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Updated over 7 years ago,
Current Tenant wants to Start Section 8
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.