December 09, 2020


13:00 ET


60 Min


Paul Flogstad

How to Prepare for a HUD or Tax Credit Audit
Trending 12/09/2020

Once you get notice of an impending audit you will want to swing into action. Reviews are required on an annual basis for each property. The audits verity’s that property owners and management agents are in compliance with HUD and tax credit regulations.

Audits are stressful and this webinar by industry expert, Paul Flogstad will prepare you with the tools you need to take the stress out because you will know how to be prepared. Paul will walk you through all of the steps of review. By good preparation, you will have a successful audit.

Webinar Objectives

During the webinar Paul will:

  • Highlight tips for a successful HUD and Tax Credit Audit.
  • Give you the information needed to get an “A” rating.
  • Discuss how to correctly set up files, what needs to be included, and other items to watch for.
  • Brief about the physical inspection portion of the audit.

Webinar Agenda

  • What does an auditor look for?
  • Learn various compliance issues
  • How to interact with the auditor
  • How to organize tenant files
  • How to prepare units for the physical inspection
  • What items are needed
  • Best practices
  • How to interpret results

Who should Attend

  • Property managers
  • Property owners
  • Compliance Staff
  • Housing Authorities


Webinar Planet Speaker Paul Flogstad

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, mortgage consulting and brokerage, 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. He also conducts research analysis for impediments to fair housing for grantees of federal CDBG funds. Most recently, he has been a consultant to the City of Sioux Falls and 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 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. 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