Joe Asamoah is a very successful investor, who rents to Section 8 tenants in Washington DC. Part of Joe’s screening process is to visit the prospective tenants current home. He wants to see how they are living, because the way their house looks now, is how the rental will look later. Are there bugs, trash, dirty walls and floors, etc? This process has allowed him to get the best Section 8 tenants. As in renting to anyone, Section 8 or not, screening is key.
Yo Yo, I sincerely appreciate your support. Here's the thing, I just been doing this for so long, it's just who I am now. SOO, I'm happy to share this story for my community to learn from my mistakes... 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
It's an honor to share my journey w/ you. I hope it give you some points to help w/ your business.. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Yo Yo, thx so much for taking the time to hang out w/ me. This house is doing GREAT, I got a good tenant and have no issues. It helps me and my family live in our new house. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Good luck with that. I rent to a section 8 tenant in October 2022. Today is April 4th 2023. I still haven't received a dime from the Newark NJ housing authority yet. Suddenly my calls get bounced from number to the other. My emails unanswered. Terrible. Section 8. NEVER AGAIN.
Tens of thousand of section 8 tenants live in housing all over the USA. The majority of them are stable tenants and keep the property clean, pay their rent on time and work full time. Unfortunately just like with the market rate tenants not all of them are good tenants. But that should not discourage landlords from renting to them. But I would disagree with not checking credit just because they have section 8. A section 8 tenant can also fall behind on their share of rent by racking up credit debt, plus you want to know if a section 8 tenant loses the section 8 voucher will they be able to pay the rent until the lease ends.
I did just what this guy did, moved out and rented my house to a section 8 single Mom. Biggest mistake I've ever made! Mom actually wasn't that bad for the first few years. It's when her 2 daughters got to be dating age and started bring home riff-raft! Cops, complaints....etc....sold the house, made some good money and never looked back! It's not worth it, and I even had a property manager and it still wasn't worth the worry. In short, don't EVER be a landlord, period!
Thanks Kris!! What if the new HUD 2024 FMR increased significantly from what my current rent is.... Is it wise to ask for the rental increase to HUDs FMR?
Sec 8 folks can and will destroy your house and YOU will have to pay to get it repaired! Nothing will happen to the sec 8 voucher holder ! Sure, u can take them to court and get a judgment, that doesnt mean u won't be out thousands of dollars for repairs
Hi Kris, As always Great Content! My question is when you're listing an apartment for Lease for Section 8, do you usually put it at or above the FAIR MARKET RENT (FMR) published by HUD??? What is your strategy??? Thank you!
hey Thnx, this will be our QOTD for Monday, I appreciate you contributing and make sure you're on our email list so you don't miss any aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
kris, like your video. to have 3 yrs lease, is it catching up the market or inflation rising? also, what happened if the tenants employment got changed, the program will change the allowancance, right?
section 8 is ok if you have, cement floors, brick walls, iron doors. What that sounds like? Jail. Give no amenities, no ceiling fans, no applicances, no pest control, no security doors, no washer and dryer, no nothing except floors and walls. Shouldn't have to be this way with handicap tenant with live in aide.
@@krishaskins no talks on how to get out the section 8 contract dealing with the procedures and court, the cost and time of removing a bad tenant from section 8
Awesome info Brother Askins! I truly appreciate you taking the time to put this detailed information out. Looking forward to working with you. Keep up the good work. #Hampton #757
Great way to screw over your old hood….property values will drop…your property will get ruined….good luck with the single mom with 3 kids…wait for her boyfriend to move in…plus all the other fam….quit screwing over other homeowners in the area!!!!
Mr. Kris, New subscriber here! I've just obtained a rental property in Hampton and looking through your videos for tips on hiring general contractors. If you offer consultations for specific questions please let me know so I can get on your calendar. Even if you cannot your videos are a lot of help and I want to say thank you.
Yo Yo, thnx so much for checking out my crazy world. It's an honor to serve and further, thnx for being willing to invest in yourself and some information. Here's the link to sign up for a consultation: www.therealestateroundup.com/one-time-consultation/
@@jcoolman4854 wrong. All tenants should be screened the same way. A section 8 tenant is NOT better or worse than a regular renter. I have 2 Section 8 tenants and they are as good as my other tenants. HCV program provides us leads but it's our job as landlords to screen and approve the correct tenant
@@stevekelly6303 Good to hear about nice section 8 tenants. I don't know where you are located, but here in Newark NJ, it has been seven months and I haven't received a single payment from section 8 yet, meanwhile, I already have to replace the stove and other stuffs for the tenant. I would have been better with an empty unit.
OK, what makes you say this? Here's the thing, the Section 8 program has been one of the reasons I've been able to pay OFF some of my houses. It's the most consistent system in my business. Mid term, short term, long term.... Not even Lease Option tenants can compare to the consistency of the US Government. But I'd love to hear why you would or do NOT work w/ these tenants? No doubt you have rental property and every person's experience is different, you can help some of my Roundup Fam w/ your perspective...
I did in Sacrament, CA and would not do it again. Neighbors complaining and damage were not worth it to me. California law now says we have to allow Sec. 8.
@@propertypaul wow. Sorry to hear that. I'm in Texas. I have come across too many "regular" tenants that had too many excuses on the first of the month. I now receive high rents, low taxes, and I own my properties free and clear so it's pure income. I'm also writing my dissertation on this. It's a win all the way around. 👍🏾
This will be the QOTD for tomorrow, great point here. 👉Make sure you Join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
This is a good point here. I wonder, what criteria would you enforce to have the tenant get off gov't assistance in xx years? The only problem I see is some people really need it for a long time. While some only stay on it because they don't want to be independent. How would you make it all work because some people won't be able to live w/out it. I can only imagine most people think xx years is long enough for gov't assistance. But from what I've seen, if a person has xx dependents, it's no way they can afford to live here in the US. Now, that gets into a much deeper analysis that takes more time to unpack. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
I"ma be honest, I was a "sleep on a friends couch" person when I was younger. It took me many years to figure this thing out. We have to have tough empathy for folks as some take longer than others to learn the game. And hell, some never learn the game until it's too late. Who's to judge when it's the right time? it's tough. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Why would you rent to someone that can't afford it? Do you have any idea what these people do to Neiborhood's with loud music, five and six cars parked out front different cars all the time.
That’s only if you allow that type of behavior. You add that to your contract and it’s a violation. I know full market value renters that do worse as well as home owners… TRIFLING HAS NO INCOME LEVEL!!!
There aren't thousands that NEED section 8 .... there are thousands that WANT section 8. A lot of people are happy to live off government. Abled bodied people with limited motivation to better themselves are happy to stay on welfare forever. Section 8 allows mediocracy which creates limited resources for people who need the help. We as Americans want to help, but welfare is not a lifetime lifestyle. It's a hand out to provide support while a person can better themselves and move on, allowing others to do the same. Too many will stay on section 8 forever, paying $300/m for a $3000/m home. And government allows it. It's a joke.
Ha!! Yeah there's lots of us. I'm actually a sect 8 recipient looking on how to find you very beautiful sect 8 landlords!! It's a good program to get with, if you want 100% guaranteed payment.
Joe Asamoah is a very successful investor, who rents to Section 8 tenants in Washington DC. Part of Joe’s screening process is to visit the prospective tenants current home. He wants to see how they are living, because the way their house looks now, is how the rental will look later. Are there bugs, trash, dirty walls and floors, etc? This process has allowed him to get the best Section 8 tenants. As in renting to anyone, Section 8 or not, screening is key.
This man, is officially my mentor.
Yo Yo, I sincerely appreciate your support. Here's the thing, I just been doing this for so long, it's just who I am now. SOO, I'm happy to share this story for my community to learn from my mistakes... 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
From my experience with 2 different sections 8 tenants they tore up my property left a horrible roach infestation, trash, and smelled horrible 😢😢😢
Mine too..........
I've been in my section 8 apartment for a year now. My apartment is cleaned once a day whether I want to or not. Not everyone trashes their home.
Thanks This is great information
It's an honor to share my journey w/ you. I hope it give you some points to help w/ your business..
👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
I think I'll be buying that guide soon Kris....Great info... I stay learning from you ✊🏾 Thanks for the value..
U got that nice house down there will be perfect for this program kid.
@kris haskins Absolutely ! I'm going to pull the same move when I move out of the house I'm in... Thanks for opening my eye to section 8 🙌🏾
Section 8 should be reserved for seniors and veterans.
Agreed but add the disabled
This cover/thumbnail is hilarious to me 😂😂😂😂😂
Always a blessing to hear you. THANK YOU for all the knowledge
Yo Yo, thx so much for taking the time to hang out w/ me. This house is doing GREAT, I got a good tenant and have no issues. It helps me and my family live in our new house. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Thank you 👍
Great info as always, thanks
Q: Do you have to go through a special process to evict tenants if they’re not paying rent?
Great video I am from the area and this one of places I am looking to invest
Absolutely!!!! Thank you. Great information!!!
One Question about Section 8: The HUD accept the Property under the Land Trust or LLC? or is Mandatory the Property under your Personal Name?
Same as in Hawaii
Section 8 is closed for us down here too.
Good luck with that. I rent to a section 8 tenant in October 2022. Today is April 4th 2023. I still haven't received a dime from the Newark NJ housing authority yet. Suddenly my calls get bounced from number to the other. My emails unanswered. Terrible. Section 8. NEVER AGAIN.
How is it possible to not get rent? You should have the contract w/ the housing dept. and it should be on auto pay.
Go in person to the office.
Sounds like you have an agenda, what you are saying is Not True.
Newark??? Lol
Contact the head of HUD
Very helpful Thank you for sharing
Thanks
great video
Tens of thousand of section 8 tenants live in housing all over the USA. The majority of them are stable tenants and keep the property clean, pay their rent on time and work full time. Unfortunately just like with the market rate tenants not all of them are good tenants. But that should not discourage landlords from renting to them. But I would disagree with not checking credit just because they have section 8. A section 8 tenant can also fall behind on their share of rent by racking up credit debt, plus you want to know if a section 8 tenant loses the section 8 voucher will they be able to pay the rent until the lease ends.
Did they remove the number of vouchers that you could see? It is no longer viewable.
I did just what this guy did, moved out and rented my house to a section 8 single Mom. Biggest mistake I've ever made!
Mom actually wasn't that bad for the first few years. It's when her 2 daughters got to be dating age and started bring home riff-raft! Cops, complaints....etc....sold the house, made some good money and never looked back!
It's not worth it, and I even had a property manager and it still wasn't worth the worry.
In short, don't EVER be a landlord, period!
Great watch!
Thank You Sir!!!
Thanks Kris!!
What if the new HUD 2024 FMR increased significantly from what my current rent is.... Is it wise to ask for the rental increase to HUDs FMR?
Sec 8 folks can and will destroy your house and YOU will have to pay to get it repaired! Nothing will happen to the sec 8 voucher holder ! Sure, u can take them to court and get a judgment, that doesnt mean u won't be out thousands of dollars for repairs
Hi Kris, As always Great Content! My question is when you're listing an apartment for Lease for Section 8, do you usually put it at or above the FAIR MARKET RENT (FMR) published by HUD??? What is your strategy??? Thank you!
hey Thnx, this will be our QOTD for Monday, I appreciate you contributing and make sure you're on our email list so you don't miss any aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
BTW I was waiting for this to premier 😂
How about PR. Do you have any rent to buy?
All city section 8 programs are not the same. They want to come in and change everything that they don’t need to change.
That is very true. I’ve noticed that in my dealing with potential section 8 tenants recently.
I want to get your section 8 course but don’t you need a house to do this? Do we have to pay out of pocket for house? Or use credit?
kris, like your video. to have 3 yrs lease, is it catching up the market or inflation rising? also, what happened if the tenants employment got changed, the program will change the allowancance, right?
I can only pay up to $1200 a month including utilities with a Section 8 Voucher
section 8 is ok if you have, cement floors, brick walls, iron doors. What that sounds like? Jail. Give no amenities, no ceiling fans, no applicances, no pest control, no security doors, no washer and dryer, no nothing except floors and walls. Shouldn't have to be this way with handicap tenant with live in aide.
😂There's a lot of personality in this comment 🤣
Well, I don't necessarily think it's THAT bad, but you're right, things would be smoother if there's nothing to be messed up...
@@krishaskins no talks on how to get out the section 8 contract dealing with the procedures and court, the cost and time of removing a bad tenant from section 8
Those who know, know.
Awesome info Brother Askins! I truly appreciate you taking the time to put this detailed information out. Looking forward to working with you. Keep up the good work. #Hampton #757
I just closed one with HHA. So how often should I visit my property?
Cool video!
Great way to screw over your old hood….property values will drop…your property will get ruined….good luck with the single mom with 3 kids…wait for her boyfriend to move in…plus all the other fam….quit screwing over other homeowners in the area!!!!
EXACTLY. I had a similar BAD experience.
how can i get aplication for landlord
Nope...too many private pay who take pride in working and keeping their home up and make and worry about a damage deposit coming back to them
Mr. Kris,
New subscriber here! I've just obtained a rental property in Hampton and looking through your videos for tips on hiring general contractors. If you offer consultations for specific questions please let me know so I can get on your calendar. Even if you cannot your videos are a lot of help and I want to say thank you.
Yo Yo, thnx so much for checking out my crazy world. It's an honor to serve and further, thnx for being willing to invest in yourself and some information. Here's the link to sign up for a consultation: www.therealestateroundup.com/one-time-consultation/
Pls stay away from section 8, you will thank me later. Terribly, horrible. The moment the tenant move in, they become your problem.
@@jcoolman4854 wrong. All tenants should be screened the same way. A section 8 tenant is NOT better or worse than a regular renter. I have 2 Section 8 tenants and they are as good as my other tenants. HCV program provides us leads but it's our job as landlords to screen and approve the correct tenant
@@stevekelly6303 Good to hear about nice section 8 tenants.
I don't know where you are located, but here in Newark NJ, it has been seven months and I haven't received a single payment from section 8 yet, meanwhile, I already have to replace the stove and other stuffs for the tenant. I would have been better with an empty unit.
@@jcoolman4854 ok understood. 7 months without payment is a long time
dosen't show all of Florida
I wouldn't
OK, what makes you say this? Here's the thing, the Section 8 program has been one of the reasons I've been able to pay OFF some of my houses. It's the most consistent system in my business. Mid term, short term, long term.... Not even Lease Option tenants can compare to the consistency of the US Government. But I'd love to hear why you would or do NOT work w/ these tenants? No doubt you have rental property and every person's experience is different, you can help some of my Roundup Fam w/ your perspective...
ALL of the homes in my portfolio are Section 8. I LOVE IT.
@@dmac8395 fuk that
I did in Sacrament, CA and would not do it again. Neighbors complaining and damage were not worth it to me. California law now says we have to allow Sec. 8.
@@propertypaul wow. Sorry to hear that. I'm in Texas. I have come across too many "regular" tenants that had too many excuses on the first of the month. I now receive high rents, low taxes, and I own my properties free and clear so it's pure income. I'm also writing my dissertation on this. It's a win all the way around. 👍🏾
Section 8
Good morning sir could you send me the application you use
Can you have a property mgmt company do the home visit?
This will be the QOTD for tomorrow, great point here. 👉Make sure you Join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
We need to place a cap on section 8. Food has a 5-year limit. Section 8 has no time restraints. A person can live on section 8 forever. That's absurd.
This is a good point here. I wonder, what criteria would you enforce to have the tenant get off gov't assistance in xx years? The only problem I see is some people really need it for a long time. While some only stay on it because they don't want to be independent. How would you make it all work because some people won't be able to live w/out it.
I can only imagine most people think xx years is long enough for gov't assistance. But from what I've seen, if a person has xx dependents, it's no way they can afford to live here in the US. Now, that gets into a much deeper analysis that takes more time to unpack. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Some folks like to stay homeless or sleep on there mothers couch stay that way don't ruin it for others.
I"ma be honest, I was a "sleep on a friends couch" person when I was younger. It took me many years to figure this thing out. We have to have tough empathy for folks as some take longer than others to learn the game. And hell, some never learn the game until it's too late. Who's to judge when it's the right time? it's tough. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Why would you rent to someone that can't afford it? Do you have any idea what these people do to Neiborhood's with loud music, five and six cars parked out front different cars all the time.
That’s only if you allow that type of behavior. You add that to your contract and it’s a violation. I know full market value renters that do worse as well as home owners… TRIFLING HAS NO INCOME LEVEL!!!
Does anyone know if you can list a duplex or tri plex for section 8 looking into renting out my 1st section 8 housing
Good luck!
Definitely can
Crazy
There aren't thousands that NEED section 8 .... there are thousands that WANT section 8. A lot of people are happy to live off government. Abled bodied people with limited motivation to better themselves are happy to stay on welfare forever. Section 8 allows mediocracy which creates limited resources for people who need the help. We as Americans want to help, but welfare is not a lifetime lifestyle. It's a hand out to provide support while a person can better themselves and move on, allowing others to do the same. Too many will stay on section 8 forever, paying $300/m for a $3000/m home. And government allows it. It's a joke.
NO THANKS!
Ha!! Yeah there's lots of us. I'm actually a sect 8 recipient looking on how to find you very beautiful sect 8 landlords!! It's a good program to get with, if you want 100% guaranteed payment.
Sad how a fellow brother switches up on our people. Taking advantage of fellow brothers to make money. Amerikkka has gotten to you.
How is he switching up and taking advantage?
Nonsense. He’s providing affordable housing with dignity.
What kind of loser are you?
Gay punk keep saying section 8 tenants gonna tare up yo place
You are so educated