Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Oakland Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

24
Posts
9
Votes
Sudeep Jain
  • Fremont, CA
9
Votes |
24
Posts

Sec 8 rent thousand dollars below voucher standard

Sudeep Jain
  • Fremont, CA
Posted

I recently bought a triplex in Oakland, and inherited a sec 8 tenant. The rent this tenant is paying is far below the voucher standard. The voucher standard itself is a little bit over the rents for the neighborhood. What is the best approach to bring the rent this tenant is paying more into line with the market rents?  

Provide the HA with comps in the neighborhood and ask for an increase? I am not sure this strategy will work as the rent is nearly a thousand dollars below the voucher standard.

Improve the features in the apartment such as access to garage, newer kitchen cabinets, floors etc.? and ask for a rent increase based on the improvements to the apartment?  

Help the tenant move to a different place and bring the unit to market rents? 

So far, my dealings with the HA have been far from smooth. For instance, they still have not processed the transfer of ownership nearly two months after I sent the required documents. They havent paid me the rent for December. In theory, the HA is supposed to pay market rents, but I am not sure how this policy works in reality. If someone has any experience dealing with the Oakland HA, can you please advise?  

Thank you!

Loading replies...