Updated almost 9 years ago on . Most recent reply
Help! How to move out Section 8 tenant
I'm selling my triplex which is under rent control and has Section 8 tenants -- rents are WAY under market, so building is worth so much more if delivered vacant. My only option to move them out is cash for keys. I've offered them a LARGE amount of money to move, which they're agreeable to. Here's the problem -- Section 8 has told the tenants that their maximum voucher to find a new place is about $1,550. Any new place they find, the landlord cannot charge them more than $1,550 if they want to remain in the Section 8 program. They have been looking for new places to live, but because rents are crazy right now in LA, they can't find anything for that price that's as nice as the unit they're in now. So while they'd have a lot of money in their bank account, they'd have to downgrade where they live, which gives them cause to just stay put. What's the solution?