Property Management / Receiverships
Quantum Real Estate Solutions, through an affiliated company Quantum Real Estate Management LLC, is a premier multi-family management firm focused on the bottom line profitability of our client’s properties. Quantum’s principals have over 30 years of multi family management experience. Quantum has strategic relationships with other property management firms to cover the entire spectrum of commercial real estate. We believe in integrating our property management services with our client’s current leasing platform into a single focused effort to achieve maximum results. Quantum is dedicated to the profitability of each property and utilizes a structured yet evolved management strategy to keep costs low and income high throughout changing economies and markets.
Quantum’s current management portfolio contains properties that have been especially hard hit during the current recession. Vacancies were high and rental rates were dropping. In each case, new management increased the performance and profitability or each multi family project.
Our program commences with a detailed and systematic evaluation of each property that allows quantum to formulate profit objectives, set timeline expectations for our clients, and obtain a firm grasp on the current leasing efforts. We evaluate all fees associates with the property including taxes, insurance, property management, common area maintenance, advertising and extraordinary expenditures. Quantum analyzes these operating costs of operat0ins to our model to determine which areas can be improved. Our clients are consistently updated on the progress towards our property goals at predetermined time benchmarks.
Quantum has a strategic relationship with a firm that specializes in private or court ordered asset solutions, receiverships and workouts on behalf of the lenders and/or developers. Quantum is exceptionally positioned to assist the client in need of financial reorganization or alternative financing.
Key Benefits of a Receiver
- Preserve value and prevent pre-foreclosure waste
- Provides a “running start” on asset management work prior to a foreclosure
- Receiver can obtain all documents from a borrower (Court order)
- A lender can avoid taking title to real estate which helps limit liability.
- Physical work on assets prone to litigation (i.e. Condominiums) can be completed under a separate entity, not hired by a lender.