Updated about 10 years ago on . Most recent reply

Possibly acquiring section 8 tenants, what do I need to know?
Hello BP! Got some stuff brewin' I'd like some insight on. Possible 6 unit property I have been entertaining. My main questions involve the fact that many of the current tenants are Section 8 and on leases. If I were to purchase this property, do I need to do any additional paperwork for the section 8 tenants as their new landlord (ie resubmit paperwork/get approved)? Also, I am planning on raising rents slightly as leases expire/attrition of tenants. Is it difficult to raise rent on a section 8 tenant? What paperwork would be involved? Thanks!