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Re: This is what you should do - Landlord Forum thread 149359

Re: This is what you should do by Anonymous on January 7, 2008 @11:03

                              
This is a tactic of theirs. They also like to tie rent increases to the cost of living index (which will give a whopping 2.9% increase). Here's what you need to do:
1. Find out what census tract your property is in. Sec8 bases everything on the 4 digit tract number. Go to:
http://factfinder.census.gov/servlet/AGSGeoAddressServlet?_lang=en&_programYear=50&_treeId=420

2. put in your address & it will show the census tract number. Then click 'Map It' & it will show your census area- this is the area where you must base your comp's. Print a copy of the map & keep on file.

3. Contact a Realtor & have them do a wildcard rental search for this map area- go back several years if necessary. You will be surprised how many rental comp's are in the MLS. I've been a realtor for 12 years & I had no idea!

4. Send the comp's to Sec8 as proof of comparable rents & fight for the increase.

Your odds are much better with this approach because it shows you know what you're doing & you'll have solid evidence to make your case.

Hope this helps!

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Re: This is what you should do by Anonymous on November 14, 2017 @10:28 [ Reply ]
This was very helpful. Maybe you can help me with something. I have a house on the program in Baton Rouge LA. The inspector went out for his annual review and had some required repairs. Long story short the repairs were not made timely and they took the house off the program but the tenant stayed.

Now we are signing a new lease with the same tenant and I have asked for an increase. They are saying that the increase must come at the anniversary date of the original lease, because it is the original tenant.

Do you know if that is correct?

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