Once you get notice of an impending audit, you will want to swing into action. In addition to the first-year and current resident files, the auditor may want to seek actual units, building grounds, utility-allowance documentation, marketing records, and waiting and refused lists. Accounting records, including the rent roll, will also be under scrutiny. Be sure that all of these are in top shape before and during an LIHTC audit.
In this audio conference, Paul Flogstad will provide the tips for a successful LIHTC audit and the needed information so that you will receive an 'A' rating on your audit. Paul will discuss how to set up your files; what needs to be included; what items to watch for; and how to prepare for the physical inspection portion of the audit.
Areas covered in the session:
Who should attend
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 servi... More info