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Updated almost 9 years ago,
How Section 8 Numbers work?
I would like to get some feedback from anyone on some Qs. I have a property here in Baltimore that I am looking to rent with Section 8. (3 Beds 1 Bath). I am very new to this, and aware of some happy endings and disasters.
Qs. Would I be able to rent the property basically for whatever the voucher is for or whatever I decide?
E.g.
1.
If I want to rent the property for around $1200.00, and one person has a voucher for $1000. I can only rent it for $1000.00, not for $1200.00. Who is the decision maker here ? How is the difference collected (if there is any)
2. If I am in agreement with the voucher let say for $1000.00/m, and if I am correct the tenant also gets the utilities paid by the government. Will I get $1000.00 minus what
the utilities are or the utilities are in addition to rent or how does this wok
Please assist. I am really confused. None of the books explain the number process.