All Forum Posts by: Justin Pumpr

Hi all,

first time poster here. I've looked through some of the other posts and it doesn't seem like this has been properly answered, so I was hoping for some info.

I am on the cusp of buying a duplex. One unit is vacant (I plan to live in this one) and one is occupied by section 8 tenants. The rental unit is a 3 bedroom and the current rent is $1,484. According to this site (http://www.huduser.gov/datasets/fmr/fmr_il_history...) the fair market rate for a 3-bedroom unit is $2,204.

My question, as a new owner, can I increase the rent to the fair market rate? Section-8 isn't applicable to rent control, but I'm not sure if this is too much of an increase.

To make things a bit more complicated, their voucher is for 2 people, for there are more than 2 people living there. This is a separate issue though and I'll probably post that separately.

Thanks for taking the time!

Hi all,

first time poster here. I've looked through some of the other posts and it doesn't seem like this has been properly answered, so I was hoping for some info.

I am on the cusp of buying a duplex. One unit is vacant (I plan to live in this one) and one is occupied by section 8 tenants. The rental unit is a 3 bedroom and the current rent is $1,484. According to this site (http://www.huduser.gov/datasets/fmr/fmr_il_history...) the fair market rate for a 3-bedroom unit is $2,204.

My question, as a new owner, can I increase the rent to the fair market rate? Section-8 isn't applicable to rent control, but I'm not sure if this is too much of an increase.

To make things a bit more complicated, their voucher is for 2 people, for there are more than 2 people living there. This is a separate issue though and I'll probably post that separately.

Thanks for taking the time!