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Keeping Your REO Asset Managers Up to Date – A Quick Email Goes a Long Way

by REORockstars | Jan 6, 2017 | REO Articles, What's Working NOW in REO Articles

When you begin handling hundreds of properties at once you’ll very quickly understand the value of controlling unnecessary phone calls and emails. Look, this business is just like any other. You can’t leave your clients “hanging” and not expect...

Multiple MLS(s) – Don’t be “CHEAP” just because you are handling REOs!

by REORockstars | Dec 2, 2016 | REO Articles, What's Working NOW in REO Articles

This one is so easy guys that I cannot even believe how prevalent this problem is here in GA. I don’t know how it is in other states, but here we have TWO MLS systems. One is much more popular in suburbia and Metro Atlanta, the other, while it does cover the...

CHEATING on Utilities..You LOSE!

by REORockstars | Oct 6, 2016 | REO Articles, What's Working NOW in REO Articles

OK so “floating” costs for REOs can be REALLY expensive, but it is a necessary evil and you need to be able to handle your responsibilities or you need to get out before you are FORCED out! I know far too many brokers who wait until contract time before...

Are Fee-Based BPOs REALLY a Good Way to Get REO Listings?

by REORockstars | Oct 4, 2016 | REO Articles, What's Working NOW in REO Articles

I guess if you’re into a lot of cruel self-punishment and are too spineless to get out there and get yourself some face time with Asset Managers then your answer might be NO….but if you want to be an REO Rockstar then you’ll delete every damn...

Are You Inspecting the RIGHT REO Property? Practice Preliminary Diligence

by REORockstars | Sep 28, 2016 | REO Articles, What's Working NOW in REO Articles

Often an new REO assignment comes in the form of an email with an address and asks you to “check occupancy”. A good practice is to reference the tax records for the subject property BEFORE you perform your initial inspection. Every once in a while...
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