WEBVTT - Advance Placement: HOW TO BECOME A SECTION 8 LANDLORD

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will.

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<v Speaker 2>Be protected sponsored by the United States Department of Homeland Security.

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<v Speaker 3>If you have any rental units, if you're looking to

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<v Speaker 3>get one, if you've found something that may be undervalued

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<v Speaker 3>right now you're getting it at a great price, fantastic,

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<v Speaker 3>or if you have your own single family home and

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<v Speaker 3>you may have extra rooms, whatever the case is. Having

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<v Speaker 3>that rental property is an excellent form of security. It

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<v Speaker 3>provides monthly income cash flow that allows for whomever your

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<v Speaker 3>renters are to pay down your mortgage while you gain

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<v Speaker 3>that appreciation, which is excellent in owning a home is

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<v Speaker 3>one of the biggest investments Americans make, so it's definitely

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<v Speaker 3>something you want to learn how to use to the

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<v Speaker 3>best of your ability, and how to utilize it to

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<v Speaker 3>not only benefit yourself but future generations. And one of

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<v Speaker 3>the big things that has caused quite a bit of

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<v Speaker 3>anxiety and problems back in o Wait and with a

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<v Speaker 3>lot of people in the last year and a half

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<v Speaker 3>two years are renters not making payments. So again this

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<v Speaker 3>is one of the things that prompted me putting this together.

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<v Speaker 3>Is with Section eight or housing or developments program. It's

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<v Speaker 3>all federally backed and the payments are guaranteed. They come

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<v Speaker 3>on the first of the month direct deposit, or sometimes

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<v Speaker 3>they come a day or two before the first of

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<v Speaker 3>the month, depending on when it is. So it provides stability,

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<v Speaker 3>it gives you consistency, is something you don't have to

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<v Speaker 3>worry about.

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<v Speaker 4>It's not for everybody, but.

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<v Speaker 3>When we touch on the info tonight, you'll be able

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<v Speaker 3>to make that decision for yourself. So again, my name

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<v Speaker 3>is Aaron Stickle, and we're going to be talking about

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<v Speaker 3>using your properties with Section eight, getting the most out

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<v Speaker 3>of your rental. So one of the biggest questions that

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<v Speaker 3>I get is what is different about Section eight tenants?

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<v Speaker 3>And it's always a funny question to get. So Section

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<v Speaker 3>eight tenants are absolutely no different than anyone that is

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<v Speaker 3>not on the program. And I want to make that

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<v Speaker 3>very clear distinction because it'll help you as you either

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<v Speaker 3>do your own property management if you have units and

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<v Speaker 3>you want to do it yourself, or even if you

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<v Speaker 3>hand off those responsibilities to a property management company. I

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<v Speaker 3>need you to look at them as if they were

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<v Speaker 3>not on assistance, they're not on any program, and by

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<v Speaker 3>doing so, you put yourself in a better position to

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<v Speaker 3>protect yourself, your investment, and the property. And you'll see

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<v Speaker 3>why in just the moment. So one of the other

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<v Speaker 3>questions I get all the time about Section eight is

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<v Speaker 3>how do I apply as an owner or how do

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<v Speaker 3>I register, or how do I get on the program?

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<v Speaker 3>How do I make it so I can accept Section

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<v Speaker 3>eight tenants? There is literally nothing for you to do

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<v Speaker 3>at the beginning of the process. When you advertise your unit,

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<v Speaker 3>whatever it is, your single family, your duplex, triplex, condo,

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<v Speaker 3>town home, you just put verbage in there that you

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<v Speaker 3>accept Section eight. Technically, in most states you can't reject

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<v Speaker 3>Section eight tenants, but if you highlight the fact that

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<v Speaker 3>you do accept it, it allows more applicants that are

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<v Speaker 3>on assistance. While there's no registration process at the beginning,

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<v Speaker 3>the only thing that you do as a property owner

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<v Speaker 3>is let's say I am a Section eight participant. Magn

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<v Speaker 3>is a property owner. I like her property, and I

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<v Speaker 3>want to put in an application. I have a form

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<v Speaker 3>that's called an RTA, a request for Tenancy approval. So

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<v Speaker 3>all Section eight participants have this form and they I

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<v Speaker 3>would bring that to MAGDA. I'd have it has my information,

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<v Speaker 3>some demographic information filled out on it. I give that

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<v Speaker 3>to her and if she wants to accept my application,

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<v Speaker 3>you know, she's run my credit check, she's running my

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<v Speaker 3>background check, and she says she wants to move forward.

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<v Speaker 3>All she has to do is fill out the other

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<v Speaker 3>half of that RTA form, the other half of that

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<v Speaker 3>piece of paper, provide a few documents like direct deposit

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<v Speaker 3>info and some basics about her home and turn it

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<v Speaker 3>back in.

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<v Speaker 4>That's it. Within a week, the case.

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<v Speaker 3>Manager whomever is assigned to that participant, they give you

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<v Speaker 3>a call, they'll talk about the rent that you're asking for,

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<v Speaker 3>they'll talk about some of the specifics of the property,

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<v Speaker 3>and then they'll schedule an inspection. And that inspection can

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<v Speaker 3>be as soon as the next day. It all depends

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<v Speaker 3>on your availability and how quickly they can get an

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<v Speaker 3>inspector out there, so realistically, you can have the whole

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<v Speaker 3>application process done and the inspection happen within erness.

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:07:04.279 --> 0:07:08.159
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:07:20.480 --> 0:07:24.040
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens.

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<v Speaker 2>Have been arrested.

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<v Speaker 1>If you are here illegally, your next you will be

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<v Speaker 1>fine nearly one thousand dollars a day, imprisoned and deported,

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<v Speaker 1>you will never return. But if you register using our

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<v Speaker 1>CBP home app and leave now, you could be allowed

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<v Speaker 1>to return legally. Do what's right. Leave now. Under President

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<v Speaker 1>Trump America's laws, border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 4>Week and a half, which is extremely quick. I want

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<v Speaker 4>to run it back real quick.

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<v Speaker 3>Though, and say the biggest thing that you can do,

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<v Speaker 3>as I mentioned before, treat them like they're not on assistance.

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<v Speaker 3>Treat them like they're not on a program. Make sure

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<v Speaker 3>that you run their background checks and credit checks. Some

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<v Speaker 3>people say, well they're on Section eight, they're on assistance.

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<v Speaker 3>I don't want to make it seem like I'm trying

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<v Speaker 3>to exclude them from my pool of applicants by running

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<v Speaker 3>a credit check, because a lot of times they don't

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<v Speaker 3>have great credit. That's not always true. And secondly, if

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<v Speaker 3>you find something, you see something on a background check

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<v Speaker 3>or a credit check, just like you would with any

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<v Speaker 3>other applicant, you can talk to them about it. I mean,

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<v Speaker 3>you know, everybody's had some kind of issue in some

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<v Speaker 3>form or fashion where it doesn't define you as what's

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<v Speaker 3>on the piece of paper. So the best thing you

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<v Speaker 3>can do as a property owning when you're taking those

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<v Speaker 3>applications and you run the background check, you've run the

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<v Speaker 3>credit check, is to have a conversation with them about it.

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<v Speaker 3>If they're willing to be open with you, and you know,

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<v Speaker 3>talk through it and you still get a good feeling.

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<v Speaker 4>You talk it out. And this was just a rough patch.

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<v Speaker 3>They went through some things, some stuff happened, they're back

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<v Speaker 3>on track now, they're good to go.

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<v Speaker 4>Then you accept it But the biggest thing is to

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<v Speaker 4>take those two steps.

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<v Speaker 3>And I keep emphasizing that is because there are so

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<v Speaker 3>many property owners that I saw while working with the

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<v Speaker 3>program that thought just because they were on Section eight,

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<v Speaker 3>they had nothing to do. They can just let the

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<v Speaker 3>people move in do whatever they want, not do a

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<v Speaker 3>credit check, not do a background check, not take a

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<v Speaker 3>security deposit. And those were the people that got bit

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<v Speaker 3>in the end because they're not doing their due diligence.

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<v Speaker 3>So you want to make sure that you do your

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<v Speaker 3>due diligence at every step of the way. That is

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<v Speaker 3>by far the biggest thing that I can say, and

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<v Speaker 3>I'll mention it a few times throughout this presentation, because

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<v Speaker 3>you're protecting yourself and your investment. Again, you don't have

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<v Speaker 3>to be a tyrant about it, you don't have to

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<v Speaker 3>be rude about it, but you have to do your

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<v Speaker 3>due diligence and protect yourself and your investment. Huge, huge, huge,

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<v Speaker 3>cannot overemphasize that. So, once you've gotten your inspection scheduled,

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<v Speaker 3>what do you do? It's extremely easy. There are some

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<v Speaker 3>really really really basic pieces of information that you have

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<v Speaker 3>to look for, and I'm going to put the actual

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<v Speaker 3>form in the chat you need. Secondly, me come that over.

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<v Speaker 3>So this one that I'm putting in the chat now

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<v Speaker 3>is the RTA that I mentioned. And the thing that

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<v Speaker 3>makes Section eight easy. Since it is a federally backed program,

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<v Speaker 3>it's a HUT program, it's HUD money. These documents are universal.

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<v Speaker 3>They may they may have some supplemental documents that your

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<v Speaker 3>housing authority uses that let's say one in Maine uses

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<v Speaker 3>that one in Carolina doesn't, but the main forms are

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<v Speaker 3>all the same because it's a HUT program. So that

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<v Speaker 3>one I just put in there is the request for

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<v Speaker 3>tenancy approval, so you can see what that looks like.

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<v Speaker 3>And I am going to put in in just a second,

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<v Speaker 3>I'm grabbing the inspection checklist so you have that as well.

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<v Speaker 3>I can get my life together and get this competent pasted.

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<v Speaker 4>There we go.

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<v Speaker 3>So the one, the second one I put in as

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<v Speaker 3>the inspection checklist. This is intimidating to a lot of

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<v Speaker 3>people when they hear a HUT inspection or Section eight inspection.

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<v Speaker 3>I don't know where it comes from, to be quite

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<v Speaker 3>honest with you, there are so many people that say

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<v Speaker 3>it's one of the most difficult processes.

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<v Speaker 4>You can go through.

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<v Speaker 3>They make it so hard. They do so much extra stuff.

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<v Speaker 3>It really is not this HUD checklist. It's long because

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<v Speaker 3>the inspectors have to check a bunch of different boxes,

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<v Speaker 3>and it gives them a ton of options depending on

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<v Speaker 3>the type of home, the layout, the options, et cetera,

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<v Speaker 3>et cetera. The two things that they look at when

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<v Speaker 3>they're going through is safety is number one, and functionality

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<v Speaker 3>and go I'm gonna skip ahead one slide.

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<v Speaker 4>We'll go back to that.

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<v Speaker 3>So safety and functionality, they want to make sure that

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<v Speaker 3>every part of the unit is safe for the incoming tenant.

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<v Speaker 4>So what does that mean.

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<v Speaker 3>Making sure that in the bathrooms you have GFI outlets,

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<v Speaker 3>so the waters the outlets that shut off if water

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<v Speaker 3>gets in around the sink as well, making sure that

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<v Speaker 3>windows aren't broken, making sure that plumbing is all in

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<v Speaker 3>good working order, making sure that there aren't huge cracks through.

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<v Speaker 4>The wall that may be a little more than just

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<v Speaker 4>paint cracking.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from else Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens.

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<v Speaker 2>Have been arrested.

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<v Speaker 1>If you are here illegally, your next you will be

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<v Speaker 1>fine nearly one thousand dollars a day, imprisoned, and deported.

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<v Speaker 1>You will never return. But if you register using our

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<v Speaker 1>CBP home app and leave now, you could be allowed

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<v Speaker 1>to return legally. Do what's right. Leave now. Under President Trump,

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<v Speaker 1>America's laws, border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.