Updated about 1 month ago on . Most recent reply
"Binder Strategy" with a Section 8 tenant
I recently bought a duplex in the metro Detroit area. Both units are occupied. My goal is to use the Binder Strategy that Deon Mcneilly talks about. The Section 8 tenant's rent is currently $1150 and she pays only $3 of it herself! Market rent is closer to $1400 (FMR is ($1449). Deon usually has a whole discussion and lets the tenant suggest what the rent would be. I am curious if in this situation he would do the same or would he just request an increase from Section 8 for market rent? (I do not have social media so I cannnot ask him directly). I would love to hear suggestions from investors who use the Binder Strategy with Section 8 tenants. Thanks!