All Forum Posts by: Jane Dang

Tanks Greg. Your advice makes lots of senses. Appreciate it.

I am renting my house to section 8 tenants. I want to request tenants to buy their own renters insurance. Could you please advice if it is okay for me to request section 8 tenants to buy renters’ insurance? Is it a legal thing to do? I will rent to the one who agree to buy their renters insurance. Want to know if I violate any regulation. Thanks in advance Jane

I am renting my house to section 8 tenants. I want to request tenants to buy their own renters insurance. Could you please advice if it is okay for me to request section 8 tenants to buy renters’ insurance? Is it a legal thing to do? I will rent to the one who agree to buy their renters insurance. Want to know if I violate any regulation. Thanks in advance Jane

Thank you @Rick Ng.

Thank you all fir your advices. I could not find good tenants who have 5 bedrooms voucher. So I think I will go with 4s. I prefer to rent it out without sec 8 but I don’t have anyone whi interest. I post my list on craigslist but nobody hit my ads. It seems the price is too high? where do you normally post ads fir renting if I don’t want to hire a property management company?

I am listing my 5 bedrooms house for rent for $4200/month. A family likes the house and has a section 8 housing voucher for 4 bedrooms. Housing only pays $3641 for 4 bedrooms voucher. The family is willing to pay the difference out of their pocket. I want to know if it is legal to do so? Is it okay for me to rent 4bedroom voucher and collect the extra from the tenants? If so do I need to notify the housing office? Does anyone have experience on this case, please help me?

Kyle J. Thanks for sharing

I say YES on 401k but you need to spend time on it as you do in RE. Most people just set the money in account and don't know where it goes. It ends up with very low returns. If you spend enough time to understand and select right funds, it will do pretty well. I am a professional in high tech industry with high pay. I also have a few rentals with high cash flow returns. 401k helps me to reduce my tax bracket. I always max out it every year. My company offers 5% dollar-per-dollar matching that adds extra to the account. My yearly return rate is 15+% which is pretty decent to me.

@Amit M Why is it especial for CA's tenants? What you said set more favor to tenants, isn't it? Is there any law to protect landlord?

@Sam Shueh do you mean checking our my inbox?  I don't see anything from you.  I am so new to this forum so I still learn the terminologies.  Thanks for your great input.   I am not sure if I fully understand your last part.  Could you please give the explanation in full again?

"Be helpful to your tenants as it is difficult to move on. Section 8 rejection is not permitted in 2018 in SJ as there is a fine of $10K or warning if caught placing someone less qualified but not section 8 cat. "

Thanks

Jane