A friend of mine just got approved for his first Section 8 voucher tenant and is realizing how much paperwork and back-and-forth with the housing authority there is. He's wondering if there's any AI tool people use to track inspections, renewal dates, and tenant communication. Anyone doing this already? What's worked for you so far?
@Pratyush Joshi I use AI for many repetative tasks. I use it for lead generation doing all the texting to find leads and make appointments for me to follow up with the warm leads.
Hi all, Im moving the 3pm EST Masterclass to 5pm EST from now on. We have a lot of people joining from their drive home or from the office, so I will make it slightly later in the day so everyone can join comfortably :)
Your weekly calls are always very informative (depending on participation) and I always try to attend them live and appreciate that you always post a recording incase I am not able to attend live.
you hire a CPA for taxes. an attorney for contracts. a financial advisor for your portfolio. but somehow real estate is the one thing you think you need to figure out yourself? that is not discipline. that is just a delay. high earners delegate. that is the whole point. Marcus was a software engineer in Seattle. $150K in savings. two years of research. zero properties. we found him a Section 8 deal. $430/mo net cash flow. he never stepped foot in the city. cash flowing in 63 days. here is what my team actually does: - source the deal in markets that cash flow - underwrite and negotiate it - manage the rehab if needed - handle the HUD inspection - place the Section 8 tenant you approve the deal. wire the funds. own the asset. collect the rent. that is it. If you have $150K or more sitting on the sidelines and you want to know if this fits your situation, I strongly advice you book a call with our team. I'll leave the link for you here
Joseph what is your opinion on a multifamily that is all section 8? Do you expect to see more problems (i.e. tenant issues as fighting among themselves, more management issues as increased turnover compared to SFR Section 8). I can see this as a real possibility for creative finance if you can find a tired landlord who would do owner financing or assistance for a year or two and you converted from regular tenants into all section 8. that would increase the NOI and allow you to get all your cash out via refinance w/o any or minimal capital expenditure to force the capital appreciation it would all be rental increases driving the increased NOI? or am I dreaming??