Receiverships and Asset Management
B&R Receiverships and Asset Management
Receiverships & Asset Management is one of the additional services offered by B&R Property Management. We recognize that our Principal Receivership responsibility is to Protect, Preserve and Maintain the Asset as well as those specific responsibilities as contained in the Order Appointing Receiver.
B&R is equipped to provide customized Asset Management for the individual client’s requirements. Asset management is where B&R executes operational decisions according to the client’s pre-described parameters. That includes everything from site selection to ultimate asset disposition, including financing, design, construction, property management and leasing. B&R provides market identification and market recommendation as well as suggesting methods of improving net operating income.
The following are just some of the receivership and asset management services provided by B&R:
COMMUNICATIONS/REPORTING
- Executive-Level Contact
- Monthly Reporting Package to Court and other Stakeholders
- Final Reporting and Transitioning Through Termination of Receivership
MANAGEMENT SERVICES
- Property Analysis and Strategic Development for Receivership Period
- Develop Comprehensive Repairs and Maintenance Plan
- Negotiation of Service Contracts
- Oversight of Contracted Services
- Management of Capital Improvements Projects, if any
- Monthly Financial Reporting
- Timely Response to Maintenance Requests
- Supervision of Staff
ACCOUNTING SERVICES
- Payable and Receivable Management
- Aggressive Collection of Delinquencies
- Property Tax Appeals
- Detailed Tracking of Operating Expenses
- Comprehensive Annual Operating and Capital Budgets
- Insurance/Risk Management
- Payroll and Benefits Management for On-Site Staf
