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Attention Realtors,
Do you have a vacant House or Apartment to RENT?
I can help you lease your homeowners' vacant house or apartment FOR MORE monthly rent than the average homeowner receives in the neighborhood.
Let me show you how we can CO-Broke then show homeowners how to partner with the government; so they can get guaranteed rent for years on end.
Commercial, Residential, and Rentals
My extensive experience as a homeowner and landlord since 1998, personally rehabbing, renovating, and building new homes, allowed me to work with an array of clients, ranging from first-time home buyers and/ or home sellers, down to the experienced real estate investor that does renovations, rehabs, flips, 1031 tax exchange’s, etc. I specialize in renting apartments for myself and others, by partnering with the government. I match quality, pre-screened, background-checked tenants, in possession of a housing choice voucher, with homeowners that have vacancies.
Contact Us
Please text me or call for a FREE Phone or Zoom consultation.
About Me
Jamil Leigh, CIPS, CIREC, SFR
N.Y. State Licensed Real Estate Salesperson
Real Estate Investor/Developer
CIPS (Certified International Property Specialist)
CIREC (Commercial & Investment Real Estate Certified)
SFR (Short Sale & Foreclosure Resource)
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I am a Licensed R.E. Salesperson with 23 years of experience.
My specialties are:
*Real Estate Development
*Leasing Agent
*Rental Management
*Landlord/ Property Manager/ Real Estate Salesperson
I work(ed) with:
Charles Rutenberg Realty, Inc. (Current)
Keller Williams Realty Empire (Past)
I am also an experienced real estate developer who built a 3 family house (3-plex) in Brooklyn, NY, and several homes in Texas. I have been a homeowner/ landlord for over 23+ years.
Frequently asked question
Here are a few answers to our most common questions
How will I get paid as the Realtor?
The tenant and/or the landlord pays the Realtor fees. If you are in a state that allows dual agency, then you can get paid from the tenant and/or the landlord, but speak to your broker about it. Most tenants get assistance from their local public assistance office as well to pay the broker fee.
Note: tenant(s) should not be allowed to move in unless they have paid the Realtors' fee.
How will the co-brokering process work?
You and I will fill out a co-brokerage agreement. Your office and my office brokerage will keep our brokerage agreement on file. My brokerage will complete a W-9 form for you to submit to your brokerage.
Afterward, you will advertise the vacant apartment/ house, on my government-approved website, then the tenant will call/ text a special number, and you and I will receive the tenants’ information. I will help you with the preliminary screening process and guide you throughout the process. I will tell you what is necessary for the homeowner to pass inspection, show you where to access the government forms, and coach you on how to guide your homeowners from start to finish. Our sessions can be via Zoom.
All you have to do is show the apartment/ house like you normally do!
Can this be an additional revenue stream for me?
Yes, many Realtors only work with one type of client/ customer. Why not add this additional source of income to your current income or lack of income.
Is this program Federally Funded?
Yes, this is a national, federally-funded program. The federal government allocates money to every state and each state runs their program according to the federal guidelines. Individual voucher recipients are tasked with finding housing within their community. As a result, the tenants have to search for housing on their own and this is where you and I become the missing link to this “high demand for housing-low rental inventory environment”.
Are landlords obligated to take the first person that contacts you, if they have a housing choice voucher?
No, a common practice that I use is a screening tool. This screening tool allows the homeowner to pick their best candidates, after the potential tenant has completed the screening tool. This screening tool allows homeowners to make an informed decision prior to moving forward with that potential tenant.
Are you allowed to perform a background check?
Yes, it is highly recommended that all applicants 18 years old or older have a background check. Every state has different rules and regulations regarding background checks, but, in general, you can conduct one. In addition, the potential tenant is the one who pays for it!
What are the pro’s?
The homeowner will receive 70% of the rent from the government. In rare cases, the homeowner may receive 80-100% of the rent from the federal government. Afterward, the homeowner will receive monthly checks, via direct deposit, for as long as the tenant lives on the premises. Note; the tenant just has to comply with their recertification requirements and the homeowner will continue to receive direct deposits. The best thing about the program is that some tenants stay on the program for years. That means the homeowner receives a monthly check for all of those years!
As previously mentioned, the money gets directly deposited into the homeowners’ account. The homeowner will be required to fill out paperwork, disclosing their social security number and /or EIN #, ownership information, deed, etc. This allows the city to verify ownership, process the paperwork, and cut the checks to the person or entity authorized to receive the checks. Please note checks can be cut directly to management companies. A signed management agreement must be submitted with all of the supporting documents as well.
In addition, in most cases, the program may pay the homeowner more rent than the surrounding neighborhood. The programs will conduct a rent reasonableness study, and list the rent amount based on comparables. In many situations, the government pays $100-500 more than what a non-subsidized tenant is paying in various neighborhoods. Note: the rental comparable is based on the zip code. All rent comparables are NON-subsidized housing units that were recently rented. The city uses their own rental comparable analysis software.
What are the cons?
The house or apartment has to pass inspection. Once it passes inspection, you have to wait another 2-3 weeks for the paperwork to be processed and approved by the government (every state has a different process). After the paperwork is approved, then and only then can the tenant move into the apartment. The homeowner will receive payment and any prorated rent one month later. Once again, DO NOT ALLOW THE TENANT TO MOVE INTO THE UNIT UNTIL YOU RECEIVE YOUR BROKER FEE. The tenant, not the government, is responsible for paying the broker's fee. Please ensure you have the tenant sign an invoice. The invoice, your Broker's license, and the city approved form to request for payment, must be submitted if the tenant is seeking assistance from the local public assistance office(s) to pay your Broker's fee. Please note this process may take 1-2 weeks to process, so I recommend you submit it right away, once the unit passes inspection.
What rights does the homeowner lose?
None. Tenants have to abide by the same rules and regulations that all non-subsidized tenants follow. Homeowners possess the same legal rights that they had prior to renting to a tenant receiving a subsidized housing voucher.
How long is the lease?
The lease is written yearly. It is recommended that the lease be written for one year. This allows the homeowner the opportunity to see if the program is a fit for them. You can renew the lease yearly and request RENT INCREASES, which is determined by the city agency.
How do I get started?
Reach out to me by clicking on the line below, if you have a vacant property(ies) that you know will work in this situation.
ACT NOW!!
Add an additional stream of income to your current real estate business!
If you are interested, click on the Contact Us link that is highlighted.
Testimonials
What Our Clients Say
Has been a great help and mentor for the past several years of my journey. He showed me a one family house that had potential to be converted to a 2 family house. He coached me and encouraged me to get a purchase and renovation loan. My goal was to make additional passive income. He encouraged me to rent to tenant that receive subsidized housing, and now I am reaping the benefits of that action. I now have a 2 family house and receive a majority of my money every month from the government. My goal is to keep the house and pass create generational wealth and someday leave the house for my kids, when I am no longer here. Thanks Jamil for motivating me and being a great inspiration to my real estate investing journey.
Yorana H.