PLATINUM REAL ESTATE SERVICES is a full service REO Asset Management Company. We handle the transaction from Trustee's Sale to CLOSE OF ESCROW.
Services include but are not limited to:
- Occupancy status
- Cash for Keys agreements
- Evictions
- Sherriff s lockout
- Change of locks
- Securing of property
- Trash outs
- Property maintenance and improvement
- Marketing
- CLOSE OF ESCROW
Here are just a of the few benefits of using PLATINUM REAL ESTATE SERVICES for your REO Asset Management needs:
I. ONE POINT OF CONTACT
It will not be necessary to contract with several different real estate agents and employ staff to compile and input status updates into a database to track the numerous assets in your portfolio. PLATINUM REAL ESTATE SERVICES will provide your office with daily, weekly & monthly updates in a consistent report format, greatly reducing staff time on the phones & e-mail following up with real estate agents for status updates etc.
2. CONSISTENT LISTING AGREEMENTS & PURCHASE AGREEMENTS
Many Real Estate Brokerages require their own contracts and disclosures be utilized for each transaction. PLATINUM REAL ESTATE SERVICES will provide consistent contracts for each transaction compliant with the California Department of Real Estate and California Statute establishing consistency for your staff and mitigating errors.
3. STANDARDIZED BILLING FOR COSTS AND MAINTENANCE
PLATINUM REAL ESTATE SERVICES requires all of our agents to submit comprehensive invoices, proof of payment for all costs of utilities, maintenance and/or other expenses as well as supporting digital photos of completed work, related to each asset. We also require ADVANCED WRITTEN APPROVAL for any improvements or expenses. We then submit an invoice to our client with supporting documentation and digital photos for reimbursement. Our clients only need to remit payment for costs to PLATINUM REAL ESTATE SERVICES, not several different vendors, greatly reducing the demands on your accounting department.
4. COSTS AND OTHER EXPENSES
Each property will be unique in regards to taking possession based on the occupants and their willingness to cooperate and vacate. The eviction fees & costs can range from $500.00 to $2,000.00 depending upon how far into the process we need to go. Our agents will be present at all necessary appearances and lock out dates, eliminating the demands upon your staff to need to appear.
Each property will also be unique in regards to any improvements and/or repairs needed for marketability standards, also based on the occupants care and maintenance during possession. We will always provide multiple written bids for any necessary or recommended improvements and repairs and will not incur any costs without prior written approval. We will also provide before and after digital pictures to confirm completion of said work.
Please feel free to contact us if you would like any additional information or sample documentation.
Sincerely,
Mitchell Willet
President & Broker
31194 LA BAYA DRIVE • SUITE 106 • WESTLAKE VILLAGE, CA 91362
PHONE 818-991-7711 • FAX 818-874-9500 • E-MAIL
