FY05 HUD Rent Limits

FY05 HUD Rent Limits become effective 3/31/05. Is it appropriate to apply a rent increase based on the percentage increase of the HUD limits? How receptive is the Housing Authority to these requests?

Comments(3)

  • NewKidinTown212th March, 2005

    Never know until you apply for your rent increase. If it is too high, the housing authority will let you know.

  • kevinbsmith5th March, 2005

    See my lengthy post in the (very) recent thread "How to value a property".

  • RRIDL2113th March, 2005

    take your rental income minus
    mortgage payment
    taxes
    maintenance
    insurance
    utilities (water,sewer, trash, heat)
    management fees if applicable.

    If youve still got a positive cashflow, you should be ok. dont forget to take into account fixup costs, closing costs, etc..

Add Comment

Login To Comment