2 Year Property Walk-through

I cannot believe it’s been 2 years since the first property that I acquired, renovated, and rented.

Before my most recent trip home, I contacted my Property Manager to let her know I wanted to do a walkthrough of the property. Without hesitation, she said okay and noticed the tenant.

I arrived at the property a few minutes earlier to just take in the view of the property.

The tenant greeted me when I walked through the door and I was amazed at the view. It still looked the same with the exception of a few drawings on a door. It looked really good.

As she showed me around and pointed out a few things that I needed to fix, most of which were not emergency fixes; I felt very happy and proud. She also told me that the HUD HCV Program Inspector mouth dropped to the floor when he came inside. He couldn’t believe someone would put all that work into a property in that program.

She said she loved the place and that I did a great job on it. My Property Manager who is also a Real Estate Investor loved the layout of the kitchen so much that she is going to be doing well the same layout on her next project.

I couldn’t take all the credit for the kitchen layout; I only picked out the appliances but that was the ultimate compliment anyone has given me during my real estate journey and she has a lot more properties than I do.

I wrote this point to not only continue to inspire myself, but others as well. Real Estate doesn’t have to be scary or hard when you have a good team.

I was DENIED one time.

Instructions letter

Did you know that as a Housing Choice Voucher Program vendor, you can request an increase every year on the rent amount?

Well if you didn’t know. I’m here to tell you that you can request an increase in payment.

I learned this from my property manager who also rents to people in this program and has much more experience with it than I do.

What she didn’t tell me or what I didn’t ask was how to go about doing it so when I sent the email requesting an increase it was DENIED.

It was denied because I didn’t list some information shown in the picture of this article and it wasn’t mailed in with a signature.

I ended up writing a letter on paper with the information they wanted and I got approved for my increase that I requested.

Everyone is happy especially me because now I feel I’m starting to receive an adequate amount for the amount of work that was put into that property.

The GOVERNMENT didn’t pay me!

No Check on the 1st

As a landlord for a Housing Choice Voucher Program (formally called Section 8) tenant, I never expected to hear what I heard today.

Yes, I know that we are living in days of uncertainty and overwhelming madness, but everyone knows the government pays their bills and usually on time.

So what happened…

COVID 19 happened! That’s what happened. The regional office is closed due to an outbreak and since it’s unknown how many people the person with COVID 19 came into contact with, everyone was sent home and will be returning on Monday.

I’m in shock! Not because I don’t understand the severity of COVID 19, but because I didn’t know these payments were not automated. Someone has to manually enter this information. I totally thought they had a software system to manage this. Yep, I still have some learning to do.

If this is not a wake up to people. I don’t know what it will take. Not only should we all be investing or providing services and goods to each other, but we can’t have only one thing. There needs to be multiple baskets, even if those baskets only have one egg in each of them.

As I write this post, it’s a reminder for me stay focused on my goals and to keep moving forward and I want others to do the same.