Re: Hal Roark Course Opinion - Posted by Dave T
Posted by Dave T on April 19, 2007 at 22:55:42:
You need to check with the local housing authority that administers the section 8 program for your county. In one area where I have Section 8 renters, the housing authority does a rental market survey every year, and their maximum allowable rent does not exceed the market rental rate.
It is a differeent story once you have a Section 8 tenant in place. While your initial rent may have been determined by a market survey, modest rent increases are often allowed even though a soft rental market may have forced a decline in the prevailing market rents.