Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 hours ago on . Most recent reply

User Stats

13
Posts
1
Votes
Jason Reider
1
Votes |
13
Posts

Section 8 | Connecticut

Jason Reider
Posted

Hi all – I'm working on purchasing my first duplex! So far I've been house hacking a single family with coworkers, but I'm ready to move out and get a second property. I found a duplex that's in pretty good shape (just needs cosmetic updates) and is listed at a good price to cashflow. The only thing causing me hesitation is one unit has a section 8 tenant who's paying several hundred under market rent. Their lease doesn't expire until November. The unit is in pretty good shape other than being a little cluttered. I was able to meet the owner at the showing and he said this tenant has been great and has been living in the house for 16 years. He hasn't raised the rent because he'd rather keep a good tenant and didn't want to deal with finding a new tenant. 

I'm looking for any general advice going into this situation as it will be my first time dealing with section 8. I know I have to honor the current lease until November, but how hard is it to raise the rent on a section 8 tenant if it's currently under market rent? Or if I choose to find a new tenant, is it more difficult to not renew a section 8 lease vs. any other tenant? TIA!

  • Jason Reider
  • Loading replies...