http://blog.buildium.com/2009/11/16/is-specialized-housing-for-you/ Information and industry advice about professionally managing rental properties and building associations. Wed, 17 Mar 2010 15:43:36 +0000 http://wordpress.com/ hourly 1 http://blog.buildium.com/2009/11/16/is-specialized-housing-for-you/#comment-902 Tips for Renting to Families with Kids « Buildium Property Management Blog Mon, 01 Feb 2010 15:36:07 +0000 http://blog.buildium.com/?p=1097#comment-902 [...] blog posts we’ve discussed the pros and cons of renting to specific sectors, such as students and low-income tenants. Another category that requires specific consideration is tenants with children. First of [...] [...] blog posts we’ve discussed the pros and cons of renting to specific sectors, such as students and low-income tenants. Another category that requires specific consideration is tenants with children. First of [...]

]]> http://blog.buildium.com/2009/11/16/is-specialized-housing-for-you/#comment-898 Jeremy Sine Sun, 31 Jan 2010 04:41:50 +0000 http://blog.buildium.com/?p=1097#comment-898 I have been a Hearing Officer for HUD / Section 8 for over ten years. At www.CoSineRE.com, we also manage a very large number of tenants currently on the property management HUD / Section 8 program. I have seen many problem tenants as well as great, long-term, low-maintenance tenants. The main benefit is guaranteed rent (at least the government's portion). The downside is you are often dealing with a low-income class which can sometimes brings problems associated with poorer areas (crime, drugs, and general disrespect for personal property). Here are a few things to watch out for based my years of experience: (1) ALWAYS fully vet the tenants, and make sure they have good rental history. CONFIRM THIS WITH AT LEASE 1 PRIOR LANDLORD! I cannot stress enough to make sure you are getting a good tenant. (2) The second thing is to make sure maintenance issue are reported and fixed. Because Section 8 will conduct yearly inspections, and because sometimes low-income tenants may not always report leaky faucets, broken outlets, etc., it is important to stay on top of these minor maintenance issues before Section 8 finds out about them on their own. I have been a Hearing Officer for HUD / Section 8 for over ten years. At http://www.CoSineRE.com, we also manage a very large number of tenants currently on the property management HUD / Section 8 program. I have seen many problem tenants as well as great, long-term, low-maintenance tenants. The main benefit is guaranteed rent (at least the government’s portion). The downside is you are often dealing with a low-income class which can sometimes brings problems associated with poorer areas (crime, drugs, and general disrespect for personal property). Here are a few things to watch out for based my years of experience: (1) ALWAYS fully vet the tenants, and make sure they have good rental history. CONFIRM THIS WITH AT LEASE 1 PRIOR LANDLORD! I cannot stress enough to make sure you are getting a good tenant. (2) The second thing is to make sure maintenance issue are reported and fixed. Because Section 8 will conduct yearly inspections, and because sometimes low-income tenants may not always report leaky faucets, broken outlets, etc., it is important to stay on top of these minor maintenance issues before Section 8 finds out about them on their own.

]]> http://blog.buildium.com/2009/11/16/is-specialized-housing-for-you/#comment-727 BANKING - RB 37 33 Reserve Requirements Regulation D March 2009 - Finance PDF Tue, 17 Nov 2009 02:43:24 +0000 http://blog.buildium.com/?p=1097#comment-727 [...] Is Specialized Housing for You? « Buildium Property Management Blog [...] [...] Is Specialized Housing for You? « Buildium Property Management Blog [...]

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