OPERATIONAL COMPETENCY CHECKLIST 📋DOCUMENTATION HANDLING 📑Clean, professional exchange documentsPrompt response to document requestsClear tracking system for deadlinesWritten procedures for identification period complianceSTAFF EXPERTISE 👥Dedicated exchange coordinatorsLegal counsel on staff or retainerClear escalation proceduresContinuous training programsWARNING SIGNS OF INCOMPETENCE 🚩Confusion about basic §1031 rulesUnable to explain identification rules clearlyMissing or inconsistent tracking of key datesPoor communication during critical periodsNo backup personnel for your coordinatorTECHNOLOGY INFRASTRUCTURE 💻Look for:Secure client portalsAutomated deadline notificationsElectronic document storageReal-time transaction trackingCOMPLIANCE RED FLAGS 🚨Suggesting aggressive interpretations of §1031Unwillingness to provide written guidanceCasual attitude toward identification rulesPushing timeline boundariesEXPERIENCE MATTERS!

In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes (shown in blue in the chart below):And that’s a big deal.

Luckily this apartment just needed touch up a cleaning.

Thanks @Chris Seveney and @Jonathan Greene !!

They just moved out and the house needs some cleaning up.

No more messing around.If they get out without issue, fix and clean whatever was done and thank your lucky stars you got out with minimal problems.

Avoid vague descriptions like, “I just want to clean it up, paint, and do some small repairs.”

This ensures a clean transition of ownership and responsibility for insurance purposes.

I realize that commercial investing is more in-line with my goals, so I have wiped my slate clean and ready to start over from the beginning.

I HIGHLY suggest you connect with a local expert such as @Josh Green.