What are the benefits of accepting Section 8 housing voucher tenants for real estate investors seeking stable, long-term cashflow?
In this episode, Angel Williams and Arn Cenedella dive into the advantages and misconceptions around accepting Section 8 housing voucher tenants. They discuss how these programs provide guaranteed rent payments and tenants who want to maintain their housing services. The hosts also explore best practices for long-term real estate holds, including the importance of regular rent increases and creating a comfortable community for residents.
With over 44 years of experience as a real estate broker and investor, Arn Cenedella recently founded Spark Investment Group in 2020 when he transitioned his extensive single-family rental portfolio into multifamily properties. Now managing partner, Cenedella has grown Spark's multifamily portfolio to over 1300 units as a limited partner and 533 units as a general partner, specializing in properties located in the emerging markets of North and South Carolina with a focus on Greenville, SC. Leveraging his deep knowledge and decade of experience in the #1 emerging multifamily market for 2022, Cenedella provides Spark investors the benefits of his unparalleled local market expertise as he assists them in creating passive income streams and achieving financial and time freedom through multifamily syndication.
(00:00 - 03:00) Opening Segment
(03:00 - 06:00) Common Misconceptions About Section 8
(06:00 - 09:00) Implementing Section 8 Strategically
(09:00 - 15:00) Adapting to Rent Trends and Refinancing Realities
(15:00 - 23:00) Best Practices for Long-Term Investing
"As a provider of housing, HUD requirements for property condition should be the bare minimum." Arn Cenedella
"People hate moving, so [Section 8 tenants] get the help because they probably can't afford it on their own." Arn Cenedella
Connect with Arn:
Website: https://investwithspark.com
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