more cons than pros I don’t think it’s fair to see everyone with section 8 is dirty and unclean
Some of this information is wrong. If a tenant qualify for 100 percent rent coverage then they receive a utility check to pay utilities
Right before I took over managing the rental properties my mom had a single mom with 5 kids (most of them were adopted/foster kids) move into one of our properties. Her rent was 100% covered by HUD. I don’t know if she also received a utility check, but if she did it didn’t go directly to the utility company. She was only in the house for about 3 months before all the utilities got shut off. She pretty much left on her own, but she left the house full of stuff and smelling like dog pee - supposedly from her sons service dog (a 6 month old pit bull).
If a section 8 tenant destroyed your property they LOSE THIER HOUSING ASSISTANCE!! Same if the utilities get shut off
Yes, but that doesn’t seem to keep people from destroying houses. I just had tenants on HUD destroy every door in my house - literally over $6,000 in doors. It looks like they kicked them all in, they ruined flooring that was two years old, removed all the crawl space vents, and tore about half the trim out of the house. Yes, they lost their assistance but it was after they destroyed my property.
@@ItsMandy wow, wow, wow!
I’m not taking section 8 unless their credit score is 800.
There is a reason for stereo types, its not a myth there a big percentage that will do tons of damage and this comes from decades of experience. If they want more landlord participation in sec 8, the program needs to pay damages that they cause, and then their sec 8 benefit needs to be reduced and more the second time. But then you got the bleeding hearts, its not the children fault, that will hurt the children. Save yourself the headache, avoid section 8 at all costs.
Was considering it. Now I am not. Thx so much
When you feelling miserable and ashamed, just remember, at least you're not paying for anyone's onlyfans.
It cause damages because you don’t do a background check!
Maybe, but I'm not convinced a background check would change much. I'm pretty thorough when I verify the information in their application. And a lot of times (because it's a small town) I actually know of the tenant even if I don't know them personally. I really don't think there is anything that would show up on a background check that I'm not already aware of.
@@ItsMandy ohhh i understand! I have a question que your 7 properties yo earn arroun 8,000 a month? Orcyou just make 14,000 a year?
@@xxheadshotxx5562 After expenses I make less than $8,000 a month (significantly less), but I will make more than $14,000 this year. I'm not really sure exactly what I make per month, I don't actually pay myself and it still varies quite a bit from month to month.
The funny thing is there remains this- loyal to a fault -supporters of section 8 tenancy (the social worker type) who will never come to the obvious conclusion that renting to section 8 tenants presents a huge financial risk to the landlord. Blind ideology is when all reality is ignored in favor of being nicey nice and politically correct.
During the pandemic the landlords got royally screwed over by the government and the government overreach will get even worse. I would not tent to section 8 tentants either
HELL NO WITH SECTION 8...HELL NO WITH GOVERNMENT GETTING MORE CONTROL OF YOUR PROPERTY.
Ghetto tenants. As a business man, I’d never rent to them !!! But I would show support in other ways towards poverty
You are totally accurate on tenants of section 8 properties leaving houses in disarray. I worked for HA and witnessed the mess and destruction left behind. I never understood why they were in a class of their own for no respect with the property or other people.
I'm so tired of you all downing people... Maybe the landlord was a slum landlord... Tenants don't deserve to have to deal with slum landlords bs... You think that you can treat poor people however you want... I know people who weren't on that program that are horrible tenants... Most people want to get their security deposit back... At least most of it...
u must be a squatter
Sounds like your negative outweighs the positive so you don't need to rent to the program at all cause your saying even with guaranteed rent your not satisfied, and it sounds like since you don't have much say in what you would like to accept then you don't want it and honestly I would move out of your property if I were on the program in your property
If you did, it would be your loss. I'm a very good landlord and one of the few who actually accepts section 8 in my area.
@@ItsMandy no it wouldn't be cause after 2 mins of hearing you I can see right through you and those dry plants in the back, your talking about how you dislike that program, listen to yourself even when you attempt to talk about the positive you went back into if the program pays all the rent they can't pay utilities cause they don't have income, this video was discouraging other to be part of the program but your still doing it and collecting money despite all the negative talking bout the positive is you are guaranteed your rent, girl bye
@@lovegalore681 Paying rent on time is only part of what it takes to be a good tenant. The other part is taking care of the property. I can work with someone who is struggling to pay rent for a few months a lot easier than I can work with someone who doesn't take care of my property or who is repeatedly disruptive to the neighbors.
Absolutely her tenants need to know she is not the only landlord around they need to leave her with her no wear and tear tenants
They should make it that if u destroy the property then you lose ur voucher.It’s not fair that others have to suffer looking for apartments because they got this negative stigma toward them because of these kind of ppl.
This is for the billionaires