Over the years, we have built relationships with highly skilled and reputable resources that have assisted us in preparing properties from the day of assignment, to the close of the transaction. They make us look good, which allows us to make you look good!
Initial Preservation and Maintenance
There are usually many people involved in reaching the same end goal. Sometimes our client’s clients need to step back and let us do what we are fantastic at – Preservation and Maintenance. We understand there’s a possibility that our client’s client has already started working with their own P&P vendor during Mitigation and Foreclosure. Using our procedures and network of vendors, we are able to get the most reputable, reliable contractors for these tasks.
Our preferred vendors bill according to HUD guidelines for routine property preservation. Larger repairs such as boarding windows and door replacement may require bids from several vendors in our network. We will get the bids, present to our client and get approval for these larger tasks. If previous vendors were used, we may need to supervise a re-key of the property. We take care of these tasks. It’s what we do.
We will also get and submit bids for trash and debris removal that do not fall into the “emergency” or “life-safety” categories. We work directly with Rural Development/ USDA properties and will follow those procedures for vendor approval.
In the case of emergency repairs and life-safety issues, we will work with our client to have emergency repairs completed to protect and preserve the property. These repairs may include, but are not limited to:
- Securing and/or re-securing a property.
- Tarp or otherwise cover a leaking roof.
- Correcting property conditions that present an immediate, inherent danger and that may cause immediate or significant damage to the property.
Ongoing / Monthly Preservation & Maintenance
We secure the most competitive pricing from reputable vendors who are recognized for quality work, licensed, bonded and insured as required. We are on top of every task and meet our deadlines, including our vendors, at a rate of 98%. Any cases that require work beyond these limits will be submitted to our client for review and approval. We realize that sometimes this will require additional competitive bidding. We handle all of it.
Once the property becomes vacant and is out of any redemption, ratification, confirmation or possession periods, we will place utilities in the name of Audubon Realty, LLC and initiate service. The only exception is in the event the client transfers a property already in process, or if turning on the utilities may represent a hazard to the property. Some preservation activities are periodic, such as winterization. We take care of these items in accordance to HUD guidelines.
Since we have been involved in real estate in Louisiana for years, we’ve developed a strong list of licensed inspectors that is kept very current. We turn to our vetted network of inspectors when it comes to signing off on the property and various large tasks. We carefully research newer inspectors, while always maintaining a terrific list of seasoned professionals that are highly respected, rated and professional.