All Forum Posts by: Daniel Avery

Ok guys this is amazing info and you all are very helpful.  The house that I have I bought 4 years ago. She has been in the house for 7. Section 8 pays the full amount of $656. It is a 4 bedroom and the market rent from the website @Sai T. sent me shows mine should be at $1298 for 2017 and $1315 for this year. 

What @Nathan Gesner and @Thomas S. have said makes total sense. Should I ask for $1315 in my letter to them? 

Here is a copy of what I plan to send to my tenant:

NOTICE TO INCREASE RENT

Date:

Tenant:

Dear Tenant:

This Notice is to inform you that I am requesting an increase of $1315?? to 

(“Rent”) for the property you lease located at.This

increase will be effective the first day of, 20(“theEffective

Date”). A copy of this request is also being submitted to the  County Housing

(“CHA”) Section 8 Department for approval.Therefore, if approved by the CHA, the new

rent for your Lease Agreement on the Effective Date will be $.

NOTE: This change may also increase your portion of the contract rent under the Section 8 Program.

I am providing you with this Notice at least sixty (60) days in advance of the Effective Date, in accordance with the Section 8 Program regulations.

If you decide to terminate the Lease Agreement, you must provide proper notice to both the CHA Section 8 Department and the owner. When relocating with Section 8 assistance, you should contact your Section 8 Housing Specialist to obtain the necessary forms.

The Lease Agreement, subject to CHA approval, will automatically continue with the change to the Rent, unless it is properly terminated.

Owner:SIGNATURE OF OWNER:

CC:  County Housing Authority

The following attachment is what my local housing authoirty requires. I am mainly asking exactly what amount to ask for or how to ask it etc??

Hey i bought some rentals who already have section 8 tenants in them. I️ have noticed the rent is lower than normal and should be increased based on bedrooms etc. Section 8 sent me a form to complete and told me to also send a copy of what I️ sent to the tenant. Couple of questions here.. 1- what should I️ say to the tenant in the letter? 2- if the rent increases from $650 to say $750 will the tenant have to pay increase? Right now I️ am getting $650 and the client pays nothing. On another rental I️ get $490 and the client pays $12. Any advise for section 8 landlords would be appreciated. Thanks in advance!

So I️ just signed a cash deal to put it under contract yesterday and then I️ woke up thinking about this today. What should I tell my realtor?

Got it. Thank you

Hey all I️ have been reading these forums for a while. Really amazing info. I️ am buying two rentals from another investor and he collected a security deposit three years ago when the tenant moved in. I am buying the house from him and will be transferring the section 8 income into my LLC. My question is what is the procedure for the security deposit? Should the current owner transfer the money over to me? Any advice on this would be appreciated. Thank you

I have a basic homeowners policy on my rentals but no liability. I have my homeowners with Foremost on a section 8 property.

I am acquiring another section 8 property and need a solid company to do basic liability.

Who are some companies to call?

Thanks