REO Rental Management

(REO Property Management)

 

Corporate Realty Services offers REO rental management solutions to investors nationwide on single and multi-family residential homes.   We help promote descent housing and elevate ownership interest to many of our prospect tenants.  All tenants are equally screened, and qualified candidates are placed into a six or twelve months rental program, follow by mortgage education and a pre-qualification process determined to lead into a purchase.   The majority of prospects buyers have very little knowledge about mortgage financing and many of them have not even seen a 1003 mortgage application.   Our goal is to educate consumers, promote affordable housing by investing in our communities and to stop the continued volume of foreclosures in local neighborhood markets.  By stabilizing local markets we can effectively transform  less desirable homes into admirable houses, raise ownership pride, and create a better economy for our neighborhoods.           

REO Rental Management - We can help you manage and turn your non-productive REO assets into monthly income producing capital.  Corporate Realty Services screens all tenants using factual data tenant score system (Equifax, Experian, and Transunion) which checks for prior rental history, debt income ratios, and credit scores. Additionally, we call all references, employers, and prior rental management companies to ensure good paying tenants.  As your REO property manager, we provide you with complete management on all of REO rental and send you a monthly reconciliation report with a check.   You will have access to your rental properties online 24/7, including rental status, property maintenance, and tenant details.  We use state licensed real estate attorneys on all of our real estate needs and state approved forms including our lease agreements and notices.    

 

 

 

Features and Benefits:

 

  • Stop Deterioation - as the homes are maintained and occupied, the property will stop deteriorating and begin appreciating.     
  • Income Producing Property- the property will begin to produce capital cash flow and offset losses you may have incurred as an REO.
  • Increased Market Value- the value of the homes will spike up as a result of good maitenance and responsible tenants.  
  • Future Buyer - by using our well-manage tenant screening services we are able to match the right prospect/buyer to your property.
  • Decrease Recurring Monthly Maintenance the tenants will be responsible for most of the recurring expeses reducing your obligations.
  • Happy Neighbors - most neighbors are happy to see vacant homes get filled with prospect buyers. 
  • Contribution to Local Market Economy - as home ownership pride continues to grow, the local market economy will scale up.   
  • Municipal Compliance- we  help ensure that all properties are maintained within municipal code and avoid any nuisance.
  • IAG  and Regulatory Compliance - we follow best landlord/tenant practices and meet IAG regulations and HUD housing requirements.
  • Monthly Reporting - you will get a reconcilliation report with a check for all your properties and details of all incomes and expenses. 
  • Monitor the Value - you may order any of our valuation products to monitor the value of your portfolio.   

 

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