What Your Real Estate Investing Ads Should Say So That Motivated Home Sellers Choose You!

What Your Real Estate Investing Ads Should Say So That Motivated Home Sellers Choose You!

www.CashFlowInstitute.com What Your Real Estate Investing Ads Should Say, so that real estate investors build credibility and appear as the real estate expert. This way motivated home buyers and motivated home sellers have an instant reason to want to consider working with you. This approach to real estate advertising helps make your initial marketing get on the right foot. Mark Walters

www.REIClub.com – Are Section 8 Tenants Good For Rental Property or Just Bad Tenants? This Video Reveals The Pros and Cons of Landlording With Section 8… Pros Section 8 rental housing generally have… 1. Lower turnover and shorter vacancy periods. 2. Rent Security – Rental payments are subsidized, payments are more likely to be dependable and on time 3. Large available pool of potential renters (the waiting list for new Section 8 tenants is usually very long) 4. Strict renter responsibilities – the HUD/PHA contracts are VERY thorough and protect the landlord Cons: * Full inspection – by HUD’s Housing Quality Standards (HQS) and possible remediation’s required * fear that a Section 8 tenant or their children will not properly maintain the premises * Rent must be within FMR/FMV- no increasing without approval * Evictions – HUD requires that Section 8 tenants can only be evicted by judicial action, even where state law allows other procedures Qualifying: 1. First step notify PHA that your property is available, and that you would like to rent to tenants with Section 8 vouchers. 2. Advertising – you are willing to rent to Section 8 tenants, 3. Screening – just as you would any other applicant. 4. Inspection- complies with HUD standards. 5. HAP Contract – You will also sign a lease with the family. HUD requires certain information to be mentioned on this document. You can either use one of their leasing forms, available on their website or from your local PHA, or can add an
Video Rating: 4 / 5

Comments

  1. Jonathan Yonetani says:

    Sweet I? have been trying ads for sellers for sometime with no success hopefully your pointers will change all that.

  2. Hey Brandon! Thanks for your comment, I? enjoyed it, and it was well stated.

  3. Brandon Holland says:

    This is a great videos. It all comes down to screening just like Frank said. I’ve seen it both ways. I’ve seen “standard” tenants in “good” neighborhoods trash places and I’ve seen? section 8 tenants who have treated rentals like they own the home. Extra, extra extra due diligence is the key no matter what whenever your renting a place. I recommend finding a deal that allows you to cash flow and hire a property manager. Credit report, criminal back round and references are a good place to start!

  4. Hmm, thank you. I get what you are? saying.

  5. Another good place to start are areas that support section 8 housing. You can be picky, and simply drive through and call every rental sign you see. You can also try Craiglist, simply post “GOOD SECTION 8 TENANT LOOKING FOR HOUSING”. Inside your ad, explain your rental history and what you are looking for. Hope this? helps.

  6. My best advice to you , outside your suggestions, call any house you are interested in, and ask the landlord/homeowner if they take section 8. Be open about your rental history, and references because most landlords who have NOT? worked with or have considered section 8 will not likely want to rent to you. You have to convince them that it may be a good option, but only if you have a good track record.

  7. Hi, thanks for your question. If your tenant has not paid, and has trashed your house, you can actually contact the housing authority, and have their voucher taken away (suspended). Most? of the time, the tenant is responsible for the damages they caused (out of normal wear and tear), but the hard part is collecting. You can try small claims court, and see if it goes to collection, but it is definitely an annoying process.

  8. Hello reiclub. I am in Denver, Co.,a nd I have a saection 8 voucher. I just added? my Mom onto my voucher, and I am looking for a 2 bedroom now. Can you give me any advice, other than apartment magazines, or calling the Denver Housing Authority? And also, do you know of any places, or property managers here in the Denver area that work with section 8. Me and Mom have great rental history.
    Thank you in advance.

  9. Princesss1225 says:

    Excuse me, I did not address the question to you, towards you or at you! My question is from a business standpoint if you reread my statement/question! My question wasn’t even address to you or tennants! The question was for investors who have Section 8 tennants and could give me some information about the program good bad and fucking ass ugly. If you are a good tennant good for YOU! Let me clarified again, the? question is for investors to answer, NOT tennnants.

  10. friend2animals66 says:

    I can not speak for anyone else, but I am a student, so that is what I have been doing with my life. You are obviously looking at things from a general standpoint and forgetting that each person is an individual. Yes there are going to be “deadbeats” and losers whom exploit programs like this, but my husband and I are not that? type. We are using section 8 to help us get through school with less debt, so we can get out of poverty. Isn’t that why this program was created?

  11. pauldsoto says:

    thanks frank very informative? as always!

  12. Princesss1225 says:

    I’m in Michigan so I will have to look the laws up here on that. Thanks for responding. To me it would make logical sense to banned the tennant from getting back on the list. I was told that in Michigan there is a list to find out if a tennant whether section 8 or not is on the list. I will have to? double check that as well.

  13. UltimateBargains says:

    At least here in Colorado, if a section 8 tenant breaches their agreement with PHA by trashing the property or a serious breach of the landlord/tenant lease agreement, then that tenant is banned from section 8 support for life. I don’t know how to screen an “ordinary” tenant to determine whether they were kicked off section 8, but I hope there is a way to track? such deadbeats. Good section 8 tenants will care for the property.

  14. Princesss1225 says:

    My question is if a Section 8 tennant trash, and tear up the property on top of not paying, do they get? back on the list to get another property. I am in the process of getting my home ready, taking care of minor issues but from what other investors tell me, they told me they rather board up their homes before letting Section 8 move in. Are they allowed to get back on the list if they damage a landlords home? Who pays for repairs? I heard it is hell depending on who moves in the property.

  15. I’m sure you are incredibly hard working, and do? the best you can to support your family. Best of luck.

  16. Thanks for your? comment. I am very sorry you feel this way, and apologize if you have had a bad experience with your landlords. 95% of my families real estate business revolves around Section 8 Tenants. We have had tenants for more than 5 years, some who have done lease options through us to buy the property from us. We also have had tenants who don’t pay rent, and have trashed a full remodel in less than a year. My comments are from experience, and do not apply to ALL people in the program.

  17. abc12394934 says:

    I am? a section 8 tenet looking to cum up like you guys so don’t judge me and watch your nasty comments about us or you will be sorry

  18. abc12394934 says:

    You landlords take advantage of the single moms jekers.I will have my mace on? me the next time me and my landlord is in the house alone

  19. abc12394934 says:

    I am a section 8 tenent looking to come up like you all,yes I? am a single mom do don’t nurse me

  20. TheTiffanator1 says:

    LOLOLOL If it took 2.5 years to get on the program…why haven’t you done something with your life since then?

    It’s hilarious that these “temporary” programs take so long to get on. After all, shouldn’t the person be “back on their feet” long before they? even get on section 8. Oh wait, it’s cause the program isn’t temporary, and these people will be in the government food line for life.

  21. TheTiffanator1 says:

    You’re an idiot and obviously aren’t a? landlord. 90%+ of section 8 tenants are single moms or ex drug users that have pretty much failed at life.

  22. Thanks so much for this video. I am about to purchase my first property, a duplex. Two separate houses on the lot.? Because of the risk, my dad suggested I try renting to section 8 tenants. You mentioned that the Landlord cannot live on the property. Does that go for duplexes as well? Thanks in advance for your reply. I will be subscribing.

  23. SuperLILZAE says:

    We live in Texas and due to the housing slum, we are looking to downsize and rent our home to Section 8. My question is, will we be able to get another mortgage on another house? We’ve? paid our mortgage on time with extra payments – paying mortgage weekly!

  24. H.A.P. is a baby sitting job. Sure you can collect more, you should. ? My 5 experiences got tenants that neeeded adult supervision. Perhaps a big class d apartment might do.

  25. GODS7PURPLEANGELS says:

    Thats NOT what my coment was about.
    I was commenting about ur comment regarding section 8 tenants not taking care of the proerty. Reread my comment 2 u below then reply.

    TY.?

  26. @GODS7PURPLEANGELS Thanks? for your post. I wasn’t sure if you saw my response to @friend2animals66, but my family business actually thrives on providing housing for people in the Section 8 program (approx 30 homes in the Mesquite, Dallas, Garland, Texas area) and we have tons of GREAT? tenants.

    This is simply an informative video to prepare those who are NOT familiar with the section 8 program, what to potentially look out for, not to put down the people in the program.