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Updated over 9 years ago on . Most recent reply

User Stats

116
Posts
20
Votes
Sarah Miller
  • Investor
  • Canton, OH
20
Votes |
116
Posts

Possibly acquiring section 8 tenants, what do I need to know?

Sarah Miller
  • Investor
  • Canton, OH
Posted

Hello BP!  Got some stuff brewin' I'd like some insight on.  Possible 6 unit property I have been entertaining. My main questions involve the fact that many of the current tenants are Section 8 and on leases.  If I were to purchase this property, do I need to do any additional paperwork for the section 8 tenants as their new landlord (ie resubmit paperwork/get approved)?  Also, I am planning on raising rents slightly as leases expire/attrition of tenants.  Is it difficult to raise rent on a section 8 tenant?  What paperwork would be involved?  Thanks!

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