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Updated about 4 years ago,
Question regarding section 8 denying my rental increase
Hello,
I purchased my first rental 3 unit home in which the tenants is paying 700 per month with the help of section 8 housing. The previous landlords kept rent the same for the past 15 years or so. The tenants renewal is coming up which I filled out a section 8 rental increase form requesting to raise the rent to $1000 per month which is below fair market rent in that general area.
The section 8 request was denied stating they can only approve a 50 dollar increase. What are my options given the increase to 750 per month leaves me about 300-400 below fair market rent. Is there another argument I can use given the rent hasn’t been raised in some year. Thank you in advance.
Abed Sara