 Section eight (by plenty [MO]) Aug 9, 2022 6:13 PM
 Section eight (by Ken [NY]) Aug 9, 2022 6:20 PM
Section eight (by plenty [MO]) Aug 9, 2022 6:24 PM
Section eight (by Homer [TX]) Aug 9, 2022 6:28 PM
Section eight (by Laura [MD]) Aug 9, 2022 6:38 PM
Section eight (by Laura [MD]) Aug 9, 2022 6:40 PM
Section eight (by plenty [MO]) Aug 9, 2022 7:06 PM
Section eight (by 6x6 [TN]) Aug 9, 2022 9:03 PM
Section eight (by Tarheel T [NC]) Aug 9, 2022 9:04 PM
Section eight (by Robert,OntarioCanada [ON]) Aug 9, 2022 11:57 PM
Section eight (by Robert,OntarioCanada [ON]) Aug 9, 2022 11:58 PM
Section eight (by tryan [MA]) Aug 10, 2022 8:59 AM
Section eight (by plenty [MO]) Posted on: Aug 9, 2022 6:13 PM
Message:
So I just rented a section eight house. Passed the inspection today. The packet was turned in nine days ago. I ask for a very high rent. About 30 minutes after inspector left, I get an email approving the rent amount I asked for. Shoot the moon on the rent request. I'm thrilled, super thrilled with the awarded amount. Also I'm offering a premium brick house in a class C neighborhood. But I got A class rent! Ya! --172.56.xx.xxx |
Section eight (by Ken [NY]) Posted on: Aug 9, 2022 6:20 PM
Message:
Congratulations. Didnt you have an advertised rent to begin with? how did you reguest a rent amount? didnt the tenant have an amount they could spend up to? --74.77.xx.xx |
Section eight (by plenty [MO]) Posted on: Aug 9, 2022 6:24 PM
Message:
I advertised it for $100 less! But when it came time to submit the packet I wrote $100 more and instead of negotiating with myself I left the amount thinking they would negotiate a lower price anyway, they always have. But they approved it! --172.56.xx.xx |
Section eight (by Homer [TX]) Posted on: Aug 9, 2022 6:28 PM
Message:
So because the government was paying the bill, you hiked it $100 per month? Can’t say I’ve ever raised rent from the advertised price based on who was paying the bill. Maybe call it an administrative fee for dealing with a government agency? --47.32.xxx.xxx |
Section eight (by Laura [MD]) Posted on: Aug 9, 2022 6:38 PM
Message:
Hum, hope they don't see the ad with the advertised rate. It is a crime to charge sec. 8 more than you charge others...called discrimination. --108.56.xxx.xx |
Section eight (by Laura [MD]) Posted on: Aug 9, 2022 6:40 PM
Message:
A Tenant Has Section 8: Can I Charge Him Extra?
Rocco Pendola
By: Rocco Pendola
Updated July 27, 2017
How to Rent a Home As Section 8 in New Jersey
Related
How to Rent a Home As Section 8 in New Jersey
Learn More ’
If you are a landlord or property manager, it often makes sense to actively seek out Section 8 renters. Under a Section 8 arrangement, HUD pays the portion of a Section 8 tenant's rent that exceeds 30 to 40 percent of the tenant's household income. This translates to a federal guarantee on a significant portion of the rent attached to each unit you fill with a Section 8 renter. You cannot discriminate, however, against somebody simply because he receives rental assistance.
Rent
Each year, HUD sets fair market rents for counties and metropolitan areas across the nation. As a property owner or manager, you have the right to charge whatever rent you like for your dwelling. While federal law prohibits you from charging more rent to Section 8 tenants than you would unsubsidized renters, you can charge more than HUD's fair market statistics. Bear in mind, however, that HUD does not allow Section 8 families to spend more than 40 percent of their household incomes on rent and utilities.
Security Deposit
You can charge Section 8 tenants a security deposit. Like with rent, HUD prohibits you from charging a Section 8 recipient a larger security deposit than a traditional renter. Federal regulations permit you to withhold all or part of a Section 8 tenant's security deposit upon move-out to compensate for unpaid rent or other lease violations, including property damage. You must follow applicable rental laws and provide the tenant with an itemized list of security deposit deductions.
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Fees and Amenities
In addition to security deposits, you cannot overcharge other fees on the basis of a Section 8 tenancy. For example, if you charge unsubsidized tenants $100 a month for storage or a parking spot, you cannot charge Section 8 voucher holders $150 a month for the identical amenities. You can require Section 8 tenants to pay their own utilities, however, you cannot include their electric, gas or other utilities on a meter shared by other tenants or portions of your property.
Examples
In terms of rent, ask the housing agency that administers Section 8 benefits in your area about fair market rents. The following is a rough sketch of how HUD calculates Section 8 rent payments: As of 2011, HUD sets the fair market rent for a studio apartment in the Topeka, Kansas, metropolitan area at $500. If a Section 8 tenant's monthly income is $800, she would have to pay 30 percent of her income -- $240 -- for a studio for which you charge $500 to rent. HUD covers the remaining $360. HUD makes the tenant pay any amount over its fair market rent. If you charge $600 for the studio, for example, the tenant's total payment would increase to $340, which represents 42.5 percent of his monthly income. HUD would not allow the tenant to rent this unit from you.
In terms of security deposits and other fees, follow local laws. In California, for instance, the Department of Consumer Affairs points out that landlords cannot charge more than two times the rent for a security deposit on an unfurnished unit. The state caps application fees at $42.09, as of 2009. You can hold Section 8 renters to these same standards as long as they also apply to unsubsidized applicants. --108.56.xxx.xx |
Section eight (by plenty [MO]) Posted on: Aug 9, 2022 7:06 PM
Message:
No crime. Not charging more than market. I advertised and will receive an amount that is still within their own chart of monthly rent. I always asked a high amount as I'm offering a better house. They are finally recognizing the value equal to Market rent. This is awesome! I've always accepted their lower rent as the residents stay put and bring stability to the neighborhood by not moving in and out like market renters. The neighborhood is also improving. My tenants are also improving. As property tax increases and I'm required to pay sewer for these section eight, my expenses have increased, the rents are finally catching up. Housing awarded this amount. Don't miss understand. --172.56.xx.xx |
Section eight (by 6x6 [TN]) Posted on: Aug 9, 2022 9:03 PM
Message:
Congratulations, smart lady.
You mentioned that your tenants are also improving?
How are they improving?
Why do you think that is happening? --73.113.xxx.xxx |
Section eight (by Tarheel T [NC]) Posted on: Aug 9, 2022 9:04 PM
Message:
Congrats Plenty! I have done the same thing! --96.37.xxx.xxx |
Section eight (by Robert,OntarioCanada [ON]) Posted on: Aug 9, 2022 11:57 PM
Message:
What is happening is vacancy rates are declining where government must compete with market rental houses or rental units. Immigration versus new construction. In the city of Toronto along where population is increasing every year where housing new construction is not keeping with demand. That also includes the the GTA or greater Toronto area which has a large population as well. Unless one wants to further out then it is possible to buy a house for less. What is happening in some marginal areas where a lot of houses which are in poor condition are bought than being renovated those houses are permanently taken off the rental market. --68.69.xxx.xxx |
Section eight (by Robert,OntarioCanada [ON]) Posted on: Aug 9, 2022 11:58 PM
Message:
What is happening is vacancy rates are declining where government must compete with market rental houses or rental units. Immigration versus new construction. In the city of Toronto along where population is increasing every year where housing new construction is not keeping with demand. That also includes the the GTA or greater Toronto area which has a large population as well. Unless one wants to further out then it is possible to buy a house for less. What is happening in some marginal areas where a lot of houses which are in poor condition are bought being renovated those houses are permanently taken off the rental market. --68.69.xxx.xxx |
Section eight (by tryan [MA]) Posted on: Aug 10, 2022 8:59 AM
Message:
The subsity is not based on the property .... it's based on the family structure being subsidized. More cribs = more $$.
So when junior turns 18 ... they'll be reducing the rent subsity. --206.84.xx.xxx |
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