Court Fiduciary
My experience in managing, building, accounting for, acting as court appointed receiver, and selling real estate encompasses over 30 years in various positions. I have worked with multifamily, commercial & retail, hotels, land and single family/tract homes, operating businesses and liquidation of assets in receivership. The properties/cases in my portfolios were located in a wide variety of areas in the country; California, Arizona, Texas, Florida, North Carolina, and others. During my career I have worked for different types of employers; financial institutions, licensed contractors, property management firms, real estate sales offices, and I have also been self-employed. I have been appointed receiver in courts in the following counties: Orange, Los Angeles, San Diego, Riverside, Imperial, San Bernardino, San Louis Obispo, Ventura, Kern and Santa Barbara. My personal residence has been in Southern California for over 40 years. I am a member of the California Receiver’s Forum and am a director of the San Diego Chapter and a director and past Chair for the state board of directors of the Forum.
RECEIVERSHIP RATES
Hourly rate – $250
Commission for Sales
Depending on type and value of property: 3% – 6% to be split 50/50 with selling agent. Should Calsur Property Management (my real estate company) locate buyer, total commission to be reduced by 1%.
Management Fees
Depends on size/condition/location of property, will be quoted upon request. Normal fees range between 4% and 8% of collected income. For smaller rental properties (under 50 units) management and receiver fee can be quoted as a fixed monthly fee if desired.
Business Receiverships
Field Employees (if used) – varies between $50 – $150 per hour depending on use. Bookkeeping (if not included in management fee) – $75 per hour. Other consultants on a bid basis and approved by parties/court
Work With Us
Principle Receivership Responsibility
Receiverships and Asset Management is one of the primary services offered by Calsur Property Management. We recognize our principle receivership responsibility is to protect, preserve and maintain the asset as well as those specific responsibilities as contained in the order appointing receiver.
Customized Asset Management
Calsur Property Management is equipped to provide customized Asset Management for the individual client’s requirements. Asset Management is where we execute operational decisions according to the client’s pre-described parameters. That includes everything from site selection to ultimate asset disposition, including financing, design, construction, property management and leasing. We provide market identification and market recommendation as well as suggesting methods of improving Net Operating Income.