Worst case scenario for an underfunded HOA

[Coronita]

A friend who mentioned section 8 rentals are actually pretty decent, because at least the tenant is obligated to keep the place relatively orderly. I can’t comment, because I’m not section 8 landlord. Anyone? (Recordsclerk, you there?)

[4plexowner]

two different times I went through the process to rent one of my units to Section 8 tenants

in both cases I changed my mind after fielding a few phone calls and meeting a few potential tenants at the properties – the idea of renting one of my units to these people AND subsidizing their rent with MY tax dollars was unacceptable

another thing to be aware of inre Section 8 – they allow 2 people per LIVING space, not bedroom – so a 3 bdrm unit can have up to 8 people living in it since the living room / den is a living space – a 1 bdrm Section 8 condo could have 4 adults living in it!

[4plexowner]

two different times I went through the process to rent one of my units to Section 8 tenants

in both cases I changed my mind after fielding a few phone calls and meeting a few potential tenants at the properties – the idea of renting one of my units to these people AND subsidizing their rent with MY tax dollars was unacceptable

another thing to be aware of inre Section 8 – they allow 2 people per LIVING space, not bedroom – so a 3 bdrm unit can have up to 8 people living in it since the living room / den is a living space – a 1 bdrm Section 8 condo could have 4 adults living in it!

[4plexowner]

two different times I went through the process to rent one of my units to Section 8 tenants

in both cases I changed my mind after fielding a few phone calls and meeting a few potential tenants at the properties – the idea of renting one of my units to these people AND subsidizing their rent with MY tax dollars was unacceptable

another thing to be aware of inre Section 8 – they allow 2 people per LIVING space, not bedroom – so a 3 bdrm unit can have up to 8 people living in it since the living room / den is a living space – a 1 bdrm Section 8 condo could have 4 adults living in it!

[4plexowner]

two different times I went through the process to rent one of my units to Section 8 tenants

in both cases I changed my mind after fielding a few phone calls and meeting a few potential tenants at the properties – the idea of renting one of my units to these people AND subsidizing their rent with MY tax dollars was unacceptable

another thing to be aware of inre Section 8 – they allow 2 people per LIVING space, not bedroom – so a 3 bdrm unit can have up to 8 people living in it since the living room / den is a living space – a 1 bdrm Section 8 condo could have 4 adults living in it!

[4plexowner]

two different times I went through the process to rent one of my units to Section 8 tenants

in both cases I changed my mind after fielding a few phone calls and meeting a few potential tenants at the properties – the idea of renting one of my units to these people AND subsidizing their rent with MY tax dollars was unacceptable

another thing to be aware of inre Section 8 – they allow 2 people per LIVING space, not bedroom – so a 3 bdrm unit can have up to 8 people living in it since the living room / den is a living space – a 1 bdrm Section 8 condo could have 4 adults living in it!

[4plexowner]

every three years an HOA is required to have a reserve review and file paperwork with the state

what happens when the review determines that the HOA is underfunded?

does the DRE (or other state agency) take action against underfunded HOAs?

[4plexowner]

every three years an HOA is required to have a reserve review and file paperwork with the state

what happens when the review determines that the HOA is underfunded?

does the DRE (or other state agency) take action against underfunded HOAs?

[4plexowner]

every three years an HOA is required to have a reserve review and file paperwork with the state

what happens when the review determines that the HOA is underfunded?

does the DRE (or other state agency) take action against underfunded HOAs?

[4plexowner]

every three years an HOA is required to have a reserve review and file paperwork with the state

what happens when the review determines that the HOA is underfunded?

does the DRE (or other state agency) take action against underfunded HOAs?

[4plexowner]

every three years an HOA is required to have a reserve review and file paperwork with the state

what happens when the review determines that the HOA is underfunded?

does the DRE (or other state agency) take action against underfunded HOAs?

[sfexporter]

FLU,

I rented to a section 8 tenants when I had my investment property in Phoenix. I love section 8 because of the following:

-you get at most of the guarantee money from the gov
-tenant must keep the place in decent shape
-tenant can’t have illegal substance (drug)
-tenant can be removed from section if don’t comply so this automatically forced the tenant to be on their best behavior.
-tenant can’t trash your property because this will affect their ability to rent on the next property. You as the landlord, can check up their rental history.

I love section 8 tenant!

[sfexporter]

FLU,

I rented to a section 8 tenants when I had my investment property in Phoenix. I love section 8 because of the following:

-you get at most of the guarantee money from the gov
-tenant must keep the place in decent shape
-tenant can’t have illegal substance (drug)
-tenant can be removed from section if don’t comply so this automatically forced the tenant to be on their best behavior.
-tenant can’t trash your property because this will affect their ability to rent on the next property. You as the landlord, can check up their rental history.

I love section 8 tenant!

[sfexporter]

FLU,

I rented to a section 8 tenants when I had my investment property in Phoenix. I love section 8 because of the following:

-you get at most of the guarantee money from the gov
-tenant must keep the place in decent shape
-tenant can’t have illegal substance (drug)
-tenant can be removed from section if don’t comply so this automatically forced the tenant to be on their best behavior.
-tenant can’t trash your property because this will affect their ability to rent on the next property. You as the landlord, can check up their rental history.

I love section 8 tenant!

[sfexporter]

FLU,

I rented to a section 8 tenants when I had my investment property in Phoenix. I love section 8 because of the following:

-you get at most of the guarantee money from the gov
-tenant must keep the place in decent shape
-tenant can’t have illegal substance (drug)
-tenant can be removed from section if don’t comply so this automatically forced the tenant to be on their best behavior.
-tenant can’t trash your property because this will affect their ability to rent on the next property. You as the landlord, can check up their rental history.

I love section 8 tenant!

[Author]

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