Property Management within Real Estate Investing

 

In real estate, property preservation is the process of caring for and maintaining both the interior and exterior of a foreclosed property, be it vacant or occupied. Property preservation retains the values of properties, ensuring that physical deterioration does not hurt the bottom line of real estate investors. Property preservation businesses work with banks and asset managers to perform a variety of services such as repair, inspection, insurance claim management, and maintenance.

 

Strategic Property Preservation, LLC is a subsidiary of Mioym that provides regulatory-compliant residential and commercial property preservation services. Our firm acts quickly and effectively to ensure that each property is secured and maintained in accordance with applicable investor and insurer guidelines. We have a nationwide network of field service professionals that deliver timely and cost-effective performance and service. With rush and Saturday service, we’re there for our clients when they need us. Some of our services include securing, winterization, lawn maintenance, snow removal, HUD Convey Maintenance, and Orderly Occupancy Termination. Since we tailor our services to the needs of every client, our inspections support occupancy verification, secondary mortgages, trust administration, foreclosures, bankruptcies, collections, and much more.

 

Strategic Property Preservation provides loss mitigation inspections in support of loan modifications (HAMP), short sales, and deed-in-lieu-of-foreclosure programs. In addition, our trained field specialists provide on-site document delivery and notary services, as well as cash-for-keys negotiation and resolution. We also conduct loss draft and casualty loss inspections of residential and commercial properties subject to an insurance claim to determine the extent and nature of damage to the property while confirming that the appropriate work and repairs are taking place. Based on the scope of work, our inspector can also determine the percentage of work completed. As a result, we have the ability to alert our clients if repairs are not proceeding according to schedule. This way, we ensure that funds are not released until work has been completed. What’s more, our firm provides FEMA home inspections. FEMA inspections are conducted to determine property damage resulting from a presidential-declared public disaster. Our inspectors attempt to determine repair and rebuilding intentions while detecting the presence of mold, repairs undertaken, and the condition of surrounding homes.

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