NY Rent Increase/Decrease Request Form 2009 free printable template
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All right guys it's been a while since I've made a video for you and today because it's been so long I think I'm gonna break down section 8 for you like said Manes I don't know it's been a year or two since I've posted anything, but I am back, and I'm ready to start posting every day or two to give you guys lots more insight into the world of real estate investing especially investing in lower income areas or areas where you can find great deals like for instance my first property that I paid ninety-five hundred dollars for rehab myself, and you know was all-in with fifteen thousand dollars when all was said and done that house still rents for between 650 and 700 dollars a month to this day and I just want to help more people be able to do this is like a long-term retirement strategy it's something that you can start doing when you're making very, very little money because again we're talking about a very small investment upfront so today again what I want to talk about is the process of getting set up with section 8 and why I use section 8 whenever I can so little background today I had to deliver an eviction notice and this is the third time that I've had to evict somebody within the past year, and you want to know what all three of those situations had in common other than the eviction of course and that was none of them were on section 8 with section 8 there's a little of work that goes into setting it up, but you get paid every month, and you know typically they don't usually pay at all there's usually a hundred or two hundred dollars that the tenant is responsible for depending on their situation there may be times when they go without work and section eight will pay for the entire amount I've had you know stretches of as much as a year at a time when section eight would pay for the entire rent but for the most part they're going to pay about you know eighty percent of it you know sometimes more sometimes a little less it just depends again on this situation, and I've never had to evict a section 8 tenant except for when they know screwed up and got kicked off the program, and you know then you know they were responsible for the full amount, and you know the longest I've had anyone hold on to after that was maybe a year and a half before I had to evict them, so it does happen but for the most part it happens after they get kicked off of section 8, section 8 so let's talk about the steps for a minute, and then we'll go a little further into you know some great things about section a so with section 8 the first thing that's going to happen obviously you're going to post an ad you're going to put some signs in front of your yard you're going to want to let people know that you accept HUD or accept section 8 and that will usually get you a lot of people calling in now the other thing that I do is I charge more, and I go ahead and put that in that it's not like it's 900 a month if your section 8 or 750 a month if you're not section 8 I just put...
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