Bruce D. Kowal
§1031 Exchange QI Selection: Operational Competency Red Flags (Part 2/3)
15 January 2025 | 1 reply
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!
Audrey Sommer
Texas Laws on Out of State Investors
9 January 2025 | 8 replies
A couple weeks ago, I was talking to a texan resident that came up to Washington State to help the company I work at, train our team for a new product launch.
Dustin Horner
Hiring FT or PT
6 January 2025 | 5 replies
This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier
Nicholas Stout
Landlord getting into section 8 rentals. Any Tips?
9 January 2025 | 17 replies
The first one is likely to be rigorous.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
11 January 2025 | 7 replies
You can ask (if it's not obvious) what the nature of the disability is and what task(s) the dog has been trained to perform.
Marquell Proctor
Hello BiggerPockets! New PRO here
7 January 2025 | 2 replies
Outside of real estate, I enjoy Working out, training my German shepherd, and traveling with my family.
Jonathan Abrado
Pace Morby Gator Method Course Review
7 January 2025 | 150 replies
He gives us the contracts and training to protect ourselves.
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
14 January 2025 | 33 replies
I also purchased the "training/coaching" and received very little support and what I did receive was not very valuable.
Tristan Kublanov
How to get more leads
14 January 2025 | 2 replies
And you are saying agents, the ones trained to do real estate are messing up the deal, and not you?
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Property Managers:While realtors are great at buying and selling homes, most aren’t trained in the intricacies of tenant screening.