Why REO Property Preservation is Key
When it comes to protecting your REO investment, one thing should always come first: utilizing property preservation services. It’s simple, really — REO property preservation is key in making sure that the property you’ve spent money on is taken care of the right way.
By using property preservation services from the jump, you won’t be taken by surprise by massive issues left from a forgotten home or building. In fact, property preservation is key to making sure your property is never forgotten in the first place. Here’s why property preservation needs to be at the forefront of your mind when it comes to protecting your investment.
What is property preservation?
Property preservation is a combination of services built specifically to keep your REO property in mint condition, whether through client-specific maintenance or even re-keying services. While property management can often be a headache, working with the right provider can help you preserve your property minus the stress.
With property preservation, your REO investment will be taken care of by a team dedicated to your specific needs. By employing property preservation solutions, you’ll also guarantee that your property isn’t losing value that could have been otherwise avoided.
What does property preservation include?
There are many factors in property preservation services, firsthand being typical maintenance that, if left untouched, can lead to a quickly lowered home value. In addition, property preservation includes other categories like boarding and safety repairs.
Here’s what you can expect from the right property preservation provider:
- Re-keying and securitization
- Boarding to prevent vandalism or other risks to the property
- Property maintenance
- Personal property and debris removal with complete documentation and photographs
- Preparation for sale or conveyance
- Safety repairs, and ongoing, client specific maintenance
At VRM Mortgage Services, we’re dedicated to solutions that make sense for our clients — and that includes property preservation services geared towards protecting your REO investments the right way. Are you ready to add property preservation into your investment’s wheelhouse? Give us a call today.