{"id":58185,"date":"2014-05-29T00:05:42","date_gmt":"2014-05-29T06:05:42","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=58185"},"modified":"2023-04-11T05:04:29","modified_gmt":"2023-04-11T11:04:29","slug":"2014-05-29-managing-tenants-section-8-mark-ainley","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-05-29-managing-tenants-section-8-mark-ainley","title":{"rendered":"Managing Hundreds of Tenants and Getting Uncle Sam to Pay the Rent with Mark Ainley"},"content":{"rendered":"<p>Today on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a> we jump straight into the nitty-gritty with a real estate broker, investor and property manager from the greater Chicago area.<\/p>\n<p><strong>Mark Ainley<\/strong> brings a fresh perspective on how to\u00a0successfully invest in lower-income rentals and goes deep into the details of\u00a0everything you&#8217;d need to know, covering\u00a0acquisition to rehab to management, straight out of\u00a0of his experience investing in the notorious South Side Chicago area.<\/p>\n<p>Today&#8217;s show also gives great insight on the in&#8217;s and out&#8217;s of Section 8 housing<strong>,<\/strong>\u00a0the program that has\u00a0the government paying a\u00a0portion (even up to 100%) \u00a0of the\u00a0rental income for the tenant. Mark\u00a0also covers a lot of the managerial secrets behind being a successful property management company and gives you specific\u00a0criteria on how\u00a0to\u00a0vet property managers.<\/p>\n<p>This show is really meaty so be sure to grab a pen and paper for notes&#8230; and with that, let&#8217;s jump into it!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp72-mark-ainley-podcast-transcript-managing-tenants-getting-uncle-sam-to-pay-rent\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC6876500934\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover:<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-42908\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM-150x150.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/a><\/h2>\n<ul>\n<li>How to build a real estate company from <strong>your mom&#8217;s basement.<\/strong><\/li>\n<li><strong>&#8220;Cash-for-keys&#8221; &#8211;<\/strong>\u00a0an alternative to\u00a0eviction<\/li>\n<li>Warning: How to lose\u00a0money by betting on\u00a0<strong>appreciation<\/strong><\/li>\n<li>How to handle late Section 8 tenants when they <strong>only owe\u00a0$15<\/strong><\/li>\n<li>How\u00a0Brandon got a\u00a0<strong>broke tweaker<\/strong>\u00a0out of his property<\/li>\n<li><strong>Advice for newbies<\/strong> who are thinking about getting started\u00a0in lower income areas<\/li>\n<li>How to find flexible <strong>n<\/strong><strong>on-profit portfolio lenders<\/strong><\/li>\n<li>The<strong> full-gambit<\/strong> of investing in<strong>\u00a0Section 8 housing<\/strong><\/li>\n<li><strong>Major red flags<\/strong> \u00a0to look for in tenant screening<\/li>\n<li>How to do deals <strong>via text message<\/strong><\/li>\n<li>and much, much more!<\/li>\n<\/ul>\n<h2>Links Mentioned<\/h2>\n<ul>\n<li><a title=\"How to \u201cHack\u201d Your Housing and Get Paid to Live for Free\" href=\"\/renewsblog\/2013\/11\/02\/hack-housing-get-paid-live-free\/\" target=\"_blank\" rel=\"noopener noreferrer\">House Hacking<\/a><\/li>\n<li><a href=\"http:\/\/www.socialserve.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">SocialServe.com<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2adMZiS\" target=\"_blank\" rel=\"noopener noreferrer\">Art of The Deal<\/a> by\u00a0Donald Trump<\/li>\n<li><a href=\"http:\/\/amzn.to\/2awdEXx\" target=\"_blank\" rel=\"noopener noreferrer\">The Millionaire Real Estate Agent<\/a>\u00a0by\u00a0<span style=\"color: #000000;\">Gary Keller<\/span><\/li>\n<li><a href=\"http:\/\/amzn.to\/2an5sZr\" target=\"_blank\" rel=\"noopener noreferrer\">The E-Myth<\/a> by\u00a0<span style=\"color: #000000;\">Michael E. Gerber<\/span><\/li>\n<li><a href=\"http:\/\/amzn.to\/29YI1HZ\" target=\"_blank\" rel=\"noopener noreferrer\">Trump: The Way to the Top: The Best Business Advice I Ever Received<\/a> by\u00a0<span style=\"color: #000000;\">Donald J. Trump<\/span><\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<p>&#8220;To do a flip successfully it takes being at\u00a0the property every single day!&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22To%20do%20a%20flip%20successfully%20it%20takes%20being%20at%20the%20property%20every%20single%20day!%22%20@BiggerPockets%20Podcast%20072%20%20http:\/\/bit.ly\/1pzegLN\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p>\n<h2>Connect with\u00a0Mark<\/h2>\n<ul>\n<li>Mark&#8217;s\u00a0<a href=\"https:\/\/www.biggerpockets.com\/users\/GCRealtyMgmt\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Profile<\/a><\/li>\n<li>Mark&#8217;s Website:\u00a0<a href=\"http:\/\/www.gcrealtyinc.com\" target=\"_blank\" rel=\"noopener\">www.gcrealtyinc.com<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today on the BiggerPockets Podcast we jump straight into the nitty-gritty with a real estate broker, investor and property manager from the greater Chicago area. Mark Ainley brings a fresh [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-58185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/58185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=58185"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/58185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119597"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=58185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=58185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=58185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}