Frequently Asked Questions - HUD

How can I save money on my required HUD Audit?

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When should I target getting information to my accountant to begin the audit?

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I just took out a HUD loan. Is there anything I need to do as far as registration before my auditor begins the audit?

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Is it wise to review all tenant files on my section 8 property for HUD requirements before the auditor requests a sample?

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I signed a document as part of the loan closing documents called “Regulatory Agreement”. Should I read this document?

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Can I just choose any property manager for my HUD Section 8 property?

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Who should I select in the organization to interface with the external auditor on questions, document requests, etc.?

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I have received a long list of questions from my Contract Administrator. How soon should I respond?

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Is there any advice you can give regarding the REAC filing?

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My company uses its own chart of accounts. Is this OK with HUD?

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