Section 8 rent increase

[Andrew Slezak]

Hey team,

I’ve put an offer on a property that has had a section 8 tenant for the last 8 years. The numbers with my offer will yield excellent returns. Current rent is  $797. After checking the local housing authority the SAFMR though the zipcode maximum is $1300. The house is currently under management so I’d think they’d take care of getting top market rent but I think we all know that management companies can be hit or miss. Does anybody have insight on how we can reach higher rents or how the rent value is determined? This is my first section 8, but been doing other long terms for awhile but starting to see a real opportunity in voucher housing with the back log of qualified people waiting for housing.