Turn-Key REO Asset Management Services
If you’re an owner or investor of distressed properties, your goal is to generate cash flow and maximize ROI as quickly as possible. That’s why FirstService Residential Realty (FSRR) offers strategic, customized REO asset management services. FSRRhas proven, fast-starting end-to-end solutions that achieve your short and long-term objectives for your distressed single-family units and multifamily residences. Our extensive experience addressing the specific needs of the REO market helps us successfully create strategies and solutions to maintain and manage your REO assets.
We offer REO asset management expertise and resources of a global real estate leader combined with deep local experience of in-market professionals. This unique combination enables FSRR to successfully achieve the goal of preserving your properties value, increasing rental revenues, while working within regional or community restraints.
Our comprehensive REO asset management and institutional services include adetailed analysis of “cost to cure”, accompanied by estimates of repairs required to make each REO property habitable. We also provide a detailed rehabilitation plan, when necessary, to ensure the property is competitive with comparable homes nearby. Furthermore, FSRR helps you understand how much money should be invested in repairs and/or rehabilitation in order for your REO asset to achieve its optimal rental or sales value.
As the country’s leading REO asset management company, FSRR also makes use of advanced technology capabilities to expedite processes and facilitate real-time decision-making. Our IT infrastructure is secure, scalable, and capable of accommodating volume surges and extended periods of high volume activity. We also offer cutting edge mobile technology, which provides immediate work order processing, inspection reporting, property and tenant reporting by our field employees.
Our REO Asset Management Services include:
- Full-service REO Asset management
- Coordination of
- Property inspections
- Repairs
- Maintenance
- Broker Rent Opinion (BRO) services
- Preparing and marketing property for lease
- Collection of
- Rent
- Assessments
- Maintenance fees
- Timely & accurate reporting with state-of-the-art reporting and management tools
- Managing violations
- Ensuring resident retention
- Timely property expense payments
- Monthly court/creditor financial reports
- Fidelity bonds
- Customized reporting capabilities
- Online images of processed checks and payment coupons
- Online payment services
- Auto-debit payments (“ACH” or Automated Clearing House)
- E-Checks
- Automatic bill-pay processing
- Online banking
- Professional brokerage service