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Most are individual landlord/tenant relationships. The landlord may or may not be present and no management company is involved.
There is no shortage of slumlords who don't care who they rent to and don't take care of their properties.
My guess is that slumlords are really just inexperienced landlord. I don't think there are any clear thinking landlords who do not care about their properties.
Years ago, I wanted to purchase a rental property in upstate New York. I asked enough questions and decided to go with my plan. I decided to hire a local property management company and eventually found out that it was a one man company. I also heard many horror stories about section 8, rental property management company, etc, etc. I am just so glad that I changed the plan eventually.
My guess is that slumlords are really just inexperienced landlord. I don't think there are any clear thinking landlords who do not care about their properties.
There are LOTS of landlords who don't care. LOTS & LOTS.
If the renter can pay the other half of the rent in an expensive community, they can afford to pay the whole rent in a less expensive area and shouldn't be getting subsidizes at all. Just like the rest of us.
That makes too much sense. It is pretty nutty to waste that money that could be helping a family that needs the assistance. We keep hearing how long of a waiting list there is for Section 8 housing and this policy certainly wouldn't help improve that wait. Who would ever want to leave a luxury highrise?
There are LOTS of landlords who don't care. LOTS & LOTS.
When it comes down to it, it's a numbers game.
Some are speculators buying homes in hot markets.
Let Sec 8 pay money while they wait for the right numbers to hit and then they sell for a profit.
In a hot market with bidding wars people will buy places needing updates and fixing if the Sec 8 folks trashed it.
My guess is that slumlords are really just inexperienced landlord. I don't think there are any clear thinking landlords who do not care about their properties.
Years ago, I wanted to purchase a rental property in upstate New York. I asked enough questions and decided to go with my plan. I decided to hire a local property management company and eventually found out that it was a one man company. I also heard many horror stories about section 8, rental property management company, etc, etc. I am just so glad that I changed the plan eventually.
My uncle did a few section 8's. It turned him off so bad he sold them. He said people don't respect the property and it's just too much headaches.
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I also heard many horror stories about section 8, rental property management company, etc, etc. I am just so glad that I changed the plan eventually.
