Stop Doing THIS to your Section 8 Units!

[James Wise]

Managing Section 8 housing in poor cities like like Detroit, Michigan or Cleveland, Ohio is a tough job. The Section 8 tenants in these types of cities are very hard to deal with. Some Section 8 landlords think these tenants are the worst. Detroit & Cleveland tenants trashing an apartment is far too common. Because of this many Section 8 landlords fall into the trap of spending the least amount of money on their tenant turnovers. These landlords fall into the belief that there is no point to fixing up a unit because the tenants will ruin it anyway. While it's true that Section 8 tenants are always going to have a higher risk of property damage than more responsible tenants, fixing up your Section 8 units will attract the best Section 8 tenants. In the Section 8 investing business, you want to attract the tenants who will stay longer and take care of the property better. The only way to do this is by doing proper turnover renovations on all of your Section 8 units. Tune in to HoltonWiseTV to learn more about making money investing in Section 8 housing in Detroit, Michigan and Cleveland, Ohio.

Stop Doing THIS to your Section 8 Units! | HoltonWiseTV Highlights

CLICK HERE TO WATCH THE VIDEO

Hit me up to talk about investing in the following markets.

- Cleveland, Ohio

- Columbus, Ohio

- Akron, Ohio

- Canton, Ohio

- Cincinnati, Ohio

- Dayton, Ohio

- Miamisburg, Ohio

- Elyria, Ohio

- Lorain, Ohio

- Toledo, Ohio

--- I work with that Australian slice of man pie @Engelo Rumora & the blonde bombshell @Dominique Osborn as well as the rest of the OzRealty team on my Toledo deals. Ask them about it.

- Warren, Ohio

- Hamilton, Ohio

- Lakewood, Ohio

- Garfield Heights, Ohio

- Euclid, Ohio

- Maple Heights, Ohio

- Ashtabula, Ohio

- Conneaut, Ohio

- Sandusky, Ohio

- Vermilion, Ohio

- Lima, Ohio

- Dublin, Ohio

- Springfield, Ohio

- Detroit, Michigan

- San Antonio, Texas

- Birmingham, Alabama

- Orlando, Florida

--- I work with that bearded bro brisket @Zach Lemaster and the rest of the Rent To Retirement team to bring you freaks Build to Rent deals in several markets in Alabama, Texas, & Florida. Ask them about it.

CLICK HERE for Lender Financing

CLICK HERE for Seller Financing

CLICK HERE for General Contractor Referrals

CLICK HERE for a Personalized Turnkey Experience on ANY Property in the markets listed above.

[Ashley C.]

In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but two of the main reasons being, there is an annual HUD inspection that is performed on each property, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for both of those reasons, therefore they are LESS likely to damage a property - their future depends on it!

Furthermore, I do agree that owners will all too often invest pennies on the dollar into a property and expect it to suffice. If you're purchasing in a low income area, you're already getting a discount on the purchase, BUT it's ridiculous to think that a property purchased at 30k> is going to be "turn key" and rent ready, it NEVER IS! That property will still require 10, 15, sometimes even 30k ON TOP of the purchase price to be rent ready, especially if they intend on passing a Section 8 HUD inspection!! The other frustrating piece to that pie is that folks assume because properties are going for cheap in an area that contractor rehab work is going to be 'discounted' as well, and it is NOT discounted, it's the same going rate, if not MORE in less expensive neighborhoods because it is MORE COMPETITIVE in those areas for licensed contractors. They'll expect to get a "good deal" on everything and they're surprised when they end up with a trash rehab, but only wanted to spend 5k on it, when the property itself was only 15-20k... GET REAL INVESTORS! Folks need to wake up and MAKE the coffee, in order to get to smell the coffee, not just simply wake up and poor, magically the coffee is made, and that's the truth!

[James Wise]

Quote from @Ashley C.:

In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but two of the main reasons being, there is an annual HUD inspection that is performed on each property, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for both of those reasons, therefore they are LESS likely to damage a property - their future depends on it!

Furthermore, I do agree that owners will all too often invest pennies on the dollar into a property and expect it to suffice. If you're purchasing in a low income area, you're already getting a discount on the purchase, BUT it's ridiculous to think that a property purchased at 30k> is going to be "turn key" and rent ready, it NEVER IS! That property will still require 10, 15, sometimes even 30k ON TOP of the purchase price to be rent ready, especially if they intend on passing a Section 8 HUD inspection!! The other frustrating piece to that pie is that folks assume because properties are going for cheap in an area that contractor rehab work is going to be 'discounted' as well, and it is NOT discounted, it's the same going rate, if not MORE in less expensive neighborhoods because it is MORE COMPETITIVE in those areas for licensed contractors. They'll expect to get a "good deal" on everything and they're surprised when they end up with a trash rehab, but only wanted to spend 5k on it, when the property itself was only 15-20k... GET REAL INVESTORS! Folks need to wake up and MAKE the coffee, in order to get to smell the coffee, not just simply wake up and poor, magically the coffee is made, and that's the truth!

 Section 8 tenants are pretty rough on properties. The only time I'd say it's true that Section 8 tenants treat the properties better than non Section 8 tenants is when the property is in the ghetto. When you are in the ghetto I do agree that Section 8 poses the least risk. When you are in nicer areas though, Section 8 is by far the riskiest tenant base.

[Ashley C.]

Sorry, I do not agree. But that's just my opinion, from my experiences with Section 8 HUD tenants and properties in MS and CA. It may be different where you do business. Love the topic, and thank you for posting!

God bless America where we are both freely entitled to our opinions. My husband is a veteran, and I thank him, our other vets and soldiers, and God, everyday, for our freedoms. Hope you have a blessed Sunday sir, let's GO COWBOYS!!

[James Wise]

Quote from @Ashley C.:

Sorry, I do not agree. But that's just my opinion, from my experiences with Section 8 HUD tenants and properties in MS and CA. It may be different where you do business. Love the topic, and thank you for posting!

God bless America where we are both freely entitled to our opinions. My husband is a veteran, and I thank him, our other vets and soldiers, and God, everyday, for our freedoms. Hope you have a blessed Sunday sir, let's GO COWBOYS!!

[Ashley C.]

Bahaha, they've been breaking my heart for years, but I still love em' loyal and true!

[James Wise]

Quote from @Ashley C.:

Bahaha, they've been breaking my heart for years, but I still love em' loyal and true!

 Well that didn't go as planned yesterday.

[Ashley C.]

Yeah, we're looking pretty good this season... WATCH OUT AMERICA! 

[Ashley C.]