Tuesday, May 1, 2012

Jacqueline Kimaz Arrests Former Owner of REO Asset

In the past few years, the number of REO properties has reached an all-time high, in what some are calling an unprecedented pace.  With the number of REO properties hitting the market it is essential the right management company is retained.  The Los Angeles REO market has been plagued with problems from squatters to vandalism. REO asset management can be tricky and in most cases is management intensive.  

Recently, the former owner of an REO asset under The Madison Real Estate Group’s direction showed up at the property waiving a gun, demanding rent from the residents.  Because of Jacqueline Kimaz’s hands-on management style and The Madison Real Estate Group’s extensive REO management experience in the Los Angeles rental market the situation was handled without incident. 

The Madison Real Estate Group, a Los Angeles property management firm, had already taken the necessary steps at the time of takeover, allowing them to act quickly and aggressively ensuring the residents were protected.  As standard protocol during the takeover process of an REO asset, The Madison Real Estate Group notifies the local authorities of the change of ownership and files a Trespass Arrest Authorization form with the local police department.   This allows the police department to arrest anyone on the premises who isn’t a resident or a proven guest of a resident without having to contact the ownership of the property.  This gave Madison the ability to call in the potential threat and allowed the police to make the arrest without confrontation, protecting the client’s interest, as well as, the residents of the property. 

Troubled assets are not the only ones that can benefit from the experience of a property management company.  When you are looking into property management companies you will find there are many options to choose from.  The Madison Real Estate Group has the experience you need to deliver results. Give us a call and find out just how you can benefit from working with our team of professionals.  

About The Madison Real Estate Group

The Madison Real Estate Group is an entrepreneurial and experienced full service multifamily and commercial real estate company with offices in Los Angeles, Las Vegas and Phoenix, that serves as a trusted advisor to financial institutions and private investors. We have built our reputation by offering innovative solutions to our clients property management needs, adding value to their portfolios, and consistently exceeding their expectations for service and performance.


For more information about The Madison Real Estate Group please visit our website at www.madisonreg.com or contact:

Joe Kimaz
The Madison Real Estate Group
14852 Ventura Blvd.
Suite 111
Los Angeles, California 91403
Phone: 213-620-1010


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