Providing Solutions & Protecting Your Assets
"Providing extraordinary services to ALL of our clients no matter how large or small"
Our Services
Asset Management
We're an experienced, full-service asset management firm. Our staff of professionals combine their specialized expertise in the default space, with our localized vendor experts. This approach reduces days in prelist, and mitigates potential delays of your asset at closing.
Superior list-to-sell ratios are due to our comprehensive on-boarding and screening process for our local real estate professionals, our industry knowledge, and our expertise in closing. These factors significantly reduce days the asset is on market.
We're able to eliminate costly local code violation fines and fees through our experience dealing with the eviction process, ensuring compliance with HOA, COA, and other regulations.
By outsourcing your asset management to RM Asset Management, you reduce your operating costs and receive the expert support your organization deserves.
Property Management
RM Asset Management has been providing property management services for over 20 years in the Northern Alabama area.
As the property management company, RM Asset Management is responsible for the day to day operations.
Some of the duties include…
- Working with realtors, banks, and builders to verify the status of assessments for resale & foreclosures
- Work with property managers of rental properties to ensure renters abide by the Covenants
- Receive, record, and deposit assessments for new homeowners/closings
- Invoice and process payments of assessment as defined by the Covenants of the community
- Input monthly late fees and send statements for all delinquent accounts.
- Work with attorney to file liens for homes that are seriously delinquent (as directed by the Board)
- Coordinate monthly payments to applicable parties
- Reconcile bank accounts monthly
- Maintain records in preparation for annual tax filing
- Provide monthly reports to the Board via email
- Tour(s) done dependant on availability, recording covenant violations
- Provide a report to the Board on a monthly basis, to include violations noted, ARC forms submitted, monthly budget report.
- Maintain the Clubhouse rental calendar and collect appropriate paperwork and fees. Complete the pre or post walk thru of the facility.
- Maintain the keycard system for amenities including new cards, deactivating homeowners leaving the community, and deactivating homeowners not in good standing with the HOA.
- Prepare and mail notices of violation
- Attend the Annual Board meeting, as availability allows
- Work with the Architectural Control Committee on submissions – RMAM Logs the applications in and forwards to the ARC for review. ARC to provide the letter approval/disapproval for the owner. Hughes will send the resident the letter and log the date of approval/disapproval. ARC communicates with the residents.
- Mail letters and notices to the community as prepared and directed by the Board
- Verify and address owner concerns/complaints as they pertain to the covenants – neighbor to neighbor issues are not addressed.
- Work with owners to relay issues or conflicts to the Board as they pertain to the covenants
- Provide vendor names to bid for repair work and/or maintenance, as needed
- Notary Services provided for a small fee
Preservation Services
RM Asset Management is multi-disciplined in portfolio management. We strive to provide a high level of personalized service to our clients and residents, by optimizing cash flow, maintaining asset condition and quality, and maximizing asset value.
From long-term management to disposition solutions, RMAM is a strategic partner no portfolio investor could operate without.