Platinum Real Estate Network, Inc., is a full service Real Estate company that works in a professional manner to help you with the liquidation of your REO’s. We add another level to your recapture process by providing you with the information that is necessary for you to make proper business decisions throughout the process of disposing of the asset.
Services are provided Nationwide using a proven Broker Network that works! You make just one call and we will take care of the Asset Management and sale for you
Our services include the following:
Inspect, re-key and secure property.
Start and complete the unlawful detainer action.
Arrange for utility services.
Obtain bids for clean up and repair.
Coordinate all repairs to ensure they are completed timely and in a professional manner.
Prepare a BPO that reflects the current market value of the property.
Aggressively market the property and place the listing in the MLS
Maintain the property for showing purposes
Communicate all offers and negotiate counter offers.
Provide monthly status reports.
Open, coordinate and CLOSE escrow.
Here are just a of the few benefits of using Platinum Real Estate Network, Inc. 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 Network, Inc. will provide your office with 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 Network, Inc. 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 cost and maintenance
Platinum Real Estate Network, Inc. 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 Network, Inc., not several different vendors, greatly reducing the demands on your accounting department.
4. Cost 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 $1,500.00 to $3.500.00 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.