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  • Answer Upon - Renting to Section 8 Tenants - What to Expect

    Why Break the Trading Rules?
    There are a few trading rules that have stood the test of time and enable traders to trade profitably, yet a lot of people fail to follow them. The rules are no secret to anyone as you will find them in many trading books and other materials. The rules like ‘cut your losses’ and ‘follow the trend’ have worked for hundreds of years yet most people ignore them!Money is something that affects people’s emotions and your natural instincts with money will often encourage you to break some of the time tested risk management rules, for example ‘cutting your losses’ and ‘keeping your trades small’. Most traders focus on making money and realising a loss goes against the aim of making money. Similarly, when you have a position that is performing strongly, a small part of you wants to sell that position to realise the profit. This is perfectly n
    and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on te

    Real Estate and Stock Market Investing Require Different Strategies
    It may not seem obvious to many people, but the strategies involved in real estate investing and stock market investing are different from each other. Many people, disenchanted with the lackluster performance of their stock portfolio, first become interested in real estate investing after someone they know makes a large sum of money in real estate in a relatively short time.If that sounds like YOU, be warned: investing in real estate in the hopes that the market will increase rapidly and steadily is, and always has been, a risky strategy, and can cause severe difficulty if you guess wrong about a piece of property--or if the entire real estate market begins to collapse, as has happened many times in the past.If you can afford to buy real estate and hold on to it for five to fifteen years, you will nearly always realize a substantial
    When I bought my rental buildings I was not planning to rent to Section 8 tenants, I didn’t even know what Section 8 was! One day a pleasant young mother called to inquire as to whether I would accept Section 8. I took an instant liking to her, and made a call to the city to found out how this program works. Basically, the city pays the rent, and the federal government reimburses the city. There is a lot of extra paperwork, but once you understand the process, it goes rather smoothly.

    The vast majority of Section 8 voucher holders are single mothers with children, but a few are grandmothers with grandchildren. Vouchers are normally in force until the children are grown, but the government’s portion of the rent fluctuates according to the tenant’s income.

    You are actually better off to have a tenant with a low income, since in that case the government will pay the majority of the rent.

    Before applying for the program, call your local Section 8 office and find out what the allowed rents are in your city for 1, 2 and 3 bedroom homes. Rents are determined according to the average in your area. If the amount is acceptable to you, call your building inspector to find out if all of your “bedrooms” qualify as such. You will find that lofts, dens without closets and some basement rooms do not qualify as bedrooms.

    The next step is to schedule an inspection. Before the inspector comes, patch any holes or tears in screens, make sure bi-fold and sliding doors operate smoothly, and check that all electric outlets are grounded. I use a little plug with three colored lights built-in that indicate whether the outlets are properly grounded. Make sure that you have ground-fault-interrupter outlets near sinks in the kitchen and bathroom, as they will definitely be looking for that. GFI outlets have the little red reset button. Also make sure that bathtubs and sinks drain quickly. Make sure that all light fixtures have working light bulbs. Check for loose stair treads and handrails. Basically, the inspector is looking for functionality and safety. He will not care whether or not you have a dishwasher, but if there is a dishwasher, it should be in working order. Similarly, he will not care whether you have painted or installed new carpet, but loose carpet will not pass, and neither will holes in the walls!

    When you have passed inspection, you may find that your local city housing authority has a Section 8 family interested in your unit. Make sure that your unit is on their list of available homes, as this is not necessarily automatic.

    To attract a tenant, just put the line “Section 8 Ok” at the end of your regular advertisement. This will actually discourage tenants that do not have Section 8 vouchers, so you will need to run a separate ad to attract them. Make sure all your ads list the same price. You are not allowed to charge Section 8 tenants extra, even though the whole process is more work for you.

    When you start to receive calls on your ad, you will find that many of the callers are under the mistaken impression that they can move on the first of the next month, when in fact their lease calls for 60 days notice, and the 60 days does not begin until the 1st of the month following the notice. They also sometimes tell their landlord that they are “thinking about moving,” and then mistakenly think that this was sufficient notice. I only mention this because in my experience most of the Section 8 prospects who call me have not given sufficient notice to their current landlord, and they cannot afford to pay rent on two separate apartments. I always talk to the current landlord to find out the situation. You will find that these applicants appreciate the extra help.

    It is very important to have a well-designed lease. If you have a rental housing association in your state, join it just to get access to their lease. These associations keep on top of the latest court rulings and new laws, and their leases are simply the best.

    If you are in the habit of getting background and credit checks for all your prospective renters, you may continue to do that, but don’t expect to see good credit. Your tenant will probably not have a job, and her income will probably fall between $0 - $800. per month. She will probably not have a credit card or a checking account. The credit report will usually show a lot of delinquent accounts.

    The most important reference to check is the previous landlord. Make sure her kids don’t cause trouble with the neighbors. If your prospective tenant gets on good with her landlords, then the credit history is a moot point.

    Often single mothers are dependant on their own mothers for moral support and babysitting. Other girls their age are in college, dating and working, not raising children, so they become socially isolated. If your prospective tenant does not have transportation, and her mother lives far away, she will probably not renew her lease for a second year. In fact, she may make up some story and move home to mom as soon as she gets lonely. Look for a renter whose mother lives close by.

    Sometimes Section 8 mothers are tempted to let a boyfriend move in and help with the household expenses. If this happens and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on tem

    Promotional Marketing - Effective Promotion vs A Cheap Giveaway
    My friend Ken, the toy poodle breeder, called the other day asking about imprinted pens to give away at dog shows to promote his kennel. From previous conversations I remembered something about height restrictions."Ken, isn’t there a rule that when a toy poodle gets to a certain height, you can’t show it any more?" I asked."Sure," he replied. "Ten inches. Then the owner needs to get another poodle.""So give your prospects a ruler imprinted with your kennel name, "Breeder of Champion Poodles", phone number and a line that says, ‘Call Me When Your Dog Gets Too Tall.’""Now that’s a great idea," he exclaimed.Developing great promotional ideas that are relevant to your audience isn’t that hard. It simply takes a subtle shift in mindset and an understanding of what you really want to accomplish. The shift in mindset c
    not qualify as bedrooms.

    The next step is to schedule an inspection. Before the inspector comes, patch any holes or tears in screens, make sure bi-fold and sliding doors operate smoothly, and check that all electric outlets are grounded. I use a little plug with three colored lights built-in that indicate whether the outlets are properly grounded. Make sure that you have ground-fault-interrupter outlets near sinks in the kitchen and bathroom, as they will definitely be looking for that. GFI outlets have the little red reset button. Also make sure that bathtubs and sinks drain quickly. Make sure that all light fixtures have working light bulbs. Check for loose stair treads and handrails. Basically, the inspector is looking for functionality and safety. He will not care whether or not you have a dishwasher, but if there is a dishwasher, it should be in working order. Similarly, he will not care whether you have painted or installed new carpet, but loose carpet will not pass, and neither will holes in the walls!

    When you have passed inspection, you may find that your local city housing authority has a Section 8 family interested in your unit. Make sure that your unit is on their list of available homes, as this is not necessarily automatic.

    To attract a tenant, just put the line “Section 8 Ok” at the end of your regular advertisement. This will actually discourage tenants that do not have Section 8 vouchers, so you will need to run a separate ad to attract them. Make sure all your ads list the same price. You are not allowed to charge Section 8 tenants extra, even though the whole process is more work for you.

    When you start to receive calls on your ad, you will find that many of the callers are under the mistaken impression that they can move on the first of the next month, when in fact their lease calls for 60 days notice, and the 60 days does not begin until the 1st of the month following the notice. They also sometimes tell their landlord that they are “thinking about moving,” and then mistakenly think that this was sufficient notice. I only mention this because in my experience most of the Section 8 prospects who call me have not given sufficient notice to their current landlord, and they cannot afford to pay rent on two separate apartments. I always talk to the current landlord to find out the situation. You will find that these applicants appreciate the extra help.

    It is very important to have a well-designed lease. If you have a rental housing association in your state, join it just to get access to their lease. These associations keep on top of the latest court rulings and new laws, and their leases are simply the best.

    If you are in the habit of getting background and credit checks for all your prospective renters, you may continue to do that, but don’t expect to see good credit. Your tenant will probably not have a job, and her income will probably fall between $0 - $800. per month. She will probably not have a credit card or a checking account. The credit report will usually show a lot of delinquent accounts.

    The most important reference to check is the previous landlord. Make sure her kids don’t cause trouble with the neighbors. If your prospective tenant gets on good with her landlords, then the credit history is a moot point.

    Often single mothers are dependant on their own mothers for moral support and babysitting. Other girls their age are in college, dating and working, not raising children, so they become socially isolated. If your prospective tenant does not have transportation, and her mother lives far away, she will probably not renew her lease for a second year. In fact, she may make up some story and move home to mom as soon as she gets lonely. Look for a renter whose mother lives close by.

    Sometimes Section 8 mothers are tempted to let a boyfriend move in and help with the household expenses. If this happens and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on te

    Difference between a Sole Trader and a Limited Company
    "Business opportunities are like buses, there's always another one coming." - Richard Branson, founder of Virgin EnterprisesIf business opportunities are like bus, then be sure that there will be many who will want to board the buses. They will also face the eternal question ‘What next’? The next step is to choose the type of business. The choices are many and the decision, well, as usual, always difficult to make. Before opting for any type of business, it will augur well, if you understand the difference between each of the options.Sole trader:Sole trader is a person who carries out the trade/ business single handedly. He is the whole and soul of the business. Usually, there is no one to assist him; though in some cases he might keep an assistant or a helper.The following are the distinguishing features of a sole t
    ction 8 Ok” at the end of your regular advertisement. This will actually discourage tenants that do not have Section 8 vouchers, so you will need to run a separate ad to attract them. Make sure all your ads list the same price. You are not allowed to charge Section 8 tenants extra, even though the whole process is more work for you.

    When you start to receive calls on your ad, you will find that many of the callers are under the mistaken impression that they can move on the first of the next month, when in fact their lease calls for 60 days notice, and the 60 days does not begin until the 1st of the month following the notice. They also sometimes tell their landlord that they are “thinking about moving,” and then mistakenly think that this was sufficient notice. I only mention this because in my experience most of the Section 8 prospects who call me have not given sufficient notice to their current landlord, and they cannot afford to pay rent on two separate apartments. I always talk to the current landlord to find out the situation. You will find that these applicants appreciate the extra help.

    It is very important to have a well-designed lease. If you have a rental housing association in your state, join it just to get access to their lease. These associations keep on top of the latest court rulings and new laws, and their leases are simply the best.

    If you are in the habit of getting background and credit checks for all your prospective renters, you may continue to do that, but don’t expect to see good credit. Your tenant will probably not have a job, and her income will probably fall between $0 - $800. per month. She will probably not have a credit card or a checking account. The credit report will usually show a lot of delinquent accounts.

    The most important reference to check is the previous landlord. Make sure her kids don’t cause trouble with the neighbors. If your prospective tenant gets on good with her landlords, then the credit history is a moot point.

    Often single mothers are dependant on their own mothers for moral support and babysitting. Other girls their age are in college, dating and working, not raising children, so they become socially isolated. If your prospective tenant does not have transportation, and her mother lives far away, she will probably not renew her lease for a second year. In fact, she may make up some story and move home to mom as soon as she gets lonely. Look for a renter whose mother lives close by.

    Sometimes Section 8 mothers are tempted to let a boyfriend move in and help with the household expenses. If this happens and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on te

    New Business Design - All You Need To Know To Start Trading In Style
    So you've decided to set up a new business, the idea is good, the bank has given you the green light and everything is looking peachy. Wait a minute haven't you forgotten something? Yes, that's right - your trousers! With all that excitement you clean forgot to put any on this morning. Anything else you air brained fool? Yes 5 points there at the back - what you need above all else is an unforgettable look to knock the competition dead.Step 1: The Logo DesignWhat are the things to look out for when thinking about your new business logo design? Well we could bore you to tears on the subject or we could just get right in there and divulge the secrets every successful company has learnt at some stage about good logo design. What? you want to hear the long, boring answer? All right we'll save the secret to a successful logo design for a
    st court rulings and new laws, and their leases are simply the best.

    If you are in the habit of getting background and credit checks for all your prospective renters, you may continue to do that, but don’t expect to see good credit. Your tenant will probably not have a job, and her income will probably fall between $0 - $800. per month. She will probably not have a credit card or a checking account. The credit report will usually show a lot of delinquent accounts.

    The most important reference to check is the previous landlord. Make sure her kids don’t cause trouble with the neighbors. If your prospective tenant gets on good with her landlords, then the credit history is a moot point.

    Often single mothers are dependant on their own mothers for moral support and babysitting. Other girls their age are in college, dating and working, not raising children, so they become socially isolated. If your prospective tenant does not have transportation, and her mother lives far away, she will probably not renew her lease for a second year. In fact, she may make up some story and move home to mom as soon as she gets lonely. Look for a renter whose mother lives close by.

    Sometimes Section 8 mothers are tempted to let a boyfriend move in and help with the household expenses. If this happens and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on te

    How to Get Money When You Are Broke
    (Money You Don't Have to Pay Back) 1. One way to get money is to have a yard sale and sell itemsthat you are getting ready to toss away because you don't wantthem any longer. 2. You can always gather shells at the beach and polish and turninto jewelry. 3. Get cash surrender from life insurance policy. 4. Paint faces on rocks and sell as paper weights. 5. Go to a pawn shop and pawn some jewelry. 6. Borrow from a relative. 7. Go get welfare pay or food stamps. 8. Dig small trees from woods and sell to homeowners. 9. Learn names of wild plants and plant in pots for sale. 10. Roll newspapers up in logs, tie, dye and let dry... then sell(fireplace). 11. Cut up old shirts and dresses and make pot holders out ofthem and sell. 12. Cut s
    and the housing authority finds out, she will lose her voucher and you will lose your renter. I always mention this before accepting a new renter, and they will quickly back away if this is what they had in mind. Don’t assume they know everything about the program, as they are young and inexperienced.

    You may wish to price your rent a little higher and include the utilities, as your Section 8 renter is very likely to not pay her utility bills when they are due. Often these renters have skipped on previous utility bills and will be surprised to find out that the old bills have followed them to their new residence. They will sometimes break a lease over a utility bill, so if you are able to include it in the rent, do so.

    If you manage an apartment building, it is best to not fill it up with Section 8 tenants. No one wants the stigma of living in a “welfare building.” It is best to keep a good mix of tenants, and no one will ever know that your Section 8 tenants receive any kind of assistance.

    One final caution, these young ladies do not own toolboxes or even so much as a screwdriver. You must have a handyman or maintenance person available to push the reset button on the garbage disposal when it jams, reset circuit breakers, change furnace filters and fiddle with the floats on temperamental toilets.

    In spite of all these cautions, you have a good chance of getting an excellent long-term tenant. Most single mothers are looking for a good neighborhood to settle in, and they generally do not want to move once their children have started school.

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