Raising the Rent on Section 8 Tenant

[Grayson Gist]

Hey everyone, I have an inherited section 8 tenant and their rent is pretty low even with the voucher. I don’t understand the ins and outs of section 8 fully yet, but I have learned a few things and I want to make sure I understand them correctly. 1. The Fair Market Rent according to HUD in my area for a 3 bedroom unit is $450 higher than their current rent. Does that mean I can raise the rent up to that amount? I heard you have to subtract utility costs from it, is that accurate? 2. I want to make fair market rent, but I don’t want to make the tenant have to pay quite a bit more. Is that possible? Thank you!