Anybody with experience managing rental (including Sec. 8) in MO.

[Tyler Schell]

I am closing on a duplex in Missouri that is currently rented out. I am assuming at closing that I will need to contact the existing renters for both sides ASAP and have them sign a new management agreement as I plan to manage them? I am also assuming that I will need to add an amendment to the current lease contracts that are in place with new owners information as well as contact the Kansas City Housing Authority and do a change of ownership form? 

[Tyler Schell]

@Chase Schneider @Andrew Syrios

Hi Chase! From my understanding any rate increase does have to be approved by the Housing Authority before hand. I believe you can put in for a rate increase 1x per year. 

Hi Andrew! Thank you very much for the info. As it turns out it sounds like it will be much easier to continue with current management company for a period of time until all the paperwork has been submitted and completed by the Housing Authority. At that time we could look at other management groups or take over the management on our own. I have heard good things about Voepel as well and have spoken with their group a few times which may be an option. Thank you again for the help! I really appreciate it!