Section 8 Questions: FMR's and Out of State Voucher Holders?

Section 8 Questions: FMR's and Out of State Voucher Holders?

Investor · IN · Member since 2012 · 263 posts · 168 votes

I listed a apartment for rent about a week ago and thought about possibly accepting Section 8 for the apartment. I had a few questions for the veteran Section 8 landlords on BP. They are:

1) I assume FMR's include all utilities? My water,sewer,garbage is paid by a $100 HOA monthly fee. Can I add this to the FMR? Or is this subtracted to get just the rent section of the FMR? Its a 2 Bedroom and the FMR for that county is $856. So,do I subtract off the $100 HOA fee and Electricity to get my actual rent I would be receiving?

2) This apartment is located in Northwest Indiana. The vouchers that prospects are showing me are Indiana Vouchers, but they live in Illinois! How is this possible?? I thought that people living in 1 state (say Illinois) can only get Illinois vouchers? These prospects have lived in Illinois for years and get an Indiana voucher without getting on the waitlist? Am I missing something here? 

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  • Massage Therapist · Chicago, IL · Member since 2015 · 613 posts · 84 votes
    10y

    Perhaps they used a friend's Indiana address and applied for the voucher.

                                   Enjoy as you prosper.....

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