Sec 8 increase to fmr wants to see rent roll
I have a triplex with one Section 8 tenant. Pays $950
Since I inherited the tenant, and the prior owner never raised the rent of section 8.
When I emailed DCA agent with the increase, I told her i wanted to raise it closer to the HUD FMR. So I wanted to raise it to $1200, she responded with "that's a lot" I asked her what the FMR for a 1 bd she responded $1316. I am $116 dollars less than what the FMR and no rent control. Why would she respond with "that's a lot" when it's not even at the set standard they assign?
I am new with dealing with DCA. is this a scare tactic to not raise the rents?
She also wanted me to send a rent control log of my other units.
They are 2bd and their rents are $1050.
Am, I going to have an issue increasing the 1 bedroom to 1200 since my 2 bedrooms are paying $1050?
I plan on raising to 2bedrooms to $1200- $1300 down the line.
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
"Why would she respond with "that's a lot" when it's not even at the set standard they assign?"
You don't think they are hiring geniuses to work the phones over there do you? It's the government. When have you ever had a interaction with a government employee and thought to yourself, "wow, that was a great experience."