Section 8- Property Classification and Comaprables- Contra Costa
Hi BP Community,
I have few rentals and they are primarily rented to Section 8 tenants and so far my experience with them has been fine. I recently bought a single family home in Brentwood, CA (Contra Costa County). After going through the tenant selection and housing inspection process, the housing authority told me that even though the property is single family, since it shares a wall with another property, they will treat it as a townhome and only use townhome comparabales for rent calculations. Townhomes fetch approximately 10-15% rents.
My property is listed as a single family residence as per the county. Has anyone faced a similar situation where housing authority has re-classified the property resulting in different comparables and lower rent?
Thanks!