REO Property Management Services Your Provider Should Offer
REO properties can bring in big bucks for your business — but, if issues arise, they can also be a big headache. The key? Finding a property management provider you can trust to watch over investment. However, there’s a kicker — while property management can be great to outsource, they’re not all created equally.
The thing is, there are several things you should be able to count on when it comes to your property management provider. If you can’t count on them, there’s no point. Here are all of the REO property management services your provider should offer, from property preservation to eviction lockouts.
Property preservation services
Property preservation is a massive piece of the property management puzzle, as it’s what keeps your property up and running… even when no one’s occupying it. The proper REO management provider should be able to ensure everything from securitization to repairs, essentially making sure the property is preserved at the best level possible. This also often goes for rent payment handling and anything connected to tenant relations.
Some of the services falling under the property preservation umbrella would include:
- Ongoing maintenance and repairs, as needed
- Rental and lease agreement management
- Rehabilitation and renovation services
- Securitization services
- Seasonally required maintenance
- Re-keying services
- Making the home ready for new tenants
Property condition inspections
Property condition inspections are also something you should count on your property manager to be able to complete. Whether it’s time to purchase a new REO property, to sell a new REO property or even to lease one, your property manager should be able to administer an inspection you can trust. This is key for a couple of reasons, from valuing your property properly to ensuring you (and your tenants) are properly covered in case of damage.
Eviction lockouts are one of those things that property owners don’t think about until it’s too late. In short? They can be a pain. By finding a property management company that takes care of eviction lockouts, you’ll stay in legal compliance while staying sane… and what’s more important than that? The truth is, eviction lockouts should be left to someone you can trust anyways — and that’s a good property management company.
At VRM Mortgage Services, our job is simple: to meet the needs of our clients and their properties, no matter if we’re dealing with a house or a massive office space. With rental property management services that go the extra mile (and then some), we’re the team you want on your side. Give us a call today.