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FirstManagement Partners offers owners of distressed properties a full service, customized management solution to help them generate cash flow and a return on their investment. Owners of single units and multifamily residences alike are afforded strategic management planning customized to their unique needs. Our time-tested systems and protocols allow for rapid implementation – we know time is of the essence when dealing with distressed properties.
We believe a key component to bringing stability to the housing market during this current crisis lies in ensuring foreclosed homes are occupied, thus mitigating losses for homeowners, investors and associations. This provides affordable housing options for residents while creating reasonable investment returns for owners of distressed properties.
Our REO - Asset Management services include:
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Ability to quickly identify problems/issues with a property and immediately work to turn them around and prepare the property for sale or lease
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Proprietary technology products to ensure service delivery and facilitate communication
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Comprehensive property inspections
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Coordination of repairs and maintenance
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Suggest and provide oversight of capital improvements to maximize value of asset
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Full service property management
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Recruit, hire and supervise on-site property manager (if necessary)
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Manage violations
Our experienced team of sales and leasing professionals will develop a sales/leasing and marketing strategy customized for your particular property. Our sales and leasing services include:
- Physical and maintenance preparation of property for sale or lease
- Comprehensive market and/or rental analysis
- Professional brokerage services
- Management of rental units, if applicable, including rent collection enforcement
- Ensuring resident retention
Today it’s more important than ever to make sure the financial affairs of your property are managed by professionals operating with full transparency. Trust FirstManagement Partners to provide financial services including:
- Timely payment processing of all property expenses
- Monthly financial reports tailored to the requirements of the court and secured creditors
- Collections of assessments and maintenance fees
- Assistance in obtaining proposals for service contracts
- Asset performa analysis
- Revenue collection
- Processing of payments via a licensed and insured Lockbox facility
- Multiple banking options
- Year-end financial packages provided for independent auditors
- Fidelity bond
Our national companies share a deep commitment to service excellence and delivering the most professional REO – Asset Management solutions available.
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