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REO Asset Management

Turn-Key REO Asset Management Services

If you’re an owner or investor of distressed properties, we can help you generate cash flow and maximize ROI as quickly as possible. Greater Las Vegas Property Management (GLVPM) offers strategic, customized REO asset management services. GLVPM has proven fast-starting end-to-end solutions that achieve your short and long-term objectives for your distressed and multifamily properties.  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 GLVPM 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 a detailed 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, GLVPM 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 Las Vegas leading REO asset management company, GLVPM 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 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 and Comparative Market Analysis (CMA) service
  • 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

Contact Greater Las Vegas Property Management today to find out how we can help maximize the value of your REO Assets.