Real Estate Investing Forums

Real Estate Investing => Rehabbing, Fix and Flip, Rental Properties => Topic started by: #1investor on January 17, 2007, 04:56:43 pm

Title: New Section 8 Landlord recieving suggestions!!
Post by: #1investor on January 17, 2007, 04:56:43 pm
Hello my friends on reiclub.  I am about to purchase properties here in Raleigh, NC for section 8.  It is a great market here for sec 8, actually a 5 year waiting list.  What things should I look out for in section 8 tenants and as a landlord?
Title: Re:New Section 8 Landlord recieving suggestions!!
Post by: propertymanager on January 17, 2007, 05:07:59 pm
derlamtay,

The number one thing that you should look for in any rental property is proper cash flow.  Do a thorough cash flow analysis using real world expense numbers before buying ANY rental property.

Section 8 tenants are exactly like any other tenants.  They have the same issues and problems.  They are no better or worse.  

Get the checklist of things that the Section 8 inspector looks at.  Then, make sure that your property is in the proper condition before the inspector arrives.  That minimizes delays in getting new tenants in your units.

Good Luck,

Mike