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Updated over 9 years ago,

User Stats

9
Posts
4
Votes
Ciel Tierra
  • Kailua, HI
4
Votes |
9
Posts

legal ways to earn more from Section 8

Ciel Tierra
  • Kailua, HI
Posted

I have a property in indianapolis that I bought from a wholsaler.  The property has been occupied for a number of years by the same good tenant.  The previous landlord/owner was doing a side deal to supplement the amount section 8 is willing to pay.  Come to find out this is not allowed and can be considered fraud.  When IHA gives you a number that is absolutely the maximum amount of rent you can charge.

I was wondering if anyone had any creative and very much legal ideas for bringing in more money from a section 8 tenant.  According to IHA you can not rent out an extra shed or anything that is "real property".  I was thinking maybe rent a lawn mower or the washer dryer?

I look forward to your good ideas, thanks.

Oddly this is what HUD at the federal level has to say, which openly contradicts the IHA:

The PHA determines a payment standard that is the amount generally needed to rent a moderately-priced dwelling unit in the local housing market and that is used to calculate the amount of housing assistance a family will receive. However the payment standard does not limit and does not affect the amount of rent a landlord may charge or the family may pay. A family which receives a housing voucher can select a unit with a rent that is below or above the payment standard. The housing voucher family must pay 30% of its monthly adjusted gross income for rent and utilities, and if the unit rent is greater than the payment standard the family is required to pay the additional amount. By law, whenever a family moves to a new unit where the rent exceeds the payment standard, the family may not pay more than 40 percent of its adjusted monthly income for rent.

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