Scumbag Tenants

[JohnnyD]

Owning a two or three family home is on the investment plan (hopefully) and the above stories are exactly the reason why I'd never try to get approved as Sec. 8. If I had to for some reason, I wouldn't even bother buying the house.

[fishbones]

Originally Posted by JohnnyD

Owning a two or three family home is on the investment plan (hopefully) and the above stories are exactly the reason why I'd never try to get approved as Sec. 8. If I had to for some reason, I wouldn't even bother buying the house.

My understanding is that it's only worthwhile if you do get approved for section 8. At least that way, you're getting a prtion of the rent check each month sent directly from HUD. I may be wrong but I thought that's what I was told once.

[FishermanTim]

Although it doesn't apply to all in this category, most "section 8" renters don't take care of the apartment as a renter should.
Along with the hard-working, good, reliably honest renters you get the "let's see how many of my relatives and their families we can cram into this apartment without getting caught" crowd, and the "I'll pay my rent 'IF' I have money left after the new clothes (for a job they don't have), lease of a luxury car (so they can look good for
their street brethren) and something vaguely resembling child-support (for the kids they know about) crowd. Then there's the deadbeat drug crowd that remain straight and sober just long enough to get their sorry a$$es into the apartment.
Did I leave anyone out?

[JohnnyD]

Originally Posted by fishbones

My understanding is that it's only worthwhile if you do get approved for section 8. At least that way, you're getting a prtion of the rent check each month sent directly from HUD. I may be wrong but I thought that's what I was told once.

Hopefully 2na will pop in here and comment...

Having lived in a few apartments that had a fair portion of "Reduced Rent" units, I wouldn't want the people I was living around to be anywhere near property I owned. No respect for the people around them, lots of damage to their apartment and, like FishermanTim mentioned, about 6-8 "relatives" often living in the same 2 bedroom apartment.

You'll never be able to cull out all the incompetent pieces of trash but I'd think that a thorough background and credit check should give you a good idea of whom you're renting to.

[fishbones]

Originally Posted by JohnnyD

Hopefully 2na will pop in here and comment...

Having lived in a few apartments that had a fair portion of "Reduced Rent" units, I wouldn't want the people I was living around to be anywhere near property I owned. No respect for the people around them, lots of damage to their apartment and, like FishermanTim mentioned, about 6-8 "relatives" often living in the same 2 bedroom apartment.

You'll never be able to cull out all the incompetent pieces of trash but I'd think that a thorough background and credit check should give you a good idea of whom you're renting to.

I would only rent to attractive single moms with low self-esteem. That way, if they couldn't pay the rent we'd have to work something out.