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Updated over 9 years ago on . Most recent reply

User Stats

263
Posts
168
Votes
Jim C.
  • Investor
  • INdiana
168
Votes |
263
Posts

Section 8 Questions: FMR's and Out of State Voucher Holders?

Jim C.
  • Investor
  • INdiana
Posted

I listed a apartment for rent about a week ago and thought about possibly accepting Section 8 for the apartment. I had a few questions for the veteran Section 8 landlords on BP. They are:

1) I assume FMR's include all utilities? My water,sewer,garbage is paid by a $100 HOA monthly fee. Can I add this to the FMR? Or is this subtracted to get just the rent section of the FMR? Its a 2 Bedroom and the FMR for that county is $856. So,do I subtract off the $100 HOA fee and Electricity to get my actual rent I would be receiving?

2) This apartment is located in Northwest Indiana. The vouchers that prospects are showing me are Indiana Vouchers, but they live in Illinois! How is this possible?? I thought that people living in 1 state (say Illinois) can only get Illinois vouchers? These prospects have lived in Illinois for years and get an Indiana voucher without getting on the waitlist? Am I missing something here? 

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