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 6 months ago on . Most recent reply

User Stats

116
Posts
26
Votes
Tom Server
26
Votes |
116
Posts

Sec 8 increase to fmr wants to see rent roll

Tom Server
Posted

I have a triplex with one Section 8 tenant. Pays $950

Since I inherited the tenant, and the prior owner never raised the rent of section 8.

When I emailed DCA agent with the increase, I told her i wanted to raise it closer to the HUD FMR. So I wanted to raise it to $1200, she responded with "that's a lot" I asked her what the FMR for a 1 bd she responded $1316. I am $116 dollars less than what the FMR and no rent control. Why would she respond with "that's a lot" when it's not even at the set standard they assign?

I am new with dealing with DCA. is this a scare tactic to not raise the rents?

She also wanted me to send a rent control log of my other units.

They are 2bd and their rents are $1050.

Am, I going to have an issue increasing the 1 bedroom to 1200 since my 2 bedrooms are paying $1050?

I plan on raising to 2bedrooms to $1200- $1300 down the line.

Most Popular Reply

User Stats

28,190
Posts
19,218
Votes
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,218
Votes |
28,190
Posts
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Tom Server:

I have a triplex with one Section 8 tenant. Pays $950

Since I inherited the tenant, and the prior owner never raised the rent of section 8.

When I emailed DCA agent with the increase, I told her i wanted to raise it closer to the HUD FMR. So I wanted to raise it to $1200, she responded with "that's a lot" I asked her what the FMR for a 1 bd she responded $1316. I am $116 dollars less than what the FMR and no rent control. Why would she respond with "that's a lot" when it's not even at the set standard they assign?

I am new with dealing with DCA. is this a scare tactic to not raise the rents?

She also wanted me to send a rent control log of my other units.

They are 2bd and their rents are $1050.

Am, I going to have an issue increasing the 1 bedroom to 1200 since my 2 bedrooms are paying $1050?

I plan on raising to 2bedrooms to $1200- $1300 down the line.


"Why would she respond with "that's a lot" when it's not even at the set standard they assign?"

You don't think they are hiring geniuses to work the phones over there do you? It's the government. When have you ever had a interaction with a government employee and thought to yourself, "wow, that was a great experience."

Loading replies...