The use of a qualified court appointed Receiver to recover or preserve the value of a real estate asset is critical. Jenel Management, LLC is fully qualified to provide comprehensive receivership services for residential and commercial properties. Whether the asset is distressed or stable, we implement a course of action that is designed to keep the property safe, secure, and profitable.
By temporarily assuming the role of “owner” of properties on the verge of bank foreclosure, we assume complete control of the property, from the mortgagor, including control over the collection and application of all rental income from the property. To preserve the property, we pay all operational expenses and perform managerial functions as directed by the court. Routine reports are made to the court, and bond is posted when required.
• Insures that all necessary expenses such as real estate taxes and insurance are current
• Addresses all immediate and on-going repairs promptly
• Provides lender confidence that the mortgagor is not misappropriating rents for uses other than the maintenance and upkeep of the property
• Monitors existing tenancy and focuses on tenant retention during the foreclosure process
• Responsible for evicting non-paying tenants
• Markets current and upcoming vacancies
• Eliminates waste by analyzing expenses and existing service contracts
• Works to eliminate vandalism and to preserves overall property integrity
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