Oct Rent Update, Collected 91.6% rent, 4 openings.
I was able to rent out 7 units this month, 2 at market, 5 on HUD with Sec 8.
Indiana is appropriating portion of stimulus money for housing assistance, so we are pickup 5 new vouchers this month, 3 state funded, 2 federally funded. Thanks to Obama, finally seeing little bit of stimulus money channel down my way.
since we have a good relationship with local HUD office, they usually direct tenants to us, so I can have the first pick. As I was told, there are unlimited number of state funded vouchers available, but these vouchers must be contracted before Dec 1, or will be lost, and the rental unit must outside of any city limits. So far Hud said they had 140 interviews, only 42 applicants qualify, but so far 6 of them can find a qualify unit.
I will have 3 moving out in November, we back to 7 opens.
I was able to rent out 7 units this month, 2 at market, 5 on HUD with Sec 8.
Indiana is appropriating portion of stimulus money for housing assistance, so we are pickup 5 new vouchers this month, 3 state funded, 2 federally funded. Thanks to Obama, finally seeing little bit of stimulus money channel down my way.
since we have a good relationship with local HUD office, they usually direct tenants to us, so I can have the first pick. As I was told, there are unlimited number of state funded vouchers available, but these vouchers must be contracted before Dec 1, or will be lost, and the rental unit must outside of any city limits. So far Hud said they had 140 interviews, only 42 applicants qualify, but so far 6 of them can find a qualify unit.
I will have 3 moving out in November, we back to 7 opens.
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