Should You Consider Section 8 For Your Cleveland Rental Property?
ฝัง
- เผยแพร่เมื่อ 3 ก.ค. 2024
- The Greathouse Team with HomeX talks about Section 8 rentals in Cleveland. Join Dave, Josh, & Ari as they discuss the pros and cons of this strategy.
For more information on CMHA, please visit their website:
www.cmha.net/index.php
For the Section 8 inspection checklist, please see below:
cms3.revize.com/revize/cuyaho...
To contact the Greathouse Team visit our website:
www.sellyourgreathouse.com/
For Property Management inquiries:
www.gowithhomex.com/property-...
Dave Greathouse
(440)409-9121
info@greathouseteam.com
Josh Anton
(216)469-1456
josh@greathouseteam.com
Ari Callieham
(216)965-9387
ari@gowithhomex.com
00:00 Introduction
01:06 What Is Section 8?
02:12 What's The Process Like?
03:46 Average Timeline
07:04 Are Inspections Tough?
09:06 Higher Rents With Section 8?
11:25 Is It Guaranteed?
13:02 Is Cleveland Still Good?
13:39 Sec 8 vs Traditional
17:31 Long Term Tenants
19:08 Can Rents Be Raised?
21:03 Recap
super helpful
Thank you!
Thank you for this information, so helpful!
thank you!
Can you get a higher rent if the property has better fixtures and is in better shape, or it's only market rent that is considered.
I was trying to contact an investor in Cleveland and he confused me with a renter. I received a list of properties that were very dated, they really looked bad. Does section 8 qualify the property as well as the market rent?
Yes because the upgrades would allow it, but only if there are “comps” that back it up. However, like a home appraisal, you can state your case to the CMHA official as to why it deserves the amount. You could also just decline the amount and rent to a traditional (non Sec 8) renter. But that’s why it’s so important to work with a good team like ours. We would be happy to assist.
I heard that the rent section 8 pays has to include utilities?
I don’t believe that they have to…however I have heard in some cases they may be able to help. I believe each case is different in how the rent and utilities are paid
Can I get her email or WhatsApp?
I contacted a housing authority office in Illinois and they said yes; this person gave me the numbers for each utility that added to around $300, this amount has to be deducted. Each county office works differently. It's confusing. I know an investor that is getting $1200 for a 2 bedroom where the published rents for a 2 bed are $950.
Hi, if i put the Mobile Home in the Land ( My Land Property , Not Mobile Park) the Rent is also based in the number of Bedroom or the S8 also consider the Price if I pay for the Mobile Home to be the price of the rent?
I'm not 100% sure but we would recommend talking to your local housing authority. More info can be found here as well
www.hud.gov/sites/dfiles/PIH/documents/Manufactured_Housing_Notice-HOTMA.pdf