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BHM Tax Auction on June 4, 2019

The Birmingham Division of Jefferson County tax auction will be on Tuesday, June 4, 2019. Bessemer Division will be on Tuesday, May 21, 2019. This is a RARE opportunity to attend both of them. They are usually on the same date.

Landlords: Prepaid Rent  1/22/2019

The Alabama Residential Landlord Tenant Act limits you to one month's rent as a security deposit. The only exception is for something that rarely occurs. I've heard differently, but those people with that advice are WRONG. You can collect as much prepaid rent as circumstances and negotiations will support, however. Just remember it is prepaid rent, and cannot be applied to damages or late fees.

Flippers: State License  1/16/2019

Flippers and other investors who intend to rehab a house and then sell it must have a state home builders license or hire someone with such a license to supervise all the work. There are some exemptions, but only for SFR or duplexes that will not be sold within a year after completion. When you apply for your building permits, that is when you must either give proof of licensure, or sign an affidavit about the exemption. A claimed exemption, and then a sale within one year of completion, will land you in hot water. Read full article HERE.