Government Agencies
An approved GSA Financial and Business Solutions (FABS) Schedule Contractor since February 2009, HomeTelos, a First Preston HT company, has been awarded substantial federal government contracts. The scalable asset management solutions we create have been used to sell over 400,000 properties. As a leader in the real estate asset management industry for 23 years, we bring together the best practices from the government and private sectors to minimize timeframes, maximize returns and achieve the best outcomes for our clients. Our GSA Schedule contracts currently total $224 million in awards. In addition, over the past 10 years we’ve been awarded another $800 million in government contracts for a total of $1.2 billion in the federal government sector.
Our success in these and other asset management services contracts is based on a unique combination of exemplary real estate services, intelligent technologies and a highly experienced staff. On average, our employees have 11 years direct real estate experience, and includes nearly 100 residential real estate brokers and agents as well as an experienced group of appraisers and property management professionals, Six Sigma certified employees, Certified Public Accountants, and many with earned designations as mortgage brokers, housing counselors and property inspectors. In addition we have a national network of over 11,000 subcontractors, many of them small and diverse-owned businesses. In the past 12 years alone, our small business subcontracting spend level has exceeded $52 million.
First Preston HT offers multiple solutions customized to meet the specific and often unique needs of our government clients. We provide real-time, innovative web-based workflow technology and employees experienced in the complexities of managing large portfolios of properties. From pre-foreclosure options to preserving and maintaining the value of each asset, through optimizing the successful sale or lease of properties, our scalable asset management solutions focus on achieving our client’s goals.
Pre-Marketing Services
- Assignment of assets to experienced REO brokers from our national network
- Initial inspection of properties within 24 hours
- Title and curative management
- Re-keying, securing, winterizing and removing debris from properties
Valuation Services
- Broker Price Opinions (BPOs) with extensive photos
- Appraisal and/or variance valuations
- Itemized bid repairs from approved, qualified, licensed and bonded contractors
Marketing Services
- Preparation of marketing plans and proactive asset marketing via MLS, electronic marketplace, social media, local advertising, open houses, virtual tools and online special property events
- Ongoing analysis of pricing to reflect local market conditions/economic changes using demand factors such as days on market, volume of offers received and comparable sales
- Checks and balances system alerts staff when offer activity is outside acceptable range so adjustments can be made to re-position the asset
Cost Management
- A reverse invoicing system to maintain tight control over approved repairs, bidding process, costs and quality control
- A proprietary expense management system to monitor approved vs. actual and ensure monthly maintenance expense and project repairs remain within budget
Closing Services
- Contract review and closing coordination
- Offer and document management workflow system to ensure efficient timelines and tracking of closing contingencies
- Client specific sales contracts and documents online to ensure use of correct documents
- HUD-1 reconciliation and execution
Reporting
- 24/7 secured web-based access to portfolio information
- Real-time financial information on a per asset and/or portfolio basis
- Customizable performance scorecards to evaluate inventory and vendor performance
Quality Control
- QC measures incorporated into workflow and asset management systems; electronic scorecards for vendor/portfolio performance
- Client performance standards and critical metrics incorporated in QC analysis
Click below for information on technology supporting our asset management services:
The winner of 2010 Pinnacle Awards for Best Outsourcer and Best Listing Practices, First Preston HT offers nationwide full real estate asset management and marketing services. For more information, call us at (972) 419-5480 or Contact Us. Click on the following for information on:
