To get there, you just had to Google for Section 8 housing.
(sorry for being such a smart-a$$ - I have to deal with Luddite salespeople's mistakes and inability to use their brains all day, and it's frustrating) [ Edited by awphoenix on Date 11/21/2003 ]
Hahah, thanks I appreciate it. Funny thing is that I actually have seen that before but for some reason could not find it the other day...thanks for showing me the way
Another thing that you can do is view your local paper under houses fo rent. As long as you are familiar with the area, this is a good way to justify a stronger rent to the Housing Authority!
Quote:
On 2003-11-21 00:25, awphoenix wrote:
You know, I'm amazed every day how people who obviously know how to get ON the Internet rarely know how to USE it...
To get there, you just had to Google for Section 8 housing.
(sorry for being such a smart-a$$ - I have to deal with Luddite salespeople's mistakes and inability to use their brains all day, and it's frustrating) <IMG SRC="images/forum/smilies/icon_biggrin.gif">
<font size=-1>[ Edited by awphoenix on Date 11/21/2003 ]</font>
I recently looked in to doing a section 8 rental in Rochester NY. I was stunned to find out from their web paget that HUD there only paid approx 40 - 50% of the rent.
Call your local HUD office and ask them. I'm sure they could give you the right answer. Go to http://www.hud.gov/local/oh/working/localoffices.cfm this is the Ohio web site for HUD and the Cincinnati field office is at the top of the list
and there is your phone number. I would call and get it out of the horses mouth instead of trying to guess what the rents might be. Who would know better.[ Edited by wpruett on Date 11/27/2003 ]
I have managed several Section 8 buildings and dozens of units under this program. If a Section 8 told me I had to lower my rent I would have told them to take it or leave it. They have to pay a comparable dollar amount for your unit. They can state that they will only pay a certain amount. But ultimately it is your choice. Additionally the Section 8 inspector has the authority to offer a price that is 10% less than the given markets comparables. This will have to be justified by the Section 8 inspector. This would very probably be the case if the inspector were some “do gooder on a cause” or the unit is below a certain quality threshold. If I really wanted the unit rented I might consider it, but 9 out of 10 times I would tell them pay me what it is worth. Additionally, now that I do recall I would actually place a premium on my rents so that if they did negotiate down I would be right where I wanted to be.
P.s. – here is your free tip of the day. When renting to certain “types” of tenants, use metal outlet covers. When you use the plastic ones, the tenants always seems to break them. The metal ones last forever and you can paint right over them. If a Section 8 inspector reviews your unit and everything is A-O.K., but you are missing two outlet covers, then you will have to reschedule another inspection. The same thing goes for floorboards. You know the boards that line the bottom of the walls where the wall meets the floor. Use the plastic ones, they can take a very good beating and if they start to come off the wall, all you have to do is “re-glue” them to the wall. Very low maintenance! Plus keep this in mind, on several occasions I have had an inspector have an issue with something in a unit on a re-inspection that was not an issue with the previous inspection. Even though all they have to do is verify that the issue at hand was corrected, they still have a fiduciary duty to re examine the whole unit. This can be the issue of you do not know the Section 8 inspector well, if is a different inspector with a different point of view or simply they might want to be more picky this time because of your blatant attempt to befriend them.
i agree 100% with mr. phil..some asociates of mine simply called the local hud(sec-8) field office and were sent a print out on the appropriate rents for a qualified 1,2 and 3 bedroom house for each parish..they also had no problems telling them exactly what will qualify for a sec-8 house, there is alot to adhear to..sec-8's can be tricky in the beginning..i heard this on this site, if given 8 hours to cut down a tree, i would take 6 hours to sharpen my ax-abe lincoln..
regards-pat
regards-pat
Guys, here the link for HUD, NC. All you need to do is select a different state. Once in your state, look near the bottom right side and you will see a link "Fair Market Rents" just click on that it it will open a link for market rents in any state.
****Must Reach Freshman Investor status before posting URL's***
Also, for NC landlords there is a site called Social Serve"****Must Reach Freshman Investor status before posting URL's*** that allows you to view and list Sec 8 property.
In addition, if you call the local sec 8 mgr, they will typically send you a Landlord kit that outlines all the basic info on HUD Section 8 programs.
Section 8 can be a great way to do business once you are familiar with the system. Just continue to screen tenants with the same diligence you would on any other property.[ Edited by JohnBergman on Date 12/08/2003 ]
You know, I'm amazed every day how people who obviously know how to get ON the Internet rarely know how to USE it...
It's called the HUD website: http://www.huduser.org/datasets/fmr.html
To get there, you just had to Google for Section 8 housing.
(sorry for being such a smart-a$$ - I have to deal with Luddite salespeople's mistakes and inability to use their brains all day, and it's frustrating) [ Edited by awphoenix on Date 11/21/2003 ]
I have 3 houses that I rent out Section 8.
In each case they required documented comparables in the immediate area to justify what I was requesting.
With an almost 20% vacancy factor in this city, they forced the tenant to negotiate a lower rent on my last lease.
Hope this helps.
awphoenix,
Hahah, thanks I appreciate it. Funny thing is that I actually have seen that before but for some reason could not find it the other day...thanks for showing me the way
Christian "The Solutions Kid" Beebe
[addsig]
Chris,
Another thing that you can do is view your local paper under houses fo rent. As long as you are familiar with the area, this is a good way to justify a stronger rent to the Housing Authority!
BAMZ
Good suggestion Bamz!
Quote:
On 2003-11-21 00:25, awphoenix wrote:
You know, I'm amazed every day how people who obviously know how to get ON the Internet rarely know how to USE it...
It's called the HUD website: http://www.huduser.org/datasets/fmr.html
To get there, you just had to Google for Section 8 housing.
(sorry for being such a smart-a$$ - I have to deal with Luddite salespeople's mistakes and inability to use their brains all day, and it's frustrating) <IMG SRC="images/forum/smilies/icon_biggrin.gif">
<font size=-1>[ Edited by awphoenix on Date 11/21/2003 ]</font>
What amazes me is how arrogant people can be.
Amen Mike
is that table on sec 8 fmr. what the housing athority will pay as a contibution or as 100% rent can be total?
I recently looked in to doing a section 8 rental in Rochester NY. I was stunned to find out from their web paget that HUD there only paid approx 40 - 50% of the rent.
Anyone in that area confirm this?
What about Syracuse NY anyone know off hand?
Thanks
Call your local HUD office and ask them. I'm sure they could give you the right answer. Go to http://www.hud.gov/local/oh/working/localoffices.cfm this is the Ohio web site for HUD and the Cincinnati field office is at the top of the list
and there is your phone number. I would call and get it out of the horses mouth instead of trying to guess what the rents might be. Who would know better.[ Edited by wpruett on Date 11/27/2003 ]
I have managed several Section 8 buildings and dozens of units under this program. If a Section 8 told me I had to lower my rent I would have told them to take it or leave it. They have to pay a comparable dollar amount for your unit. They can state that they will only pay a certain amount. But ultimately it is your choice. Additionally the Section 8 inspector has the authority to offer a price that is 10% less than the given markets comparables. This will have to be justified by the Section 8 inspector. This would very probably be the case if the inspector were some “do gooder on a cause” or the unit is below a certain quality threshold. If I really wanted the unit rented I might consider it, but 9 out of 10 times I would tell them pay me what it is worth. Additionally, now that I do recall I would actually place a premium on my rents so that if they did negotiate down I would be right where I wanted to be.
P.s. – here is your free tip of the day. When renting to certain “types” of tenants, use metal outlet covers. When you use the plastic ones, the tenants always seems to break them. The metal ones last forever and you can paint right over them. If a Section 8 inspector reviews your unit and everything is A-O.K., but you are missing two outlet covers, then you will have to reschedule another inspection. The same thing goes for floorboards. You know the boards that line the bottom of the walls where the wall meets the floor. Use the plastic ones, they can take a very good beating and if they start to come off the wall, all you have to do is “re-glue” them to the wall. Very low maintenance! Plus keep this in mind, on several occasions I have had an inspector have an issue with something in a unit on a re-inspection that was not an issue with the previous inspection. Even though all they have to do is verify that the issue at hand was corrected, they still have a fiduciary duty to re examine the whole unit. This can be the issue of you do not know the Section 8 inspector well, if is a different inspector with a different point of view or simply they might want to be more picky this time because of your blatant attempt to befriend them.
Phil
i agree 100% with mr. phil..some asociates of mine simply called the local hud(sec-8) field office and were sent a print out on the appropriate rents for a qualified 1,2 and 3 bedroom house for each parish..they also had no problems telling them exactly what will qualify for a sec-8 house, there is alot to adhear to..sec-8's can be tricky in the beginning..i heard this on this site, if given 8 hours to cut down a tree, i would take 6 hours to sharpen my ax-abe lincoln..
regards-pat
regards-pat
Here's a link directly to Cincinnati Section 8 site:
http://www.cintimha.com/index2.asp
Guys, here the link for HUD, NC. All you need to do is select a different state. Once in your state, look near the bottom right side and you will see a link "Fair Market Rents" just click on that it it will open a link for market rents in any state.
****Must Reach Freshman Investor status before posting URL's***
Also, for NC landlords there is a site called Social Serve"****Must Reach Freshman Investor status before posting URL's*** that allows you to view and list Sec 8 property.
In addition, if you call the local sec 8 mgr, they will typically send you a Landlord kit that outlines all the basic info on HUD Section 8 programs.
Section 8 can be a great way to do business once you are familiar with the system. Just continue to screen tenants with the same diligence you would on any other property.[ Edited by JohnBergman on Date 12/08/2003 ]