4.8 • 7.8K Ratings
🗓️ 2 February 2023
⏱️ 8 minutes
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In this Advance Placement we spoke with Aaron Stickel, he explains how you can use section 8 for your rental properties, and how you can utilize it for you and future generations.
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0:00.0 | If you have any rental units, if you're looking to get one, if you found something that may be |
0:05.2 | undervalued right now, you're getting it at a great price, fantastic, or if you have your own |
0:10.1 | single family home and you may have extra rooms, whatever the case is, having that rental property |
0:16.8 | is an excellent form of security. It provides monthly income cash flow that allows for |
0:23.1 | whomever your renters are to pay down your mortgage while you gain that appreciation, which is |
0:27.9 | excellent. And owning a home is one of the biggest investments Americans make. So it's definitely |
0:34.4 | something you want to learn how to use to the best of your ability and how to utilize it to not |
0:39.6 | only benefit yourself, but future generations. And one of the big things that has caused quite |
0:46.0 | a bit of anxiety and problems back in our weight and with a lot of people in the last year and |
0:50.4 | have two years are renters not making payments. So again, this is one of the things that prompted me |
0:56.2 | putting this together is with Section 8 or Housing Urban Development's program. It's all federally |
1:01.6 | backed. And the payments are guaranteed that come on the first of the month, direct deposit, |
1:06.6 | or sometimes they come a day or two before the first of the month depending on when it is. |
1:11.2 | So it provides stability. It gives you consistency. It's something you don't have to worry about. |
1:15.5 | It's not for everybody, but when we touch on the info tonight, you'll be able to make that decision |
1:20.6 | for yourself. So again, my name is Aaron Stichle and we're going to be talking about using your |
1:26.8 | properties with Section 8, getting the most out of your rental. So one of the biggest questions that |
1:31.8 | I get is what is different about Section 8 tenants. And it's always a funny question to get. |
1:37.8 | So Section 8 tenants are absolutely no different than anyone that is not on the program. And |
1:45.9 | I want to make that very clear distinction because it'll help you as you either do your own property |
1:51.6 | management. And if you have units and you want to do it yourself or even if you hand off those |
1:55.9 | responsibilities to property management company, I need you to look at them as if they were not on |
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