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Updated over 4 years ago,
Section 8 HUD Rent Increase Approval Tips - Recourse if Denied
I recently purchased a property that already has a section 8 tenant in place. HUD pays 100% of their monthly rent. Id like to know your experience when requesting a rent increase through HUD. Please note: I understand how HUD calculates fair market rent and I'm within the limit in my area. Moreover, I'm prepared for their yearly inspection.
1. If HUD denies the rent increase request what recourse do you have? I've heard others say that HUD might counter (e.g. you ask for a $100 rent increase which they don't approve but HUD says they'll allow a $50 rent increase). However, if this isn't the case and its simply denied what can be done to prevent you from having to wait another year to request an increase through your local housing authority?
2. Any tips for getting the rent increase approved in the first place?
Thanks for the help!