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Updated about 2 months ago on . Most recent reply

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42
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3
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Brandon P.
  • Investor
  • Oakland, CA
3
Votes |
42
Posts

Section 8 landlords, will a 3 bed with just 1 bath be able to get the maximum FMR?

Brandon P.
  • Investor
  • Oakland, CA
Posted

How much does the number of bathrooms affect the amount of money you can get from section 8? Im looking for a property and I’m wondering if a 3 bedroom 1.5 bath apt unit will typically rent for much more than a 3 bedroom 1 bath unit. Is the fair market rent listed on the huduser.gov website fairly accurate for your zip code, or is it usually difficult to get that amount?

Most Popular Reply

User Stats

48
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36
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John Litz
  • Reno NV
36
Votes |
48
Posts
John Litz
  • Reno NV
Replied

I live in Reno Nv. FMR is what section 8 pays. You can easily look this number up with a google search for your area and then inputting your zip code on the website. Market Rent is what the regular market pays. However these two numbers are fairly close at the moment for Reno. Bath count does not matter for FMR, but you can get a little more with additional baths for Market rent. Section 8 or FMR- is more hassle but also more guaranteed. Market rent can get slightly higher rent but has more risk.

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