How Section 8 Payments REALLY Transfer When You Buy a Rental скачать в хорошем качестве

How Section 8 Payments REALLY Transfer When You Buy a Rental

If you are buying a rental property with a Section 8 tenant in Detroit, you must understand how Housing Assistance Payments (HAP) transfer from seller to buyer. It is not automatic. It is not simple. And if you get this wrong, you can easily lose a full month of rent. In this video, I explain: • Why Section 8 may keep paying the seller after closing • The difference between MSHDA and Detroit Housing Commission • Why timing your closing date matters • How to protect yourself with an escrow holdback • The exact Rent Escrow Addendum language I use I’ve transferred hundreds of Section 8 rentals. This is the real-world process Detroit investors need to know. 📩 Want to buy or sell a Section 8 rental? Email: Monique@greatdaypm.com 📅 Partner with us on a renovation deal: https://calendly.com/section8rentalma... www.DetroitCompliance.com (20% off first 3 months): Use code: MONIQUE Blog post with my addendum as a sample: www.greatdaypropertymanagement.com/moniques-blog/2026/2/13/how-section-8-payments-transfer-when-you-buy-a-rental-property-in-detroit 00:00 Why Section 8 Transfers Are So Risky 00:22 My Experience Selling Section 8 Rentals Since 2007 01:18 Subscribe + Detroit Investor Resources 02:11 How Detroit Compliance Could Save You $11,000 03:54 The Big Mistake Buyers Make with Section 8 Transfers 04:46 Why Section 8 Keeps Paying the Seller After Closing 05:01 The Escrow Strategy That Protects Buyers 05:36 Why You Must Escrow the Tenant Portion Too 06:19 Seller Must Notify Tenants at Closing 06:56 Include This Language in Your Purchase Agreement 07:18 Change of Ownership Forms Explained 07:35 MSHDA Requires Wet Signatures 08:11 Detroit Housing Commission Accepts E-Signatures 08:47 Getting Housing Authority Contact Info During Due Diligence 09:06 What Happens If HAP Pays the Seller After Closing 09:46 Why MSHDA Won’t Reverse Payments 10:02 How Detroit Housing Commission Handles It Differently 10:54 When to Time Your Closing (Very Important) 11:44 Don’t Forget Escrow + Transfer Docs 12:20 Final Advice: Communication Is Everything *Disclaimer:* I'm not a lawyer, and the information shared in this video is for informational purposes only. It is not intended to be legal advice. Please consult a qualified attorney for any legal concerns or questions you may have. ***************************************************************************************** PLAYLISTS Section 8 Secrets Revealed: https://bit.ly/Section8Playlist Detroit Investor Information: https://bit.ly/Information-coall Properties: East Side of Detroit: https://bit.ly/EastSidecoall West Side of Detroit: https://bit.ly/WestSidecoall Detroit Renovation Project Start to Finish: https://bit.ly/DetroitRenovationProject ***************************************************************************************** About our company: Great Day Realty buys houses in Detroit, renovates them to high standards that will pass city and Section 8 inspections, places deserving tenants via our property manager, and then flips the houses to investors from all over the country and all over the world. We then guide you to manage the house yourself or we can refer you to our team member for property management. To Tenants: Please call Andrew to find a rental: 313-285-3136 Website: http://www.GreatDayPropertyManagement... TikTok: https://vm.tiktok.com/ZMeD86rcL/ Instagram: Instagram.com/Monique_burnss Great Day Realty, LLC (248) 390-3982 Monique's cell Monique@GreatDayPM.com PLEASE SUBSCRIBE AND COMMENT BELOW!