Raising Section 8 Rent to Match New Approved Rent
I currently own two single family homes in the Brentwood neighborhood of DC that are currently occupied by tenants holding Housing Choice vouchers (HCVP).
I've noticed that over the past few years the approved rents for holders of vouchers have gone up substantially and I'm curious what the process is for raising the rent to meet the new government-approved rate.
I've discussed the issue with my property managers and they're under the impression that there are a lot of hoops to jump through, but haven't provided much detail other than that.
Does anyone here have any experience with this? Is it too much of a hassle, or is it something I should pursue?