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Updated over 8 years ago on . Most recent reply

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

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