Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

Account Closed
  • Palm Bay, FL
0
Votes |
7
Posts

Can you help me understand how is this property managed?

Account Closed
  • Palm Bay, FL
Posted

BP Community,

It'll be fairly obvious to you that I'm very new to RE. 

Can you explain me how management agreements work in the State of Florida? I found this while researching a property (this is from the county property search website):

What is really going on here? Are these deeds and Certificates of Title transferred to the management company? These can't possibly be actual sales (look at the dates); besides, at least one of these properties is still listed as being owned by the entity on the second column (First Indirect Name). In some cases the "Consideration" column (not shown above) displays a value of $10, in others what would seem to be a full sale price.

Thank you in advance for your help!

PS. Even though these records are public, I decided to redact the names of all entities involved just in case. I don't think it is relevant but let me know if you need more information

Loading replies...