Nationwide REO Brokers, Inc. offers Rental and Property Management Services to Servicers, Banks, Investors and Other Institutional Property Owners.

Nationwide REO Brokers, Inc., a Massachusetts-based firm, has recently expanded their default service offerings to include Rental and Property Management for properties acquired by investors or through foreclosure action or deed in lieu of foreclosure.

BRAINTREE, Mass.--(BUSINESS WIRE)--Massachusetts- based Nationwide REO Brokers, Inc. (“NREOB”), a default solutions provider for the management of bank and investor-owned real estate, recently expanded their service offerings to include Rental and Property Management (RPM). RPM enhances the default solutions suite already offered by NREOB, which includes REO management and sales, inspection and valuation services, property preservation and eviction as well as forensic, quality control, title curative and closing services.

Expanding into rental and property management services allows the Nationwide Team to meet the current demands of an ever-evolving default industry and provides a new strategic opportunity for investors and institutional sellers. Due to the increased demand for the planned management of occupied properties acquired through foreclosure, along with the need to expand rental opportunities on existing vacant units, RPM of REO properties is one part of the solution to the currently challenged housing market. RPM services benefit institutional property owners, consumers and communities alike: owners recognize cost savings, risk mitigation and improved income stream, while consumers and communities have consistent management to meet their local housing needs and ultimately the advantages associated with increased access to available units. NREOB has customized their existing platform to provide full services in all aspects of property management. In addition, NREOB has designed a number of different management models, each suited to different client needs, and scalable to meet fluctuating inventory levels. An extensive background in coast to coast property management and evictions, and a national professional network of agents and managers, allows NREOB to be expertly qualified to oversee the negotiation of lease terms, the collection of rents, and the management of all types of rental properties, including rent- controlled and government-subsidized rental units. The property management staff is well-trained in all aspects of property repair issues, as well as eviction and lockout services.

In conjunction with this the new service offering, Nationwide has completed system upgrades within their proprietary system, Asset Management System (AMS). AMS is an online asset management workflow system which, in addition to directing workflow, tracks documentation and communications with occupants, brokers, attorneys, contractors and clients on a single platform in a secure, on-line environment. Within the property file, users have real time access to property status, contact information, rent roll history, property event history, pertinent documents and all file specific communication. Institutional owners also have customizable options including portfolio and property level reporting tools and the ability to integrate with a secondary system of record.

Nationwide REO Brokers, Inc. is a full-service provider for the default services industry and investor community. For more information on property management and default solutions, please contact [e-mail] or visit www.nreob.com.