| I have sec 8 tenants. |
2008-11-20 14:32:03 |
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sec 8 tenants are usually lower quality tenants, if you have a nice property, don't, but if your house is older but still up to code, go for it.
you have to sign a contract with local sec 8 housing authority, usually the rent is slightly below market when you sign on, but you can request it be increase the second year.
you also need to keep the premise update and meet your local code, yearly inspection is required.
you will guarantee to get paid every month on the spot from HuD, sometimes tenants are responsible for portion of the rent, you make sure you on top of that, because again, these are lower quality tenants.
you will have more responsibility than renting to market, you will need to report move in/ move out, repair must be done within 10 days after report.
so, it depends on how your local rental market go, you have to think about is it worth the extra time you spend on paper work.
I once had 13 Hud voucher, now I still have 9.
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| I got sued by tenant for personal property left behind - Pt 3 |
2008-11-12 14:49:09 |
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Part2 here
http://web.wenxuecity.com/BBSView.php?SubID=tzlc&MsgID=108122
After 2 month of waiting, last week, my attorney which he was hire by my insurance company, call and said the tenant wants $1000 and drop the case, the insurance counter at $500 without informing me, but gladly the other side wants more, so we are going to trial.
so, today I sit thru a 2 and half hour trial, recall the all the witness and represent all the pictures as evident, now it is on the judge's hand, but I have the feeling we going to win because all the stuff in the pictures shown are all junks.
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