When I decided to get into real estate in 2018, I was not expecting to be a Section 8 Landlord. However, the day I met with my now Property Manager, she already had a tenant lined up.
After viewing the house that was still in renovation mode at the time the tenant liked it and we started signing the papers right away.
Today, I’m happy that I am a section 8 Landlord. I have not been affected by the pandemic. I don’t have a mortgage on the property and I’ve been able to pay insurance, property taxes, and repairs with no issues since I’ve been receiving rent once a month.
A couple of months ago, I asked for an increase for the first time. It was approved and I’m so glad. Now, I’m going to be faced with a new challenge. With this increase, the tenant will have to pay me a portion of the rent. It’s not much, but it’s still something that I have yet to experience.