Pulling comps for Sec 8 rent bumps

[Pete M.]

All,

Have some Sec 8 rentals coming up for renewal in the next few months.  Anybody successfully increased the rent through housing?  I know we have to provide non-housing rent comps that support an adjusted price and then wait for approval.  Do those rent comps have to be pulled by an agent, or what's the source for those typically?

TIA

[Matthew Irish-Jones]

@Pete M. it factors into what portion of the rent the tenant will be responsible for.  If they have higher income they will be responsible for a larger portion of the rent.   You can still rent a section 8 unit for more than the standard amount provided by section 8, it will just require a larger portion due by the tenant.  

The standard rates they have are what they calculate off.  So if there standard rate is $850 for a 3 bedroom, you can get $950 but, it increases the amount owed by the tenant.