Let us help you
Don’t let a foreclosure or the time leading up to legal action diminish the value of your interest in an investment property. You have the right to protect collateral in distressed loans through court-appointed Receivership.
At Byron Reed Company, Property Management is our ONLY business. We are the leading Receivership Management Company in the Greater Omaha and Lincoln Metropolitan areas. Our experienced, licensed and credentialed professionals will develop both short and long-term management plans that will assure the highest returns possible on the assets. Our services during Receivership protect and increase the value of collateral assets.
Byron Reed’s Receivership Management will protect your collateralized real estate assets from deterioration and waste while preserving lender interest in investment properties with distressed loans. Your interests will be cared for with consideration of the property, tenants and current ownership while stabilizing and enhancing asset values.
Why Byron Reed Receivership Management?
Lenders are not in the business to manage properties and many are reluctant to foreclose because they do not have a management system in place. Byron Reed Company empowers lenders to outsource management with a system to manage their collateral while maintaining its value.
Receivership pays for itself
Effectively preserving your collateral with Receivership Management will ensure the highest return on a property or loan sale. Outsourcing management is capital well spent and the fees associated in Byron Reed’s Receivership Management are offset by greater gains upon disposition.
Preserve value and save time
Receivership Management can greatly reduce the lag time between taking ownership and selling a collateral asset, by using the foreclosure time to prevent waste and decline, maintain, preserve and possibly improve a property.
Prevent waste and deterioration
Receivership Management will assure the property is professionally managed throughout a foreclosure, with constant upkeep and maintenance, minimizing risk inherent with unpaid bills, liens, tenant abuse or ownership misuse of revenue.
It’s your right
As lenders, you have the right to protect your collateral with a third party appointment from a court, to ensure the continued and successful operations of an investment property. Byron Reed will work with you to stabilize distressed properties.
Byron Reed Company works with lenders through the court to protect assets and manage properties. We have proven results and are the leader in Receivership Management in the Omaha and Lincoln Metro areas. The services we provide as the receiver are too numerous to list, but here are just a few:
- Works for the best interest of the property and reports directly to the court
- Protect and preserve assets with independent, third-party management
- Tenant friendly services, focused on re-establishing confidence and care
- Management of all day-to-day operations
- Solicitation and management of contractors, vendors and other third-party agreements
- Controlled payables, with restructuring of payable streams when needed
- Provide specific recommendations for extraordinary maintenance requirements
- Goals, policies and needs of the court, secured creditors and borrowers are administered efficiently and promptly
- Effective management after the receivership period to continue property management
Contact R. Michael Alt today and see how Byron Reed Company can work with you to stabilize and enhance your asset values.