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Advance Placement: HOW TO BECOME A SECTION 8 LANDLORD · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will.
• 0:57
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: If you have any rental units, if you're looking to
• 1:03
  Speaker 3: get one, if you've found something that may be undervalued
• 1:06
  Speaker 3: right now you're getting it at a great price, fantastic,
• 1:09
  Speaker 3: or if you have your own single family home and
• 1:12
  Speaker 3: you may have extra rooms, whatever the case is. Having
• 1:15
  Speaker 3: that rental property is an excellent form of security. It
• 1:19
  Speaker 3: provides monthly income cash flow that allows for whomever your
• 1:23
  Speaker 3: renters are to pay down your mortgage while you gain
• 1:26
  Speaker 3: that appreciation, which is excellent in owning a home is
• 1:30
  Speaker 3: one of the biggest investments Americans make, so it's definitely
• 1:34
  Speaker 3: something you want to learn how to use to the
• 1:37
  Speaker 3: best of your ability, and how to utilize it to
• 1:39
  Speaker 3: not only benefit yourself but future generations. And one of
• 1:43
  Speaker 3: the big things that has caused quite a bit of
• 1:46
  Speaker 3: anxiety and problems back in o Wait and with a
• 1:49
  Speaker 3: lot of people in the last year and a half
• 1:50
  Speaker 3: two years are renters not making payments. So again this
• 1:54
  Speaker 3: is one of the things that prompted me putting this together.
• 1:57
  Speaker 3: Is with Section eight or housing or developments program. It's
• 2:01
  Speaker 3: all federally backed and the payments are guaranteed. They come
• 2:04
  Speaker 3: on the first of the month direct deposit, or sometimes
• 2:07
  Speaker 3: they come a day or two before the first of
• 2:09
  Speaker 3: the month, depending on when it is. So it provides stability,
• 2:12
  Speaker 3: it gives you consistency, is something you don't have to
• 2:14
  Speaker 3: worry about.
• 2:15
  Speaker 4: It's not for everybody, but.
• 2:17
  Speaker 3: When we touch on the info tonight, you'll be able
• 2:20
  Speaker 3: to make that decision for yourself. So again, my name
• 2:23
  Speaker 3: is Aaron Stickle, and we're going to be talking about
• 2:26
  Speaker 3: using your properties with Section eight, getting the most out
• 2:28
  Speaker 3: of your rental. So one of the biggest questions that
• 2:32
  Speaker 3: I get is what is different about Section eight tenants?
• 2:35
  Speaker 3: And it's always a funny question to get. So Section
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  Speaker 3: eight tenants are absolutely no different than anyone that is
• 2:44
  Speaker 3: not on the program. And I want to make that
• 2:46
  Speaker 3: very clear distinction because it'll help you as you either
• 2:50
  Speaker 3: do your own property management if you have units and
• 2:53
  Speaker 3: you want to do it yourself, or even if you
• 2:55
  Speaker 3: hand off those responsibilities to a property management company. I
• 2:58
  Speaker 3: need you to look at them as if they were
• 3:00
  Speaker 3: not on assistance, they're not on any program, and by
• 3:03
  Speaker 3: doing so, you put yourself in a better position to
• 3:06
  Speaker 3: protect yourself, your investment, and the property. And you'll see
• 3:09
  Speaker 3: why in just the moment. So one of the other
• 3:12
  Speaker 3: questions I get all the time about Section eight is
• 3:15
  Speaker 3: how do I apply as an owner or how do
• 3:18
  Speaker 3: I register, or how do I get on the program?
• 3:20
  Speaker 3: How do I make it so I can accept Section
• 3:23
  Speaker 3: eight tenants? There is literally nothing for you to do
• 3:25
  Speaker 3: at the beginning of the process. When you advertise your unit,
• 3:29
  Speaker 3: whatever it is, your single family, your duplex, triplex, condo,
• 3:33
  Speaker 3: town home, you just put verbage in there that you
• 3:35
  Speaker 3: accept Section eight. Technically, in most states you can't reject
• 3:40
  Speaker 3: Section eight tenants, but if you highlight the fact that
• 3:42
  Speaker 3: you do accept it, it allows more applicants that are
• 3:45
  Speaker 3: on assistance. While there's no registration process at the beginning,
• 3:49
  Speaker 3: the only thing that you do as a property owner
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  Speaker 3: is let's say I am a Section eight participant. Magn
• 3:54
  Speaker 3: is a property owner. I like her property, and I
• 3:57
  Speaker 3: want to put in an application. I have a form
• 4:00
  Speaker 3: that's called an RTA, a request for Tenancy approval. So
• 4:04
  Speaker 3: all Section eight participants have this form and they I
• 4:08
  Speaker 3: would bring that to MAGDA. I'd have it has my information,
• 4:11
  Speaker 3: some demographic information filled out on it. I give that
• 4:14
  Speaker 3: to her and if she wants to accept my application,
• 4:16
  Speaker 3: you know, she's run my credit check, she's running my
• 4:19
  Speaker 3: background check, and she says she wants to move forward.
• 4:21
  Speaker 3: All she has to do is fill out the other
• 4:24
  Speaker 3: half of that RTA form, the other half of that
• 4:26
  Speaker 3: piece of paper, provide a few documents like direct deposit
• 4:29
  Speaker 3: info and some basics about her home and turn it
• 4:33
  Speaker 3: back in.
• 4:34
  Speaker 4: That's it. Within a week, the case.
• 4:36
  Speaker 3: Manager whomever is assigned to that participant, they give you
• 4:40
  Speaker 3: a call, they'll talk about the rent that you're asking for,
• 4:43
  Speaker 3: they'll talk about some of the specifics of the property,
• 4:46
  Speaker 3: and then they'll schedule an inspection. And that inspection can
• 4:48
  Speaker 3: be as soon as the next day. It all depends
• 4:51
  Speaker 3: on your availability and how quickly they can get an
• 4:54
  Speaker 3: inspector out there, so realistically, you can have the whole
• 4:57
  Speaker 3: application process done and the inspection happen within erness.
• 5:02
  Speaker 5: What's up. You ever walk into a small business and
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  Speaker 5: everything just works like The checkout is fast, the receipts
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  Speaker 5: We love supporting businesses that run on Square because it
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  Speaker 5: our merch partners. Square makes it easy for them to
• 5:27
  Speaker 5: take payments, manage inventory, and run their business with confidence,
• 5:31
  Speaker 5: all from one simple system. If you're a business owner
• 5:35
  Speaker 5: or even just thinking about launching something soon. Square is
• 5:38
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• 5:40
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• 5:45
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• 5:47
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• 5:50
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• 6:10
  Speaker 5: This episode is brought to you by P and C Bank.
• 6:13
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• 6:52
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 6:56
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 7:00
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 7:04
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:08
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:12
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 7:15
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 7:20
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 7:24
  Speaker 1: one hundred thousand illegal aliens.
• 7:25
  Speaker 2: Have been arrested.
• 7:27
  Speaker 1: If you are here illegally, your next you will be
• 7:30
  Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,
• 7:34
  Speaker 1: you will never return. But if you register using our
• 7:38
  Speaker 1: CBP home app and leave now, you could be allowed
• 7:41
  Speaker 1: to return legally. Do what's right. Leave now. Under President
• 7:46
  Speaker 1: Trump America's laws, border and families will be protected.
• 7:50
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 7:52
  Speaker 4: Week and a half, which is extremely quick. I want
• 7:55
  Speaker 4: to run it back real quick.
• 7:56
  Speaker 3: Though, and say the biggest thing that you can do,
• 8:00
  Speaker 3: as I mentioned before, treat them like they're not on assistance.
• 8:03
  Speaker 3: Treat them like they're not on a program. Make sure
• 8:05
  Speaker 3: that you run their background checks and credit checks. Some
• 8:08
  Speaker 3: people say, well they're on Section eight, they're on assistance.
• 8:11
  Speaker 3: I don't want to make it seem like I'm trying
• 8:14
  Speaker 3: to exclude them from my pool of applicants by running
• 8:17
  Speaker 3: a credit check, because a lot of times they don't
• 8:19
  Speaker 3: have great credit. That's not always true. And secondly, if
• 8:22
  Speaker 3: you find something, you see something on a background check
• 8:25
  Speaker 3: or a credit check, just like you would with any
• 8:27
  Speaker 3: other applicant, you can talk to them about it. I mean,
• 8:30
  Speaker 3: you know, everybody's had some kind of issue in some
• 8:33
  Speaker 3: form or fashion where it doesn't define you as what's
• 8:35
  Speaker 3: on the piece of paper. So the best thing you
• 8:37
  Speaker 3: can do as a property owning when you're taking those
• 8:39
  Speaker 3: applications and you run the background check, you've run the
• 8:41
  Speaker 3: credit check, is to have a conversation with them about it.
• 8:44
  Speaker 3: If they're willing to be open with you, and you know,
• 8:47
  Speaker 3: talk through it and you still get a good feeling.
• 8:49
  Speaker 4: You talk it out. And this was just a rough patch.
• 8:52
  Speaker 3: They went through some things, some stuff happened, they're back
• 8:54
  Speaker 3: on track now, they're good to go.
• 8:56
  Speaker 4: Then you accept it But the biggest thing is to
• 8:59
  Speaker 4: take those two steps.
• 9:00
  Speaker 3: And I keep emphasizing that is because there are so
• 9:02
  Speaker 3: many property owners that I saw while working with the
• 9:06
  Speaker 3: program that thought just because they were on Section eight,
• 9:09
  Speaker 3: they had nothing to do. They can just let the
• 9:11
  Speaker 3: people move in do whatever they want, not do a
• 9:13
  Speaker 3: credit check, not do a background check, not take a
• 9:15
  Speaker 3: security deposit. And those were the people that got bit
• 9:18
  Speaker 3: in the end because they're not doing their due diligence.
• 9:21
  Speaker 3: So you want to make sure that you do your
• 9:23
  Speaker 3: due diligence at every step of the way. That is
• 9:26
  Speaker 3: by far the biggest thing that I can say, and
• 9:28
  Speaker 3: I'll mention it a few times throughout this presentation, because
• 9:31
  Speaker 3: you're protecting yourself and your investment. Again, you don't have
• 9:34
  Speaker 3: to be a tyrant about it, you don't have to
• 9:35
  Speaker 3: be rude about it, but you have to do your
• 9:38
  Speaker 3: due diligence and protect yourself and your investment. Huge, huge, huge,
• 9:41
  Speaker 3: cannot overemphasize that. So, once you've gotten your inspection scheduled,
• 9:46
  Speaker 3: what do you do? It's extremely easy. There are some
• 9:50
  Speaker 3: really really really basic pieces of information that you have
• 9:54
  Speaker 3: to look for, and I'm going to put the actual
• 9:57
  Speaker 3: form in the chat you need. Secondly, me come that over.
• 10:02
  Speaker 3: So this one that I'm putting in the chat now
• 10:05
  Speaker 3: is the RTA that I mentioned. And the thing that
• 10:07
  Speaker 3: makes Section eight easy. Since it is a federally backed program,
• 10:10
  Speaker 3: it's a HUT program, it's HUD money. These documents are universal.
• 10:15
  Speaker 3: They may they may have some supplemental documents that your
• 10:18
  Speaker 3: housing authority uses that let's say one in Maine uses
• 10:21
  Speaker 3: that one in Carolina doesn't, but the main forms are
• 10:24
  Speaker 3: all the same because it's a HUT program. So that
• 10:26
  Speaker 3: one I just put in there is the request for
• 10:28
  Speaker 3: tenancy approval, so you can see what that looks like.
• 10:30
  Speaker 3: And I am going to put in in just a second,
• 10:33
  Speaker 3: I'm grabbing the inspection checklist so you have that as well.
• 10:37
  Speaker 3: I can get my life together and get this competent pasted.
• 10:40
  Speaker 4: There we go.
• 10:40
  Speaker 3: So the one, the second one I put in as
• 10:42
  Speaker 3: the inspection checklist. This is intimidating to a lot of
• 10:47
  Speaker 3: people when they hear a HUT inspection or Section eight inspection.
• 10:51
  Speaker 3: I don't know where it comes from, to be quite
• 10:52
  Speaker 3: honest with you, there are so many people that say
• 10:56
  Speaker 3: it's one of the most difficult processes.
• 10:58
  Speaker 4: You can go through.
• 10:59
  Speaker 3: They make it so hard. They do so much extra stuff.
• 11:02
  Speaker 3: It really is not this HUD checklist. It's long because
• 11:06
  Speaker 3: the inspectors have to check a bunch of different boxes,
• 11:08
  Speaker 3: and it gives them a ton of options depending on
• 11:10
  Speaker 3: the type of home, the layout, the options, et cetera,
• 11:13
  Speaker 3: et cetera. The two things that they look at when
• 11:15
  Speaker 3: they're going through is safety is number one, and functionality
• 11:20
  Speaker 3: and go I'm gonna skip ahead one slide.
• 11:21
  Speaker 4: We'll go back to that.
• 11:22
  Speaker 3: So safety and functionality, they want to make sure that
• 11:25
  Speaker 3: every part of the unit is safe for the incoming tenant.
• 11:30
  Speaker 4: So what does that mean.
• 11:31
  Speaker 3: Making sure that in the bathrooms you have GFI outlets,
• 11:34
  Speaker 3: so the waters the outlets that shut off if water
• 11:39
  Speaker 3: gets in around the sink as well, making sure that
• 11:42
  Speaker 3: windows aren't broken, making sure that plumbing is all in
• 11:46
  Speaker 3: good working order, making sure that there aren't huge cracks through.
• 11:50
  Speaker 4: The wall that may be a little more than just
• 11:52
  Speaker 4: paint cracking.
• 11:53
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 11:56
  Speaker 1: in Massachusetts. An MS thirteen gang member from else Salvador
• 12:00
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 12:04
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 12:08
  Speaker 1: some of the heinous migrant criminals caught because of President
• 12:12
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 12:16
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 12:21
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 12:24
  Speaker 1: one hundred thousand illegal aliens.
• 12:26
  Speaker 2: Have been arrested.
• 12:27
  Speaker 1: If you are here illegally, your next you will be
• 12:31
  Speaker 1: fine nearly one thousand dollars a day, imprisoned, and deported.
• 12:35
  Speaker 1: You will never return. But if you register using our
• 12:38
  Speaker 1: CBP home app and leave now, you could be allowed
• 12:42
  Speaker 1: to return legally. Do what's right. Leave now. Under President Trump,
• 12:47
  Speaker 1: America's laws, border and families will be protected.
• 12:50
  Speaker 2: Sponsored by the United States Department of Homeland Security.