05/09/2022
Lessons learned with time.
- Understand your states tenant/landlord laws.
- Understand the enforceability of your lease.
- Know there are work arounds for everything.
Section 8 is great because of the reliability of the government’s money. It’s not great when you inherit tenants that you didn’t get to personally screen, because it can be very hard to evict them if the state is paying 100% of their rent.
I have had both great and not so great experiences with section 8 tenants.
One has actually improved the home by painting it herself, making minor repairs without calling, and even paying extra because she knows I should be getting more.
Another punches holes in the walls, rips electrical boxes out of the walls, and constructed their own addition in the basement without my permission.
If you find yourself in a bind with a situation where the tenant keeps destroying your property, but you can’t evict them, you can always sell the property to yourself. Either from LLC to personal, LLC to LLC, or personal to LLC and they will have 30 days notice once the contract is signed and 30 days post close before the sheriff removes them. Just confirm with your deed and lease verbiage for any restrictions on the tenants in the event of a sale.
