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!

[Nathan Gesner]

@Grayson Gist one thing every investor should learn is to find the original source for information. If you have a question about your state law, you should know where to find the state law. If you have a question about zoning for your rental property, contact the Zoning and Planning office. Your profile doesn't say where you are from but so far you have an answer from New York, South Carolina, and now Wyoming. That's a good way to get bad information.

Your tenant has a Section 8 voucher issued by your local HUD office. The HUD office can give you the specific process and forms needed to process a rent increase, deal with a bad tenant, etc.