I feel like Section 8 tends to get a bad rap. The connotation with Section 8 is that you are renting low quality housing to low income tenants just to collect that government check. If you rent to Section 8 you are often perceived as a slum lord, which isn’t fair to landlords or tenants. I think the lack of education about what Section 8 really is and who qualifies for Section 8 is missing to the general public.
Read MoreYou live and you learn, right? So we’ve never required our tenants to have renters insurance. I have always thought that if you don’t have renter’s insurance, that is a risk you must be willing to take in the event anything would ever happen. I didn’t think it was necessary for us as landlords to require it. Until we had our first fire.
Read MoreRentals or flips? People are often very passionate about one over the other. A lot of this may stem from comfort, or just bad luck with a reno or a tenant. There’s always someone that has a horror story. One very bad tenant can make you think twice about the rental industry. Obviously we have dealt exclusively with rentals, but I think there are definitely some pros and cons to each.
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