Episode 53: CHA Section 8 Roundtable - Part 1

Mar 25, 2021

59:09

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Episode notes

Many fear what they don't understand. That's exactly why we put together this round table discussion with two other great CHA section 8 property managers. Listen in as we address the entire workflow from screening the applicants, to the move in, and everything that happens in between. Section 8 can be a great investment strategy, but it's imperative you understand how it works...ESPECIALLY in a city like Chicago. If you learned something today, please leave us a review and share us with a friend. Enjoy the episode!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Jared Kott (Email: Jared.kott@marblestonepg.com) and Eric DeLeon (Email: Office@philtonllc.com) of Chicago Section 8

Sponsor: Appeal.tax and Showdigs Link: HCV Inspections Link: Mobility Counseling Program Link: BiggerPockets: Real Estate Investing Community & Advice Link: One Rental At A Time: The Journey to Financial Independence through Real Estate Link: Chicago Section 8 Housing Resources

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Guest Questions

Jared, How do you respond to questions about accepting section 8 tenants? 9:00

Screening section 9:40

Eric, how do you screen section 8 tenants? 9:40

How do you account for utility costs with section 8? 11:20

Rent burden worksheet collection 14:40

How do extra costs like pets or garage get accounted for? 17:25