All Forum Posts by: Justin Pumpr

Tenants are on a month-to-month lease

Thanks for the response. On the Ordinance site, it says the rent can only be increased by 1.7% for 2015. Does that figure apply to new landlords, as well as existing ones?

Is there any way to know ahead of time what section-8 will cover? I'd like to keep the tenants in, but if they can't  afford the increase and section-8 won't cover it then it sounds like they wouldn't be able to stay. If they can't afford it, do I have grounds for eviction as a new owner-occupier?

Accidentally posted this twice because I couldn't find the link to the original. My apologies!

Original link is here: https://www.biggerpockets.com/forums/52/topics/247234-raising-rent-as-a-new-owner-with-section-8-tenants---oakland

Hi all,

first time poster here. I've looked through some of the other posts and it doesn't seem like this has been properly answered, so I was hoping for some info.

I am on the cusp of buying a duplex. One unit is vacant (I plan to live in this one) and one is occupied by section 8 tenants. The rental unit is a 3 bedroom and the current rent is $1,484. According to this site (http://www.huduser.gov/datasets/fmr/fmr_il_history...) the fair market rate for a 3-bedroom unit is $2,204.

My question, as a new owner, can I increase the rent to the fair market rate? Section-8 isn't applicable to rent control, but I'm not sure if this is too much of an increase.

To make things a bit more complicated, their voucher is for 2 people, for there are more than 2 people living there. This is a separate issue though and I'll probably post that separately.

Thanks for taking the time!

Hi all,

first time poster here. I've looked through some of the other posts and it doesn't seem like this has been properly answered, so I was hoping for some info.

I am on the cusp of buying a duplex. One unit is vacant (I plan to live in this one) and one is occupied by section 8 tenants. The rental unit is a 3 bedroom and the current rent is $1,484. According to this site (http://www.huduser.gov/datasets/fmr/fmr_il_history...) the fair market rate for a 3-bedroom unit is $2,204.

My question, as a new owner, can I increase the rent to the fair market rate? Section-8 isn't applicable to rent control, but I'm not sure if this is too much of an increase.

To make things a bit more complicated, their voucher is for 2 people, for there are more than 2 people living there. This is a separate issue though and I'll probably post that separately.

Thanks for taking the time!