D & K Property Management Services

More importantly, know how you're being represented by. 1 of the investors I represent as property manager reached out to me because the city scheduled a hearing for a code violation.  This is for the city of Cleveland. Context:  in late summer (it's early Oct when he got the notice), he had 2 representatives who helped him buy the single family house also helped him rent it out.  The tenant was wanting to use it as a residential treatment facility.  She presented her business plan, bank statements, etc as part of her application process.  From what I saw after the fact, I don't know how much more info she could have been given and what she did give was obvious what her intent was.  These 2 representatives signed her a 2 year lease. Apparently there's been a complaint by a neighbor or someone in the area as to this being a code violation because there's another residential facility near by...too close to this newly set up facility. The owner asked what he s...

There are a sub group of investors who mandate only going Sec 8 for their properties.  I get it...it's guaranteed income every month.  No excuses of why it's paid late.  No chasing down tenants for rent money that never showes up. There are others who refuse to deal with Sec 8 given their initial inspections and their annual inspections.  The thought being there will always be maintenance work to be done. As a property manager, if an owner tells me they want to go Sec 8, I will comply.  But can I illustrate perhaps reasons why you might be better off using private pay tenants? 1)  Section 8 tenants put a lot more wear and tear on their units than private pay.  Sec 8 tenants are home a greater amount of time than a private payer who has to work to keep a roof over their head and put food on the table.  Starting as early as month 4 of occupancy, I've seen significant more wear & tear with a Sec 8 tenant than a private pay.  Every.  Sin...