Section 8 Rent Reasonable Reports for owners

FAQ's

What is the Section 8 Rent Reasonable Report for Owners?

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The Rent Reasonable Report for Owners is a specialized service provided by AffordableHousing.com that assesses the market value of properties for property owners wishing to participate in the section 8 program or continue in the program. Using the same methodology as the housing agencies, the reports account for all nine HUD factors along with other relevant factors to determine a property's market value. Reports also factor in voucher holder eligibility and display the maximum allowable rent for their property.

How does an owner order a report?

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Owners can purchase a report directly through our website. All they need to do is request the report on a specific property and one of our analysts will run the report. Of course, your agency can also refer owners to us so they can gauge their market value prior to submitting a rent increase request.

Who conducts the valuations?

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Our valuations are conducted by in-house staff and reviewed by real estate experts who adhere to industry best practices and standards, ensuring that property owners receive accurate and reliable results

If owners are getting data directly from you, won’t they try and manipulate the market and their values?

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It is highly unlikely that an owner can manipulate the market or specific values. Our analysts follow the same process and use the same database and settings as what the housing agency currently does in performing rent reasonable ensuring consistency in valuations whether the agency runs the report or we do it in house.

Can our agency access and use these reports?

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Yes! That’s one of the best things about this new product! Once our analysts run the reports, your agency will be able to access it within their AffordableHousing.com account. Your staff can review the report and if they are satisfied with the result, they can certify the value and finalize the report. This eliminates the need to take the time to run their own rent reasonable report.

How long does the valuation process take?

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The turnaround time on these reports is two business days although we can typically complete these reports sooner.

How much does the service cost?

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The introductory price is $39 per report paid for by the property owner. Large owners looking to assess a portfolio of properties should contact us directly for custom pricing.

What if we disagree with the valuation result?

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If there are concerns with the value, we are open to reviewing the report, discussing the methodology, and making necessary adjustments if justified. The agency has the final authority to approve or disprove the section 8 rent amount. In addition, all owners purchasing the report must acknowledge prior to receiving the report that the housing agency has final authority.

Why should we tell our owners and prospective owners to use this service?

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For the first time ever, section 8 property owners will have access to the same methodology and database that more than seven hundred housing agencies use on a daily basis. These reports, which owners have been eagerly anticipating for a long time, will decrease owner rent reasonableness challenges, improve owner participation in the program, and expedite the lease-up process without risking owner abuse or inflating market rents. Our team offers a unique combination of expertise, transparency, and a deep understanding of the specific needs of housing agencies, property owners, and real estate.

Can owners request a rent reasonableness report before an RFTA is signed?

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Yes. The report will remain in your agency’s dashboard in a “Pending Review” status and can be certified by your agency as long as the comparables in the report are still valid, usually between 3 and 6 months.

Can Owners submit comparables to AffordableHousing.com when requesting a rent reasonableness report?

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Yes. We will verify and input owner submitted comparables when provided and AffordableHousing.com will strongly encourage property managers to submit their rent rolls when they submit report requests. If the comparables are not valid or adequate for any reason, they will not be used. We will handle the “Why didn't you use my comp?” questions for you.

Owner Rent Reasonableness Reports

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