Sustainable Receivership & REO Services
“Disclaimer: We are not Receivers, and the information provided here is not to be construed or interpreted as legal knowledge or Legal advice. This page is designed for Court appointed Receiver’s and Financial institutions seeking REO Services. Please consult an attorney for any Legal advice.
The information provided here is to inform potential ‘Receivers’ Financial institutions in need of our services, and that our service as a ‘Receivership Coordinator and Property Management Supervisor services and REO Services are available, when needed.
Our REO services can be done in-house, or by your unique requirements. We are not a Commercial Receiver, and our experience extends only into Multi-family, apartments and condominiums. We have worked with properties throughout Los Angeles and Los Angeles County, from Long Beach, West Los Angeles, Mid-town, the Wilshire District, all of South Central, North, East and Central Los Angeles, North Hollywood, San Fernando Valley, Highland Park and San Gabriel Valley.
Our focus is to try and concentrate our services on the core of the City and in that way, we are not spread over to wide of area to service adequately or in an emergency, while at the same time we recognize that the area does not dictate the need, but the Client’s property investment does. This is all determined by the number of properties assigned. While you will not know when or where the assignment will come in, it’s important that your available resources are aligned with your commitments.
After a complete, and thorough investigation of the Real Estate existing management operations have been done, we then formulate the most effective strategy going forward with the property. Among the many items that must be addressed are, to receive and maintain possession of all documents, books and records, Contract for needed repairs (many will need immediate repairs) and most important, return the Real Estate to its optimum status.
After planning and evaluation, we then establish the ‘work to be done’. We provide Asset Property Management, inspection services, Property preservation and eviction services. To establish this, we turn to our evaluation, because knowing the nature of the receivership is critical. Whether it is a simple or complicated restructure, or something completely different, such as watching over property until differences are worked out, we will work to find creative ways for the work-out times and facilitate turnarounds in a less costly and quickest time possible
Under certain circumstances, a ‘health and safety’ receivership which would require emergency situations because this is an all-inclusive and systematic process that requires rapid, extraordinary and a speedy response. This is where we have gained majority of our experiences from with these type ‘properties’ and we understand how to respond to these situations.
Evaluate & Improvement
Our ‘sustainable property management’ services, can help coordinate the environmentally friendly maintenance and repair of properties, providing superior long-term value and return on investment for the property owners, as well as provide a healthier living situation for tenants. The added area knowledge of Los Angeles communities and neighborhoods, together with our real estate knowledge and experience, stretching over many years can provide unique insights into areas such as BOV or BPO, ‘a broker opinion or value, can add valuable information, that can assist the ‘broker and client.” Valuable insights that can only be gained through experience, on the ground.
DUE DILIGENCE –
¨Above all only act or perform duties and actions that are in the best interest of the parties to the action.
¨Never do anything associated with the property for the benefit for ‘your’ own best interest.
¨And at all times perform one’s best duties in the best interest of the parties of the ‘said’ property.
Result
Our unique position in the industry as a small minority owned business, and as a Licensed Real Estate Agent along with being a LEED GREEN ASSOCIATE coupled with our over 25 years of conducting direct services in a number of disciplines all here in Southern California, makes us an ideal candidate to partner with and or select as a team member. We have worked as a Receivership Coordinator and Property Managers’ Supervisor and have a complete understanding of what and how a ‘Court appointed Receiver” works and can perform all of the duties and responsibilities associate with the profession. Considering the complexity of ‘receiverships’ and the growing popularity and many opportunities that going green and sustainable, has to offer, 1stPOSS can be knowledgeable and trustworthy professional to partner with.