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Updated over 7 years ago,

Account Closed
  • Investor
  • Logan, UT
7
Votes |
21
Posts

Current Tenant wants to Start Section 8

Account Closed
  • Investor
  • Logan, UT
Posted

My current tenants are separating and one person will remain in the property with the kids, possibly with Section 8 voucher.

I'm not opposed to Section 8, but I think it will require a new lease and I have some concerns.

  • rent hasn't increased in 3 years and the market will support 15% increase no problem
  • payments haven't been timely for months, probably due to their separation

If I raise rent now, they won't be able to pay and I'll lose them, plus a month's rent in the process, I'm sure.  If I raise rent with the new lease, it may be seen as discrimination or cause other problems with the Section 8 stuff.  If I ask them to leave, I feel like a bad person and lose decent long-term tenants.  If I do nothing, I'll have late rent for a few months and then who knows what might happen.

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