General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 4 months ago,
Starting out Section 8
Good morning, I currently have a duplex property that I am in the process of switching to Section 8 Tennats.
I currently have two long term tenants that are month to month, currently collecting $1000/m each. FMR for Section 8 is $1396 in my area for the BR count, I've already contacted the housing authority and have my units listed on the section 8 board. To my understanding the process is adding my units to a board, waiting for the section 8 representative to contact me when there's an interested tenant, have an inspection done, screen tenant and have paperwork done correct?
Should I send a notice out to my current tenants that their rent would be raised to $1400/m effective Nov/Dec 1st and if they can’t do it that they would need to leave by then?
Looking for some insight and if I could connect with a current Section 8 Investor directly that’d be amazing!