Section 8 tenant

[Karim Smail]

Hello everybody, 

I am looking to purchase a property with a section 8 tenant, and the rent is way below market at about $800 for a 3 bed house, while an average rental is about $1300 to $1400. How to increase the rent for this property with the section 8, and is that affect the tenant's portion of rent he is paying?

[Arsen Atanasovski]

You would have to contact the current housing committee and fill out a rent adjustment form, if approved the portion between the housing committee and the tenant depends on what the tenants income and ability to pay and all of that will be listed on the confirmation

[Travis Biziorek]

Yes, it's pretty simple to increase the rent. You can do it once per year with a one page form. You'll need the tenant to sign it as well.

That said, if you want to retain the tenant there are some things you should consider before pushing the rent way up in one go. 

What is the tenant's portion of the rental amount? If you raise the rent will they be able to pay more?

[Karim Smail]

Quote from @Travis Biziorek:

Yes, it's pretty simple to increase the rent. You can do it once per year with a one page form. You'll need the tenant to sign it as well.

That said, if you want to retain the tenant there are some things you should consider before pushing the rent way up in one go. 

What is the tenant's portion of the rental amount? If you raise the rent will they be able to pay more?

We would like to know if the section 8 it self can and will be be increased without having the tenant to increase her rent portion.

[Travis Biziorek]

Quote from @Karim Smail:

Quote from @Travis Biziorek:

Yes, it's pretty simple to increase the rent. You can do it once per year with a one page form. You'll need the tenant to sign it as well.

That said, if you want to retain the tenant there are some things you should consider before pushing the rent way up in one go. 

What is the tenant's portion of the rental amount? If you raise the rent will they be able to pay more?

We would like to know if the section 8 it self can and will be be increased without having the tenant to increase her rent portion.

 If the tenant is paying a portion of the rental amount today, probably not.

Call their case manager and ask, sometimes they're able to tell you how much it will increase. If you don't own the home today, you can't do that. 

So best to assume their portion will go up some, or all of the increase, if they are on liable for some of that monthly rent today.