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Old 08-04-2010, 05:55 AM
 
6 posts, read 11,487 times
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My townhouse is currently rented out to a section 8 tenant and is currently a month to month lease. If I think I can get a higher rent, how do I advertise without my current tenant knowing or getting mad about it? I do not believe that I can raise the rent with section 8 but think I can profit more with a regular renter.
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Old 08-31-2010, 09:45 PM
 
4 posts, read 8,569 times
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You won't be able to raise the rent past what Section 8 allows. You're in every right to not renew your current tenant's lease. But give it a little thought first. If you have a good tenant that is taking care of your property and is on Section 8...you're getting guaranteed rent every single month. You might be able to raise the rent a couple hundred, but now you take the risk of not getting guaranteed rent every month. Ask a realtor to come in and appraise the value of the rental...just tell the realtor your considering listing it for rent. The realtor will come in and give you an pretty good idea of what fair market value is for your rental based on comparibles in your neighborhood. If you don't want the tenant to know...give them the 24 hr notice as required to enter the property. Do it during the time they are at work...and use the reason "I'm having a realtor come by to give me an appraisal b/c I'm considering refinancing the property. I don't want to pay for an appraisal if I can't get what I need the house to be valued at."
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Old 06-25-2014, 01:53 PM
 
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I just found out im on month to month lease since my year lease is up. Im in dc what does that mean
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