All Forum Posts by: Jermell Shavers

@Paul S. Home warranty.. Also learn how to fix things yourself and evict one tenant at a time. Go into one unit fix everything and go above and beyond.. Rent it back out and repeat..

@David G. Eviction.. Any pushback from my tenants and they are out. This is my investment..

@Mark Faustrum. Thank you I’ve heard about her some years ago. Very wise

@Jeremiah M. I’ve tried to call that office many times and nobody ever answers or returns my call. It’s ridiculous… I called my tenants case worker and never got a call back.

@Mark Faustrum. Thank you. My PM keeps telling me that I won’t get much but they were wrong last time. Because my tenants pays 905 and they also pay utilities and I pay the sewer bill. I wonder if they will always max it out. Guess I’ll just have to buy the house and see.

@Steve Ehrman. Thank you this is what I use and sec 8 should pay the max based on how many bedrooms I have and the tenants voucher. My PM is telling me that I won’t get that amount but lower.. Are they misinformed ? They honestly have me confused about sec 8 and how the payment system works. Because my other tenant she has a 2 bedroom voucher and they give me 905 before anything gets deducted…

@Jeremiah M. But if I charge 1000$ and the tenant has a 2 bedroom voucher the max sec 8 will pay is 905 for a 2 bedroom the tenant can’t pay more it’s against the law.. sec 8 pays only so much and then the tenant has their portion.

@Jeremiah M. I’m still pretty lost 70-90% of the market value ? I thought they used a payment standard based on how many bedrooms you have ?

I know most tenants carry a 2-3 bedroom voucher so if you have a 2 bedroom house they would pay what they say on the site..

So I’m looking at a 2 bedroom in Ferguson it already has tenants in it. I won’t be renewing the current tenants lease. I want to put it on sec 8 doesn’t sec 8 have a standard payment amount for how much they will pay for based on how many bedrooms the house has and what kind of voucher the tenant has ? Saint Louis Missouri is where I invest. If anyone can chime in I’d be very grateful.

I’m looking at the Sec 8 payment standard and they say a 2 bedroom will pay 905. But my PM says they won’t pay that much ? Idk what to believe…

@Kathleen D. I’ve heard of fixed annuities but never really looked Into them might want to take a look