== Pre- Marketing, Property Preservation, and Setup
Occupancy reports within 24 hours
Monitor redemption periods
Cash for keys, continuation of a tenancy relationship or unlawful detainer determination
Eviction coordination, including attorney support, lock-out, and moving and storage
Securing, re-keying, and winterization; lawn care, trash-out, ongoing maintenance, cleaning and repairs as required
Full BPO/CMA with exterior and interior photos
Initiating and maintaining all maintenance services
Obtaining updated title reports
Determine with title any HOA and obtaining status of dues and assessments
Monitor all utility bills and expenses. Complete accounting for each property
==Marketing, Offer Managementand Closing
Determination of value after careful consideration and analysis of the BPO, listing “as is” vs. “repaired”, and direction of current local market conditions
On-going review with real estate agents to determine optimal marketing
Manage all offers using pre-determined guidlines from client; overseeing the entire offer process.
Coordinate complete closing process and procedures
==Reporting and Accounting
Provide monthly status reports including expenditures, time on market, and sales price to value
Custom reports as requested
Submit complete closing file and final invoices
BSM uses a Repair Cost Express spreadsheet that responds to the need to estimate repairs on the growing number of residential properties now in or entering the foreclosure market. The program provides a useful product for establishing repair costs to increase the speed of marketing time for all transactions.
To date, many say the real estate industry has faced a lack of standardization for repair costs and has been challenged to generate reliable estimates in determining value for properties in “as-is” condition vs. “as-repaired.”
The goal of BSM is to give investors reliable and trusted industry-standard tools for understanding and validating repair costs at a time when troubled assets in disrepair are driving billions of dollars of expenses.