When you own a rental property, there are many city officials that you may interact with. These include inspectors, code enforcers, planning departments, fire department, health department, tax collectors, and more. These officials can make your life really easy or REALLY HARD. Knowing how to navigate these relationships can save you time, money, and frustration. Listen in as Matt and Matt share their secrets for dealing with city officials. Enjoy!
What You’ll Learn:
What types of city officials you should be prepared to deal with.
Why you should focus on the war not the battle.
The importance of knowing the key players in your town.
What the goal of your property is.
How to turn an inspector into a friend.
The lesson you should take from Fonzie from Happy Days.
How your pride can be very expensive in this business.
Today’s episode is all about the much misunderstood Section 8 program. We are discussing what Section 8 is, how it works, and how you can use it to maximize the performance of your rental portfolio. Plus Matt and Matt are sharing some insider secrets for locating and incentivizing Section 8 tenants to rent your property.
What You’ll Learn:
What Section 8 is; and
How the tenant qualifies for the program to get housing.
How the money hits your account.
The stigmas attached to Section 8 tenants; and
Why the caliber of tenant has increased over the last several years.
How Section 8 tenants compare when it comes to retention.
What happens when a Section 8 tenant tears up a rental house.
How the voucher system works.
Why MA would rather have a Section 8 renter for $900 per month vs. a market renter for $1,000 per month.
How MT’s property manager finds Section 8 tenants.
Blake Seo bought his first house at age 19 (using a credit card!) and has been in real estate ever since.
He flipped properties in Ohio before learning about the opportunity in Florida and heading down to the Sunshine State.
Listen in as he and Matt discuss what he’s doing now and how he incorporates his love for design into his business strategy. Learn why he intentionally prices his properties on the high end and how you would do well to do the same.