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How to Work with Asset Managers! By the REO Institute

By
Education & Training with Browning Real Estate School/REO Institute

·         Asset Managers expect you to be an expert in your area and to know what needs to be done to sell properties.

·        Be professional and prepared.  Understand their work load. Whereas you may have 10 listings, keep in mind the average Asset Manager portfolio ranges from 200 – 400 properties. Always consider solutions to problems in advance of contacting them. Take the initiative to resolve things not needing their attention. For example, should you arrive at one of your properties and find two tires dumped on the front yard, just remove them yourself, instead of contacting Asset Manager for approval to get bids for removal. Never complain. They don’t want to hear about it and you will be remembered for being whiny. Always communicate via email whenever possible. Be respectful of their time. Be patient while waiting for their response. Do not keep reminding them you are awaiting their response.

Posted by

James A. Browning MRE, CIPS, CDEI, REOCertified®, CEC, BPOR, ShortSaleCertified®, SFR

NAR, ABR, REBAC, CAR, CREOBA, REO Institute, National Speaker/Educator

CEO, Founder, REO Institute

Author, Best Selling: BPO & REO Simplified, "How to Work With Asset Managers"!

Office: 303-465-2889

Cell: 303-668-7053

Fax: 303-465-3778

Re1agent@aol.com

www.BrowningRealEstateSchool.com

www.REOInstituteColorado.com

 

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

James - Great tips for working with asset managers.  It's a tough business and your suggestions are a good way to keep your relationship with your asset manager a productive one.

Nov 14, 2011 05:02 PM