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Asset Managers - Do You Know The Whole Truth About Your Assets?
Asset Managers - Are You Getting The Whole Truth on Your Assets?
 
At risk of potential Realtor backlash I'm putting this blog out there to Asset Managers.  I can only imagine the job you have of trying to stay on top of your Assets; having to understand each individual market is next to impossible on your own so you have to rely on the help of team, data, appraisers, bpo agents, and most importantly your REO agents.  
 
To help you, here are a couple of interesting developments I see regularly that are costing you money and my buyers opportunities:
 
The out of area Listing Agent.  
Many of you assign assets based on office proximity.  You want to make sure that, if the agent you assign is in a different county, they have local MLS access.  One of my favorite tricks for helping my Buyers get below market assets is to log into the MLS for the next County north of me. Lots of local listings and no one near your asset knows it.  And that means lower price for my clients and more loss for you.  I am in San Diego County and many of my Buyers ... more

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