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Updated about 13 years ago,

User Stats

55
Posts
10
Votes
Casey Spivey
  • Realtor
  • Evansville, IN
10
Votes |
55
Posts

How to increase rent on Section 8 tenants in a new property.

Casey Spivey
  • Realtor
  • Evansville, IN
Posted

I just bought a smaller apartment complex and three of the tenants are on the Section 8 program. The previous owner was undercharging on rent and utilities and I want to increase it. The local housing authority is telling me that the tenants are not eligible for rent increases until their recertification is due. The problem is that they are 8-12 months out. Has anyone dealt with this before?

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