Receiver & Keeper Management
Receiver & Keeper
Latter & Blum Property Management has 30+ years of experience as Receiver/Keeper over a wide variety of property types and sizes. When a loan goes into default, the lender typically has a strong case for the appointment of a fiduciary to protect its loan collateral. Accordingly, the Court often looks for a strong and proven property management company to step into the owner’s shoes and assume all duties and responsibilities. This party, known as a”Receiver,” (or “Keeper” under Louisiana law) owes a fiduciary duty to the Court and all parties involved in the litigation. Primarily, the Receiver/Keeper’s duty is to secure the property, pay all necessary bills associated with the property such as those related to insurance and utilities, collect rents, and provide monthly accounting. In many cases, the Court Order also allows the Receiver/Keeper to make necessary improvements to the property as well as market it for sale and/or lease.
Latter & Blum Property Management has a proven track record of success in property management along with extensive experience as Receiver/Keeper on a wide variety of property types and sizes.
Receiver & Keeper Services from the Property Management Company You Know and Trust
As licensed real estate brokers, general contractors, and an Accredited Management Organization (AMO®) by the Institute of Real Estate Management (IREM®), we have the expertise required to handle a variety of situations, including the management , leasing, or redevelopment of under-performing real estate. The services we offer include:
Assessing the Overall Condition of the Property
Stabilizing the Operations of the Property
Protecting the Asset
Ensuring Tenant Retention
Providing Monthly Financial Reports
Providing On-Site Property Management As Needed
Renewing Existing Tenants When Lease Approaches Expiration
Developing Marketing, Advertising, Leasing, and Exit Strategies
Our portfolio includes multifamily assets of all types and sizes in Louisiana, Texas, Mississippi and Alabama.
Our Single-Family property division is dedicated to getting results. Our Single-Family portfolio includes assets of all types throughout the New Orleans area.
Our commercial portfolio includes a wide range of office properties from office towers to small and mid-sized properties.
Whether your property is a single retail center or a large multi-tenant retail property, we’ll cater our services to meet your needs, and more.
We’ll manage your single-occupant or multi-tenant industrial facilities, from small warehouses and flex space to large complexes of 1,000,000 square feet and larger.