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Southaven

Mississippi

Short Term Rental FAQs for Southaven, Mississippi.

How restricted are short term rentals in Southaven?

Light Restrictions

Does Southaven,Mississippi have any regulations for short term rentals?

No current regulation concerns

Does Airbnb automatically remit taxes for short term rentals in Southaven?

Currently, Airbnb is collecting and remitting taxes on behalf of the host.

What are the city taxes for Southaven

Mississippi State FAQs

Is Mississippi a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

As a real estate investor, it is important to understand the differences between judicial and non-judicial states because it can affect the amount of time and money it takes to foreclose on a property. It can also impact the availability of properties that are being foreclosed on and the process of purchasing those properties.

What is the process of closing on a property in Mississippi?

Attorneys conduct real estate closings. Conveyance is by warranty deed. Deeds of trust are the customary security instruments. Foreclosure involves a non-judicial process which takes 21-45 days. Mississippians use ALTA policies and endorsements. Buyers and sellers negotiate the payment of title insurance premiums and closing costs. There are no documentary, mortgage, or transfer taxes. Property taxes are payable on an annual basis and become delinquent February 1st.

Property Taxes in Mississippi?

Due annually and become delinquent February 1st

In Mississippi, does a property management company require a real estate broker's license?

YES. Key components of property management (managing, renting and leasing) are considered real estate brokerage services under existing Mississippi real estate licensing laws. If a property manager is going to lease, rent, manage, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Are there any exceptions to the requirement that a property manager have a broker's license in Mississippi?

YES. For example, bona fide owners of property and their salaried employees who are engaged in property management in the regular course of business are exempt. For more information about these and other Mississippi property management requirements and exceptions, please contact the Mississippi Real Estate Commission. Before hiring a property manager to manage your Mississippi rental property, you should always check that he or she is licensed appropriately. You can check the license status of Mississippi property managers at the Mississippi Real Estate Commission's "Find Licensee" webpage.

Do you need a broker's license to manage community associations in Mississippi?

There is no requirement that a community association manager or condo association manager in Mississippi hold a real estate broker's license. In addition, no separate license is required.

Real Estate Broker Requirements

Mississippi real estate broker licensing requirements include: - Trustworthiness: must provide Commission with evidence of trustworthiness - Experience: must have had an active sales license for twelve (12) months immediately preceding application - Education: must complete 120 classroom hours of real estate courses from a college/community college or from a Mississippi approved pre-license education provider. - Residency: Resident of Mississippi when application is submitted (although there is an exception for those obtaining non-resident licenses) - Age: must be 21 years of age or older - Exam: pass the broker licensing examination - Application: must complete application

Real Estate Salesperson Requirements

Mississippi real estate salesperson licensing requirements include: - Trustworthiness: must provide Commission with evidence of trustworthiness - Education: must complete 60 classroom hours of real estate courses from a college/community college or from a Mississippi approved pre-license education provider. - Residency: Resident of Mississippi when application is submitted (although there is an exception for those obtaining non-resident licenses) - Age: must be 18 years of age or older - Exam: pass the salesperson licensing examination - Application: must complete application

How do property ownership transfers work in ?

Warranty deed

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

WaterSense Webinars

WaterSense, a subset of the US EPA, puts on sustainability webinars that have different focuses.

Volunteer with 4Ocean

4Ocean offers volunteer opportunities for those looking to join one of their ocean clean-up events/groups.

Paint Drop-Off Locations - PaintCare Inc.

PaintCare makes it easy to recycle leftover, unwanted paint. PaintCare operatespaint stewardship programs on behalf of paint manufacturers in states that have passed paint stewardship laws.