Raising Rent Section VIII

[Account Closed]

I'm looking at a property with a long term Section 8 tenant. When considering it, I realized I know nothing about S8 and thought I'd start here.

The rent is about $300.00 below market right now. I know there's a process to get the rent increased, I just don't know what it is. I'm hopeful one of you can assist.

Of course I won't be raising the rent on the tenant. Their lease ends next summer and I may just discontinue S8 then depending on the answer.

If I had to speculate, I'd think I would need to petition/request of the state that the property be approved at a higher rent. I'm sure they'd want more from me than just a "pretty please with sugar on top." They would (they being I don't know, the state? the housing authority?) would investigate my petition and provide their ruling at which time the rent may or may not be allowed to increase.

Anyways, any help here would be great.

[Thomas S.]

I would simply give notice under your state guidelines, inform tenant and their handler, and let them decide if they are staying or going. It should be no different that dealing with any other tenant. The government does not control your business unless you let them by choosing to rent to S8. If S8 is not willing to approve full market rent then you don't rent to S8.