it might be good for those people that are really good with construction/repairs.. I knew a couple that just loved that stuff, loved living in a construction zone all the time. They bought houses, lived in them during the fixup phase and sold them. They made their living, I wasn't privy to how much, but do the math.. if they can do that a few times a year they are rolling in the dough in the good parts of the real estate cycle...
I agree with the part about no leases. I noticed smart landlords do that in California. If you have a house, you know that by the time people move in they are not going to want their lease terminated. So most of the time you would expect only smart responsible tenants would agree.
Nutmeg gets revenge on the section 8 tenant.. lmao... 2 family. Downstairs - young pretty single mom 2 kids. I was in the apt once, clothes piled on tables couches every surface had stuff, toys, papers, etc. One time she called and said her kid plugged the toilet when he flushed a diaper. I said "Buy a plunger and I'll pay you back." Upstairs tenant- A fat guy with his wife. This guy was really fat, he used to dress like a suma wrestler with a cloth around his waste sit at the top of the stairs and threaten the young girl downstairs and her boyfriends. I didn't even bother trying to collect the rent from that wierdo after a while. One day fatso moved out, in middle of night, several days later I read in the paper him and some friend killed his wife and buried her in the woods and got caught, I put that note in the 'tenants from hell" scrap book. So I clean up apartment, it stunk. It was winter and I had opened a window and forgot to close it. The sink pipes froze and burst, flooded the whole upstairs and rained down water on girls apt downstairs. Her apt got pretty wet. She called. I told her to rent a rug shampoo and that would suck up the water and I'd pay her back. Anyways she later moved. I wish i could remember the rest of the story but I drank alot back then. I do remember selling the apt building anf doing other things iht the money.
$15,000 easy. Maybe as much as $25k as I'm sure there are alot of hidden things we didnt see. The mold & the floors will cost the most. Its going to be a few thousand for the appliances to be replaced, drywall, landscaping, plumbing windows, ect. They all add up.
WTF? I wouldn't rent a nice place like that to a section 8. Maybe Our Hero was a bed wetting libtard who thought that people on government dole where just normal folks who were down on their luck. Sure, some are. Many are not. Looks he like learned some valuable life lessons. Nothing converts libtards into small government types as fast as getting FUTA by big government or their enabled parasites.
I'm curious if HUD is liable for damage caused by a section 8 tenant. Really, the way I would handle this housing issue is section 8 tenants would be living in tent cities in remote areas where they didn't destroy decent neighborhoods. We don't want people living on the streets, but we don;t want to encourage them either. Now a lot of people are pretty happy to be in government housing and have no real interest in leaving.
No, the tenants complain to the local housing authority saying the landlord didn't keep up with the repairs. The HA inspects, and withholds payments until you fix the stuff. Even though the tenants caused all the damage. They get to live in the house rent-free at that point until you can evict them for non-payment. In the red states, it's easy - done and over in a month. In the blue states, they could live rent-free for up to 6 months before you get to pay the sheriff to force them out... It's a scam the Section 8 pros play against naive landlords (like me).