Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
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 4 months ago on . Most recent reply

User Stats

116
Posts
26
Votes
Tom Server
26
Votes |
116
Posts

SECTION 8 rent below FMR

Tom Server
Posted

So I have a unit that is a section 8 tenant whos rent is under the FMR By 262 dollars.. Their lease is about to come up in August... Am I able to raise the new lease by 262 and put the unit at the FMR

Also, can I find out a head of time if the housing authority will pay it ? 

If not , I dont want to raise the rent, due to I dont want the tenant to have to pay.

any suggestions 

Most Popular Reply

User Stats

61
Posts
83
Votes
Ian Hogan
  • Real Estate Agent
  • Worcester, MA
83
Votes |
61
Posts
Ian Hogan
  • Real Estate Agent
  • Worcester, MA
Replied

In Massachusetts if a lease expires it automatically turns into month to month, so I this may depend on state. So here it would just continue with section 8 unchanged. If you miss that 60 days it really just pushes when the rent can actually change. I've had it to where section 8 was delayed on that rent change even with the proper 60 day timeline and they back paid the rent to me based on the adjustment.

Loading replies...