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Receiverships

American Property Management Inc. has the experience needed to provide effective turnaround and receivership services for multi-family real estate assets. APMI responds quickly and effectively to provide excellent reporting, consulting and management services acting as receiver. From the initial property condition report through the sales or recapture process, American Property Management Inc's goal is to not only protect the asset, but also increase its value.

APMI provides the following services to ensure the condition of the property and its assets are protected and improved throughout the receivership process:

  • Identify local counsel and other necessary professional service providers
  • Obtain receivership bond
  • Secure and protect the property and its assets
  • Complete property inventory
  • Perform lease audit and occupancy verification
  • Secure property related cash, including resident security deposits
  • Set up and report on bank accounts and movement of funds
  • Provide a full property condition assessment, including life safety and capital expense review
  • Develop operating budget
  • Verify insurance coverage is in place and current
  • Ensure payment of expenses, including the management of pre-receivership expenses
  • Review property taxes to assess potential delinquencies
  • Provide accurate and timely monthly reporting, including full accrual accounting and summary of property operations
  • Conduct marketing and leasing services
  • Perform area market survey
  • Manage tenant compliance
  • Supervise vendor relations and performance

American Property Management Inc can also provide the following construction and rehabilitation services through its affiliate American Home Builders:

  • Construction and rehab consulting
  • Budgeting for construction and rehab
  • Sub-contractor pre-qualification
  • Design and construction of multifamily project additions and value-add projects
  • Design, repair and rehab of current buildings
  • Site supervision and management

We also provide additional services available in the disposition of receivership properties:

  • Due diligence
  • Brokerage services
  • Financing

With over 80 properties developed and managed and 50 projects acquired or disposed, we have the expertise to ensure your interests are protected. For due diligence services for any market, LIHTC assets, or for more information on how our property management services can improve the provided services and financial viability of your HOA, contact us today! If you are interested in learning more about American Property Management Inc and our receivership services please email as at info@acg.com or call (425)709-7256.