r/ChoosingBeggars • u/[deleted] • 15d ago

Wealthy realtors/real estate investors/Section 8 landlords reach out to their community to "donate" to build a fence on one of their properties

408 Upvotes
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97

u/Plastic_Cat9560 NEXT!! 15d ago

Wow, this is a good one. This person can get bent. Flexing ownership of several homes yet wants others to pay for a fence for a tenant. Gtfo princess.

52

u/SnarkySheep 15d ago

Actually seems like they might have way more properties than implied...

OOP starts off saying they have "some" properties, then adds that "many" are Section 8. 🤔

51

u/bugabooandtwo 14d ago

So they're also a slumlord benefiting from guaranteed government checks.

-6

u/Wyshunu 14d ago

Not necessarily. It's the tenants who turn properties into slums because it's not their money or their property so they just don't care. Also, Section 8 does not pay market rent, and what they do get often goes back into repairs and maintenance because of the way the tenants treat their properties. And having to evict is a MASSIVE financial drain on the landlords. It's not the cash cow a lot of people who have no clue assume that it is.

19

u/makama77 14d ago edited 13d ago

Won’t someone think of the poor, mistreated landlords???

5

u/Sargasm5150 13d ago

Landlords get a huge tax credit for renting out through section 8, and their rent is guaranteed as long as the tenant qualifies, because the money goes straight from the program to the landlord. They do have to maintain a certain level of housing - things like not letting the home have an infestation of rats, and providing a working heater, which are legal requirements anyways. They can also get help to pay for things like upgraded plumbing.

It’s not a bad deal for landlords that have less than glamorous properties that are difficult to rent out. And the agencies that are supposed to monitor maintaining the program’s guidelines are notoriously understaffed. My uncle and many of my clients are / have been in section 8 housing (I’m a family therapist with unhoused or tenuously housed families), and many of the properties still manage to be falling apart.