R.E.O Agents Must Do For The Lenders!

What property management services do REO lenders ask real estate agents to do?

Real Estate agents are often characterized as the "eyes and ears" of reo lenders. They may be called upon to see if a property is occupied,if the lawn needs watering, or if repairs are needed to improve saleability. The agents to do or to hire someone to do include,but not limited to he following:

• Inspecting the property,such as to ascertain whether it's occupied,to assess damage if any,or to check whether appliances and electrical,plumbing,heating other systems are working.
• Evicting existing tenants or occupants: "Cash for Keys"

• Arranging for the disposition of personal property left behind.
• Re-keying vacant properties or getting the locks changed.

• Boarding up properties for safety or winterizing.
• Obtaining repair estates from contractors and others.
• Repairing and rehabbing property to improve marketability.
• Arranging for trash removal.
• Having the property professionally cleaned.
• Attending to regular maintenance and upkeep of the property.
• Turning utilities on or off.
• caring for the landscaping,lawn and grounds
• providing periodic status reports and C.M.A.s
This is a very rewarding and fun adventure..also very expensive! You must have a plan in motion and be will to work a-lot hours. Unfortunately this is going to be are market for the next couple of years. NOW GET OUT THERE AND GET YOURSELF A GOOD DEAL ON A HOME..

John Hayes

RE/MAX Gold

www.johnhayesrealestate.com



Golf Martini Recipe

8 parts gin 3 to 5 dashes Angostura bitters 2 parts dry vermouth Cocktail olive Combine liquid ingredients in a cocktail shaker with cracked ice and shake well. Strain into a chilled cocktail glass and garnish with olive.