Sec 8 annual inspections

I'm not a big fan of Section 8.  That, in & of itself, is a topic for another time.

That said.  Once you have a sec 8 tenant, annual inspections "should" go smoothly, perhaps a few minor maintenance items.

If you're a property owner going out of their way to explicitly keep costs down.  If 1 of the ways to do so is to NOT do the sec 8 annual inspections work.  You are beyond foolish.

In a building I used to manage, of the 34 units, about 1/3 were sec 8.  She was SO short sighted that she did not want to spend the money on the repairs in the short term that all 3 sec 8 inspections for each unit failed resulting in CMHA terminating those contracts.  Full disclosure, it wasn't even like all the inspections were scheduled at the same time.  This happened over the course of about 9 months.

There were other issues in the building including about 1/3 of the units were vacant and needing much TLC to make them habitable (many needing $3k of work plus flooring).  And of course, she routinely complained there was never enough money coming in.

If she had spent money on the sec 8 annual inspections work, she could easily have had $6k per month (likely closer to $8k) of incoming funds.  Instead of this missed opportunity, funds had to be spent on attorney fees and court costs to evict the tenants.  WOW.  What an impact a little bit of money goes to generate much needed funds.


When you buy an investment property, there will always be cost involved.  There are things you can do proactively with some foresight that will greatly maximize your bottom line short term & long term.  However, being cheap (intentionally or not) will always back fire.  Guaranteed.  Every time.


Karen Bostwick, Broker

now!!  also a Notary Public

D & K Property Management Services

(440) 590-5925

KarenMBostwick@yahoo.com

https://dkpropertymgmtsvcs.blogspot.com/

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