Section 8 rent increase in California

[Asim G.]

Hi All,

I am new to this forum and have been impressed by the wealth of knowledge in this forum. It is very difficult to get unbiased RE related advice from pros and there is no better place than BP to get that advice.

I had a question related to Section 8 rent increases in California. I have come across a tri-plex located in Northern California (Sacramento area). The property is rented to Section 8 tenants and the rents are 30% below latest FMR for the property in the area. With current section 8 rents, the property is an excellent buy. I am not sure what the procedure is to increase section 8 rents. Is there any reason why the current owner wouldn't have increased rents.

Thanks