Sec 8 voucher amount

[Royce Talbo]

Hey guys, so I was wondering how this works exactly.  Here in Honolulu county fair market rent according to hud website is $2682 for a 3 bd.  In Honolulu city I can see a 3 bd going for this much but not in other cities on Oahu, but Honolulu county accounts for the whole island.  So can I advertise and rent a 3bd/1bth for $2682 when current rents in that particular neighborhood rents for $1500-1800?  Once I advertised for $1800 and had an sec 8 applicant say that they had a voucher for $2100 and would give me the full $2100 voucher if they get the place.  I did not pick them so I don't know if this would have worked or not.  

[Michael Henry]

You can advertise whatever rent amount you want you might not get any calls if the rent amount is too high. How many calls did you get when you had it advertised for $2,682.00? 

Section 8 pays a little more in rent than the normal market. In Wisconsin, there are Milwaukee County Section 8 and City of Milwaukee Section 8, the County pays more than the City Section 8.  

I good advertising trick is to place multiple ads at different price points and when prospects call ask what rent amount they seen online. You would have to honor the lower amount if they called for that amount.