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Updated over 2 years ago,
Benefits of section 8
Hi BP community,
So my partner and I are currently renting a single family home for $200 under market rent. Our tenant gets assistance from the MHA. She is a great tenant, pays her half on time every month, and does a good job maintaining the property. Our dilemma is that we are capped on how much we can charge rent because she gets government assistance, so we’re leaving a lot of rent on the table. Is anyone familiar with the MHA and if there are any tax benefits or ways we can creatively offset the loss in rent?
Thanks!