All Forum Posts by: Mark Del Grosso

The best way to get started is to get started.

Congrats

I have one section 8 tenant and that is because she has been with me for years. Out of all the section 8 tenants I have had she was the only good one. You will find a good one but IMHO most bring some form of baggage. I stopped accepting section 8 about six years ago and don't regret it. Many times my soft heart wants to give them a shot, then I remember my past experiences. May I also state that many of the bad experiences I had left me still feeling that they were good people that just didn't understand how to make good choices in their life. But I CAN'T have that at my properties and have them chase the good tenants out.

 Also my experience with the yearly inspection was defiantly nit picking. I won't bore you with examples.

If you are new to land-lording I would definitely not advise you to take section 8.

My two pennies.

I have been asked to partner with several people and family members over the years.

Only one person did I say yes to. And that is because I know his integrity is everything to him. He lacked may of the things you may look for in a partner (handyman skills, cash, free time) but I knew his character made up for it. It has been five years and has worked out great.

Thanks Michael.

Nice to hear from someone in the area.

Thanks everyone.

Hello my name is Mark. I live and invest in Western New York State. I am 53 and work as a tooling Engineer where I have been employed for 30 years. I have been a buy and hold investor for 25 years. 13 properties, 46 units. In two years I will reach "critical mass" where my properties will bring in enough income to replace my day job. At that point I plan on expanding my investment opportunities. I am looking forward to meeting all of you.