The Biggest Mistakes Section 8 Landlords Make

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In this video, we discuss some of the biggest mistakes section 8 and non-section 8 landlords make.
#section8 #section8landlord #section8tenants

Опубликовано:

5 окт 2024

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Комментарии : 68

@TimLeakOfficial Год назад

Sign up for my FREE Section 8 Investing webinar. Create passive income, build wealth, become financially free and provide affordable housing for those in need. Link below⬇️⬇️⬇️ section8academy.podia.com/free-section-8-investing-webinar

@mpa8336 Год назад

Another big mistake: if you have a problem tenant, do your regular- and complain- to your US representative and Senator. HUD supervisors won't take action on any complaint that doesn't come in on Congressional letterhead. ANd KEEP WRITING. 95% of the complaints HUD and Housing Authorities get are never followed up on. But the squeaky wheel gets the grease.

@size-ph4ey 8 месяцев назад

Honestly, PHENOMONAL advice. The secretaries who pick up those phones have a lot of influence on your state representative so be very nice to them because they are the ones that are partially running things. If you want stuff done, those sevretaries will get it done if they really want to help you, so be exceptionally kind to them.

@widehotep9257 6 месяцев назад

There were two years of income missing from my Social Security records, and I knew this could screw up my Social Security payments in the future. I wasted a lot of time trying to get it fixed by calling my local SS office and calling the main 800 number office. I brought in all the tax returns proving what I'd earned. Over a year went by and nothing got fixed! Finally, a friend of mine who works at the VA told me to write to my congressman. After I did that, the Social Security office started calling ME! It still took 9 months after this to fix a three-minute bookkeeping problem, but I think it NEVER would have been fixed without writing my congressman.

@lsmith9011 Год назад

The gems you’re dropping are extremely valuable. You don’t need the background music.

@charlesanderson8335 7 месяцев назад

rented to section 8 while in the military, had to spend 2 weeks of leave every 2 years to repair the home

@TimLeakOfficial 6 месяцев назад

That’s unfortunate

@francesca.pellegrino Год назад

Great list. I watched my dad pick pad tenants over and over while I was growing up. That's what turned me off of investing in real estate for so long.

@widehotep9257 6 месяцев назад

I know a carpenter who built 2 brand new duplexes, but let bad tenants move in. They trashed the buildings and didn't pay their rent on time. He went bankrupt a couple years later.

@ryanneal1999 Год назад

Great information ℹ️👍🏾

@beadb82 Год назад

Great vids my man. Surprised you don't have more views.

@xerxes666 3 месяца назад

Excellent video ❤ Thanks 😊

@tracyw5743 Год назад

Thanks for this! 👍🏽

@lmoree00 Год назад

Terrific video with very very good tips I didn't even think about. Thank you! This vid made me subscribe.

@TimLeakOfficial Год назад

Thanks for the support🙏🏾

@jamesscober5307 6 месяцев назад

Mr. Leak, you give great advice 👍🏽😊

@TimLeakOfficial 6 месяцев назад

Thank you

@stevonnefuller8265 4 месяца назад

Awesome tips! Thanks!

@TimLeakOfficial 3 месяца назад

You’re welcome🙏🏾

@maryahb3014 Год назад

Exactly this need to be post on news channel so they can understand. Cuz I'm on section 8. I'm clean and I have employment. And I pay my bills on time 💪🏾

@marcuslane3 Год назад

All great pointers

@quincylockett9554 Год назад

Outstanding video.

@charlemagnestallings9126 Год назад

Great advice!!!

@marcusjohnson7053 Год назад

Great advice

@nadinelindsay3012 Год назад

Great tips.

@markcam1965 Год назад

Sounds like having a property manager is the way to go vs trying to do everything by yourself.

@jkeleshi Год назад

This guys clueless, property managers are thief’s

@jeffmason2691 10 месяцев назад

@@jkeleshi How is he clueless? Not if you do your homework and choose a reputable property manager.

@marcuslane3 7 месяцев назад

Property managers are good if you dont live in the area.....if you live locally its a WASTE OF YOUR $$$$.... they can be TRICKY TOO

@OliverMartinez-cu4hy 8 месяцев назад

Can property management companies handle the initial inspection after purchasing your property? I am looking to do out of state purchase and want to only how possible it is for a property management company to take a look at the property and have it ready for inspection

@jackv5290 Год назад

Do you have any tips on how to find good up and coming neighborhoods? I am also in DMV so if you are willing to share any good zipcodes I would appreciate it.

@gregjimenez2704 Год назад

Do you have a checklist for this

@victorpham4221 Год назад

The safe method is to rent each room.

@rakumarudu 9 месяцев назад

Great tips. Are there professionals who can help with screening tenants?

@TimLeakOfficial 9 месяцев назад

Property management companies screen and select tenants, but that’s if you go into contract with them to manage the property.

@rakumarudu81 9 месяцев назад

@@TimLeakOfficial That's good to know. Are there any Section 8 property management companies that you are familiar with or would recommend?

@stilliraise9201 11 месяцев назад

Wht if there is not rental history

@JMUS15 Год назад

So hard to watch this video with the obnoxious sound in the back.

@TimLeakOfficial Год назад

In my newer vids, the background music is lower.

@zacmitchell787 Год назад

This is the man

@Simplycredit Год назад

🔥🔥🔥

@dorianwhitted8530 Год назад

The only thing about appreciation is that eventually the house will cost way to much for people to afford we can’t keep raising the price just cuz people want to make some type of profit other than that I love what your saying you taught me a lot and soon I will be a section 8 landlord

@Expressresolutions Год назад

Lol you will never invest with this mindset CUZ you wont

@kenbagwell8551 8 месяцев назад

Rents get raised because of higher taxes and higher maintenance charges, higher everything ... it's called inflation. Landlords can't just eat those rising costs forever ... they HAVE to raise rents to stay in business.

@Calaxt01 5 месяцев назад

Landlords don't raise appreciation. Appreciation is the rising value of the home and determines how much you can sell it for. You can try to sell for however much you want but that doesn't mean anyone will buy it. Appreciation is determined by the market, not the individual homeowner.

@adama5239 Год назад

Can you rent out a mobile home to a tenant as a section 8 rental in Florida and make money from it? I guess it depends on whose lot the mobile home is...

@TimLeakOfficial Год назад

Yes, mobile homes can be rented to section 8 tenants. But you should check with the lot owner.

@Starkillers 10 месяцев назад

great video

@confidentialprivateusa6519 Год назад

SECTION 8 IS NOT GUARANTEED CASH FLOW. A SECTION 8 TENANT CAN STOP YOUR CASH FLOW BY REMOVING A FEW LIGHT BULBS AND CLAIMING THEY DON'T HAVE ANY ELECTRICITY AND GUESS WHAT? SECTION 8 WILL HOLD UP YOUR MONEY.

@TimLeakOfficial Год назад

Nothing is guaranteed, whether you’re renting to private rental tenants, air bnb, short term tenants, house hacking, etc. Investing in real estate rentals comes with risk, and I try to help you mitigate those risks.

@frontiervirtcharter Год назад

He's talking like he has some properties he wants you to buy. Sometimes it's a good time to buy right away and sometimes it's not ..

@stilliraise9201 11 месяцев назад

Where do you do public records

@buckbyrd45 Год назад

With section 8 who is responsible for the renters insurance tenant or section 8

@TimLeakOfficial Год назад

Tenant

@michaellott210 11 месяцев назад

experience is not always the best teacher .learning from somebody else bad experience could be a teacher if you are willing to be a student. you don't have to be the one having unprotected sex and catch a std. if you're not careful experience could kill you.

@confidentialprivateusa6519 Год назад

NEVER ACCEPT A SECTION 8 TENANT. YOUR LEASE IS NOT WITH THE TENANT BUT ACTUALLY HUD. DON'T DO SECTION 8

@TimLeakOfficial Год назад

Your lease is with the tenant, which is why you and the tenant sign the lease agreement. But, you also have a contract with the housing authority.

@confidentialprivateusa6519 Год назад

@@TimLeakOfficial I appreciate your opinion; however, from my viewpoint, a Section 8 tenant should be your last resort as a landlord and not your FIRST one.