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Updated about 8 years ago on . Most recent reply

Jessica B.'s profile image
Jessica B.'s profile image
Jessica B.
  • from Portland, Oregon
  • Member since Nov 30, 2013
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63
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Jessica B.'s profile image
Jessica B.'s profile image
Jessica B.
  • from Portland, Oregon
  • Member since Nov 30, 2013
Connect
Jessica B.
  • Portland, OR
17
Votes |
63
Posts
General Landlording & Rental Properties

Property Manager not able to get FMR and section 8

Jessica B.
  • Portland, OR
Posted

I know the Fair Market Rent for a two bedroom in my county is $691 from the HUD website. Over the past 3 years I've rented this property for 600/month. I'm turning it over to management and they have been unable to fill it at $600/month. So, I asked them if there was any reason we could not list it section 8. They said that section 8 only pays $525 for a two bedroom. Is my property manager correct about this? Is there a formula they use to determine what percentage of FMR they will pay?

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