Managing our first Section 8

[Rhianna Cultrona]

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

[Manjit Khara]

Quote from @Rhianna Cultrona:

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

 Great.  Pl send me your contact no so that I can call you.  Thanks 

[Bob Stevens]

Quote from @Rakumarudu Nijam:

Awesome. What is the typical payout for PM who manages Section8?

 There is not a difference between the charge for sec 8 or cash tenant. I get charged 8% , meaningless 

[Alex Rehman]

@Manjit Singh Khara hello, please check your inbox regarding your property management needs. Thanks.

[Bret M.]

Quote from @Rhianna Cultrona:

Quote from @Bob Stevens:

Quote from @Rhianna Cultrona:

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

 We have about 30 props in Akron, I would never in a million years even think about self-managing, why? Its like 100 bux a month, meaningless fee for them to handle it all 

Good luck 

 That was a momentary lapse in judgement lol. I recovered and hired a PM who specializes in S8 

 What led you to this decision and would you be open to connecting? I am new to Akron