Recorded Webinar

Handling Security Deposits and MOR in Compliance with HUD

Duration: 60 minutes Speaker: Paul Flogstad

Available On-Demand

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Download link will be emailed for single user access with handouts. Available in 3-5 business days, after Live Event. Never Expires.
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PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.
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Recording With License to Share
Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.
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ABOUT THE EVENT

In this webinar, we will discuss how to handle security deposits correctly and how to be in compliance with HUD guidelines as well as local state rules. This is one of the items covered in an MOR and we will cover some additional topics that come up in MOR reviews.

Learning Objectives:

  • How much security deposit is allowed?
  • How long may I keep the deposit?
  • Can I use first and last month’s rent as deposit?
  • How long do I have to return it?
  • What can be taken out of security deposit?
  • How do I establish charges of items taken out?
  • What is normal wear and tear?
  • What are the steps is handling MOR findings?
  • How do I respond?
  • How long do I have to respond?
  • What is the typical MOR procedure?

Who should attend?

  • Property Managers
  • Property Owners
  • Public Housing Authority Staff
  • Maintenance Staff
  • Compliance staff
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Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples. It is a great resource for anyone.

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