- Management Fee Calculation
For a profit motivated multi-family residential project, regarding the calculation of management fees, can utility reimbursements from tenants be included…
- Preferred return on Capital Contribution
The Operating Agreement of the LLC provides for a 10% cumulative return on initial capital contributions. The Regulatory Agreement does…
- Reserve for Replacements Deposit Requirement
I have what I think is a quick and hopefully easy question. It is as follows: I have a HUD…
- 207/223 Acquisition
I have a client that is closing a loan tomorrow, they have acquired a piece of a lot land adjacent…
- Surplus Cash and Accounts Payable
I have a prospective client that performs the surplus cash calculation on 1/1 based on the a/p aging at that…
- Compliance Requirements
The past couple years, we’ve used an Excel compliance checklist and suggested audit procedures file that we got from your…
- Section 232 – Management Agent
I wanted to get a second opinion from my own on an issue related to Section 232 projects. We have…
- Reserve for Replacement Refund Request
I have a client with eleven HUD nursing home properties, and his Reserve for Replacement is growing large. Several projects…
- HUD Requirements
Hello Les – I’m hoping you can help me with assessing what audit requirements I am supposed to follow with…
- Impairment of Long-Lived Assets
We are looking for industry specific guidance (Low Income Housing) on best practices related to Impairment of Long-Lived Assets. –…
- Equity Skimming Compliance Requirement
I am doing an audit of the a For profit multifamily property. The client falls below the threshold for HUD…
- Admission fees – Gate fees
Three part question. Profit motivated, insurance under Sec 207 pursuant to Sec 223(f). Market rents-no subsidy. Management company doesn't manage…