I am looking to buy & hold property in the Austin area. What are the max rents I can charge for a 1bd/1bath, 2bd/1bath, and 2/2bath single family houses under SEC 8?
Also, I would like to target elderly singles & couples with Sec 8 subsidies. What areas of Austin would be best to look for property that would best fit that criteria?
Just something overall to watch for. In a bad market landlords usually will rent three bedrooms for two bedroom rates. I saw some newer duplexes at 12th and Airport a few weeks ago with big signs in front. Watch the paper and look at the book of available property in the Sec 8 office to help you learn the market.
Thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737