Re: Nonpayment of rent - Landlord Forum thread

Re: Nonpayment of rent by Laura (Missouri) on April 3, 2012 @09:56

Thank you - I am so glad I found this site! I am unprepared and need to learn a lot! We have lower cost apartments - $300 to $400 per month - so the tenants we get are a bit sub par. We are working on cleaning the place up (ripping up carpet and refinishing hardwood floors, painting, etc). The prior landlords didnt do much in the way of cleaning the place up - just the necessary repairs. I will spend some time over the next few weeks reading on the site. We inhereted these tenants are trying to more carefully screen our new tenants. Again, thank you very much!

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Re: Nonpayment of rent by Jake on April 3, 2012 @10:10	[ Reply ]

Laura...Be sure never to take Sec 8 HUD tenants and never use a property manager or other agent. Do not worry about being new. Your tenants will teach you everything you need to know.

Re: Nonpayment of rent by Laura (MO) on April 3, 2012 @10:52	[ Reply ]

Why would we not ever take Sectino 8? (We havent so far) - are there different laws that apply if you do?

Re: Nonpayment of rent by Jake on April 3, 2012 @11:26	[ Reply ]

You will never make money with Sec 8. I could give you a number of reasons why but it is enough to say that not only will you not make money but you will lose money every time. Taking Sec 8 applications is like trying to find something good to eat in a garbage can. Also, do not depend only on Craig's list for advertising. You are seining the sewer when you do. Be sure to check back here often with your questions. There is a lot you need to know.

Re: Nonpayment of rent

Re: Nonpayment of rent by OK-LL on April 3, 2012 @11:46	[ Reply ]

For a lower-range rental, S8 can be a great program. These sound like 1-bedroom units, so you can look for an elderly S8 person who is on disability or retirement (SSI). They will treat your property decemtly and they recognize the value of a clean, stable home. Avoid S8 baby mills (any woman who has a child younger than the number of years she's been on public assistance); these folks don't have any sense or skills and will tear your home up because they are lazy and will not clean your rental, ever. Very first thing you need to do is google "[your state] landlord tenant act" and read the law related to rental property. Good luck.

Discrimination if you look for elderly Sec 8 ?

Re: Discrimination if you look for elderly Sec 8 ?