Video about Calculating Fair Market Rent FMR using a HUD Section 8 tool

While giving real estate investing presentations, especially about Section 8 and to new land lords, a common question from newbies is "How much can I charge for rent?"

WOW, that is a good question!

Remember, there are several things to consider while trying to answer this famous question:

• How many bedrooms?
• Demographics of the neighborhood?
• Have I checked the local newspapers?
• Did I call "FOR Rent" signs and see what other Land Lords are asking?
• What is the Multiple Listing Service MLS saying about rental prices in that zip code?
• Other Investors, what are they charging?
• Does your property have issues?
• Etc.

My point is that it would take a lot of time to do a good rental survey or Fair Market Rent FMR of your market before you can come up with a price.

But those days are over......

When I started using Section Eight I noticed that the case workers focused on:

1. Participant's current income
2. Inspection results of the land lord's property
3. What is Section Eight or Plan Ocho currently paying other land lords in the area.

They would always come up with a figure magically. I always wondered how they calculated the results to come up with the fair market rent FMR number. Fair meaning making it a win-win for the Housing Authority, the Land Lord and the Participant.

NOW...

Here is a tool where the Fair Market Rent FMR ceilings are calculated for you by HUD, from efficiencies, one bedroom and up to four bedrooms. Check out the video....

Written by +Bob Burns.

"Yeah Baby!" MREIA's President about.me/RobertKBurns Telephone #: 305-300-6242 email: rkburns@investmentpropertiesmiamiflorida.com MREIA's Web Page: www.miamireia.com

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Contact info. for MREIA & Real Estate Investment Commentary REIC Blog

I am writing this blog post because I feel

 it is important to disclose to our audience a way of contacting the authors of Real Estate Investment Commentary REIC postings. I will be the posting author most of the time but there may be instantences where I may have a guest blogger or a link to an article done by someone else.

Please feel free to contact me about any of the items listed below:

• Have a question or additional information about a current REIC posting.
• Need help or advice about investing in Real Estate.
• Would like to interview me via a podcast, webinar, video or text.
• Have me be a guest speaker at one of your special events.
• Be a presentor / guest speaker at MREIA.
• Find out the next MREIA meeting is.
• JV, partnering, affiliate marketing opportunities
• Whatever you feel is important enough to discuss.....

Written by +Bob Burns.

See below, for our contact data....

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Here is our contact Data..... MREIA's President about.me/RobertKBurns Telephone #: 305-586-5280 Skype: bob.kirk.burns email: sec8@planocho.com MREIA's Web Page: www.miamireia.com

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Real Estate Investment Commentary REIC's Top SIX Blog Posts

I think people love lists which are composed of the best people, items, products, services, books...etc. Top Ten Real Estate Tips, Top 10, Top 100, what ever! I know I do.

I decided to create my own REIC's Top SIX Blog Posts list. I may be too early for this since I am really a newbie blogger and only have a limited number posts under my belt. Bare with me HERE! There is a method to my madness.

I wanted to make this a MENU item. Anyone who wants to check out the top posts can just click on "Top Blog Posts".

The REIC blog's menu appears just below our blog's title. The MENU itself is a work in progress. I want to get these menu items up and running as soon as they are created.

I promise I will update this list as post positions change. Hopefully that will be often.

Check it out....

Top SIX REIC Blog Posts, based on page views, descending order (high-low):

1. Hialeah Housing Authority HHA Opens Lottery-Based Section Eight Waiting List!
2. Rental Income and Expenses - Real Estate Tax Tips
3. Real Estate Investment Strategies for Rehabbing Houses
4. Make sure you have the mail forwarded to your business address after you purchase a new investment property....Why?
5. 7 Reasons to Use a Land Trust
6. Using the MAO rule for determining your Investment Property Offer Price

So far Hialeah is winning...Hooray for Hialeah!!!!!

Written by +Bob Burns.

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"Crush It!" MREIA's President Telephone #: 305-300-6242 email: rkburns@investmentpropertiesmiamiflorida.com MREIA's Web Page: www.miamireia.com

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Hialeah Housing Authority HHA Opens Lottery-Based Section Eight Waiting List!

The Hialeah Housing Authority HHA has started accepting pre-applications from eligible families to be placed on its lottery-based waiting list for the Section 8, Section Eight, Plan 8, Plan Eight or Plan Ocho Voucher Program.

HHA will accept up to 2,500 applications via the internet or direct mail starting April 21, 2011 at 8:00 AM through April 22, 2011 at 8:00 PM. Here is the Internet application link: Hialeah Housing Authority Pre-Application Link or printed applications are to be published April 21, 2011 in The Miami Herald, El Nuevo Herald, The Miami Times and El Diario de las Americas. You can mail in your pre-application via direct mail to: Hialeah Housing Authority, PO Box 110670, Hialeah, FL 33011-0670. The pre-application envelope must be postmarked no later than April 27, 2011 after which the application process for this waiting list will be CLOSED.

For more information about this HHA event please access the following documents:

1. HHA Section 8 Waiting List Press Release
2. Hialeah Housing Authority Pre-Application Link to apply on-line
3. Log-in to VIEW current Application Status.
4. Click HERE to lookup your position on HHA waiting lists.

Use these keyword phrases together on Google: Hialeah Housing Authority & Miami Herald & Section 8

Written by +Bob Burns.

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Put things into Motion! MREIA's President about.me/RobertKBurns Telephone #: 305-300-6242 email: rkburns@investmentpropertiesmiamiflorida.com MREIA's Web Page: www.miamireia.com

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