Episode 53: CHA Section 8 Roundtable - Part 1

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By Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Many fear what they don’t understand. That’s exactly why we put together this round table discussion with two other great CHA section 8 property managers. Listen in as we address the entire workflow from screening the applicants, to the move in, and everything that happens in between. Section 8 can be a great investment strategy, but it’s imperative you understand how it works...ESPECIALLY in a city like Chicago. If you learned something today, please leave us a review and share us with a friend. Enjoy the episode!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Jared Kott (Email: Jared.kott@marblestonepg.com) and Eric DeLeon (Email: Office@philtonllc.com) of Chicago Section 8

Sponsor: Appeal.tax and Showdigs Link: HCV Inspections Link: Mobility Counseling Program Link: BiggerPockets: Real Estate Investing Community & Advice Link: One Rental At A Time: The Journey to Financial Independence through Real Estate Link: Chicago Section 8 Housing Resources

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Guest Questions

Jared, How do you respond to questions about accepting section 8 tenants? 9:00

Screening section 9:40

Eric, how do you screen section 8 tenants? 9:40

How do you account for utility costs with section 8? 11:20

Rent burden worksheet collection 14:40

How do extra costs like pets or garage get accounted for? 17:25

Paperwork question section 21:25

Best practices for submitting paperwork to the CHA? 22:30

Inspection section 30:45

Wrap Up Questions

What are some best practices for inspection day? 31:30

What are some common fails on the initial inspection that can be avoided? 34:30

What are “emergency fails”? 44:00

What is rent abatement? 44:50

What is the typical timeline of a section 8 tenant? 49:00

What is the mobility program? 51:30

What is one piece of advice you’d tell someone who has never purchased sec 8? 53:44

What do you do for fun? 54:50

What is a good self development activity you’d recommend? 55:20

Who is one person you’d recommend? 56:20

That’s our show! Thanks so much for listening!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2021.

69 episodes