Surprise, It Applies to You: Lead Paint, the EPA, and One Real Audit

You've probably never heard someone tell you what it's actually like when the EPA audits your rental business. Al Romero just went through one, and he's telling us everything. Al is the broker at ARK Property Management in York, PA. In August he got an email, a seven page letter, and a request for three years of files. He walks us through what they asked for, how they picked which files to look at, the four hour sit down, and the one thing you should never do when that letter shows up. Before we get there, we cover what every investor with a rental built before 1978 has to do, the lead paint myths I hear all the time, and why the rules got a lot bigger for property managers in 2022. Resources mentioned Al Romero and ARK Property Management https://www.arkmanagementpa.com/ Al on LinkedIn https://www.linkedin.com/in/al-romero-proptech/ EPA: Real Estate Disclosures About Potential Lead Hazards https://www.epa.gov/lead/real-estate-disclosures-about-potential-lead-hazards EPA pamphlet: Protect Your Family From Lead in Your Home https://www.epa.gov/sites/default/files/2014-02/documents/lead\in\your\home\brochure\land\b\w\508\easy\print\_0.pdf EPA sample lead disclosure form for rentals https://www.epa.gov/sites/default/files/documents/lesr\_eng.pdf Hold It with PM Jen https://www.holditwithpmjen.com Get my newsletter https://subscribe-forms.beehiiv.com/09f5c28c-9468-44b5-8f66-c102b3459226 I am a property manager, not a CPA, an attorney, or a financial advisor. Nothing in this podcast is advice for your specific situation. Talk to your own team before making moves. Hold It with PM Jen is the show for early and mid career buy and hold investors who already know how to buy. We focus on the hold. #RealEstateInvesting #BuyAndHold #RentalProperty #LandlordLife #LeadPaint #EPA #RRP #PropertyManagement #LandlordTips #HoldItWithPMJen