Don't Let Low Scores Sink Your Property: Master Your MOR Preparation and LIHTC Review (AHA918B)

  • Product Format
  • Pre Recorded Webinar
  • Presenter(s)
  • Paul Flogstad
  • Conference Date
     
  • Wednesday, September 19, 2018
     
  • Aired Time
  • 1:00 pm ET - 12:00 pm CT - 11:00 am MT - 10:00 am PT
  • Length
  • 60 minutes

Plus: Be Ready for a Tax Credit Audit

Panic. Worry. Fear. Anxiety. These are all emotions that many housing providers associate with Management and Occupancy Reviews (MORs). But you don’t have to—not if you’re well prepared.

Each property covered by a project-based Section 8 contract is subject to an MOR every year, and reviewers will scrutinize operations to ensure you’re complying with U.S. Department of Housing and Urban Development (HUD) regulations and your Housing Assistance Payments (HAP) contract. A bad MOR outcome—negative findings and a low score— can devastate your property. Don’t let that happen. Instead, learn how to survive your next MOR in this information-packed webinar by public housing expert Paul Flogstad.

The secret to acing an MOR is all about having good information and putting it into proactive practice. Gain a better understanding of the MOR process and how to get ready for the review, including th1e documentation you need to have on-hand. Learn all the key components, from property maintenance and standard operating procedures to tax credit compliance and TRACS monitoring.

After attending this instructive session, you will have the tools you need for a successful MOR. You’ll know what to expect, how to prepare your tenant files, what the REAC physical inspection will entail, and how to tackle the questionnaire. Also, you’ll walk away with the knowledge and expert insights you need to decode the MOR report and findings.

Session Highlights

This program will teach you how to:

  • Understand what a MOR entails and how you can prepare.
  • Prepare for the Real Estate Assessment Center (REAC) inspection of your physical property.
  • Make sure your maintenance and standard operating procedures are up to snuff.
  • LIHTC review.
  • Get your leasing and occupancy information in order before your annual review.
  • Understand Tenant Rental Assistance Certification System (TRACS) monitoring and how to comply.
  • Maintain good tenant files and data security to avoid bad marks on your MORs.
  • Interpret the results of your MOR so you understand what you need to fix.

Who Should Attend

  • Property Managers
  • Property Owners
  • Leasing Consultants
  • Housing Authority staff
  • Tax Credit Compliance staff
  • Developers
 

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About the Presenter(s)

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples.

Paul enjoys working with people and helping them be the best they can be.