Negotiating with Section 8 Providers.
I've got a SAHA tenant here in San Antonio, and am wondering if you can challenge a low Fair Market Rent assessment. I felt I was slightly lowballed last fall, and have a renewal coming up end of this summer/early fall. Tenant is fine, but rent comparables have gone a solid $150-$225/month over this time period. Per SAHA's FMR map, they'll pay UP to $2086/month in this zip, and the 5% rent cap is over, so that's not the problem. I'm assuming they're running comps and picking the lowest of them, when this property is somewhere in the top of the middle. I'd like to be able to counter if I get lowballed again. With my property taxes and insurance going through the roof, every dollar matters!
@Lawrence Rutkowski absolutely worth a shot. I have a friend who does it with his and they routinely bump the rents to match the comps he provides them.
Absolutely, and using your taxes going up is a fair basis point. Don't be afraid to ask for what rightfully should be paid. Something egregious sure but fair, not at all.
Quote from @Malcomb Stapel:
@Lawrence Rutkowski absolutely worth a shot. I have a friend who does it with his and they routinely bump the rents to match the comps he provides them.
Good to know! I was wondering if there was even a point, given the level of bureuacracy involved with SAHA. Getting answers on anything not completely boilerplate is tough.
