Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

The tenant only paid for the first month! #selfstorage #horrorstory #realestateinvesting

9 Oct 2026 · 1 min

Watch on YouTube

0:49

In this brief YouTube clip, the speaker recounts a problematic rental situation where a tenant paid only the first month's rent and then remained in the property for nine months before being removed. The conversation highlights confusion over who was responsible for oversight: the leasing agent was also acting as the property manager, and neither party performed regular inspections. The speakers also criticize the lack of monitoring by Section 8, suggesting that once the tenant was placed and the first payment was received, the program and the agents stopped caring, leaving the landlord to deal with a prolonged eviction process.

We bought it in Onsight tonight, and this one paid first month's rent and they didn't pay anything else again. They— we— it took us 9 months to get them out of the property.
So wait a second, they paid the first month's rent, so the property manager got paid? Or the— not property manager, the—
The property manager. They were the—
they were the leasing agent. The leasing agent was also the property manager?
Yes.
So they put no eyes on it? No. Wait, were they the ones that were supposed to inspect?
No. Okay. They were not.
So they had no eyes on it. Nobody from Section 8 has eyes on it, right? They put a tenant in, they got paid, they don't care after that anyway, right? They got paid.
Yeah, yeah, they got paid.