All Forum Posts by: Patti Robertson

The mistake you are making is it looks like you think you can use the number on the HUD website as your rent amount. You can't. That's just the max they will pay for rent plus utilities. There are other factors that determine what they will pay for your unit and the family who applies. It depends on non-SEC 8 market rents for similar properties, the utility estimate for your property, and the tenant's income. They may pay 10% above market rent, but it won't be the higher amount you used above.

I use the exact same criteria for a voucher holder as a non-voucher holder except for income.  I require they have at least one times the rent in income vs the three times I require of non-voucher holders.  

I just had a HA approve a $300 rent increase for one of our units.  Submit it!

Welcome to BP!

We advertise on the official military housing website homes.mil.  It is a bit of a pain to go through the approval process to become an allowed advertisor, so it may not be worth it for a single unit owner.  

She wants to know what the others rent for because those are her best non-SEC 8 rented comps.  Take the smaller increase for now.  Increase the other units either by raising their rent or moving them out and getting new tenants.  Next year submit a new increase.  You get top SEC 8 rents over time, with regular annual increases.  I manage 120 SEC 8 units and have been working the program for over 15 years.  I am giving you reliable advice.

In case you are not aware, Marco filed a Chapter 7 Bankruptcy and wiped out over $5K of debt.  Here is a link to a copy of the filing that includes the creditors that were wiped out.  Marco's Bankruptcy Filing - 2008

Hi there. There are SO many posts about SEC 8 on BP. I've been working the program for 15+ years and currently manage 120ish SEC 8 leases.  To save my figers from typing, I wrote a blog on BP. Here is a link where you can check it out.  https://www.biggerpockets.com/member-blogs/9232/55313-intro-...

Are you trying to troubleshoot this and fix it yourself?  I agree with your tenant that the repair should be diagnosed by a licensed HVAC professional.

This question is best directed to a fair housing attorney.