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ExNet Daily News

2009-09-03 19:27:56
MANAGEMENT RIGHTS-A SOLUTION
After a year of research into how Residential Property Management Companies (RPMC's) manage multi family residential (MFR) communiites across the US we have concluded that not one of them appear to have a unique POD (Point of Difference) that differentiates them from the RPMC herd especially in the area of property asset value degradation prevention strategies.

In post crisis USA, the banks and Wall St may have been saved with Main Streets collective taxpayer guarantee but now Main St has become the sacrificial lamb on the alter of financial "reform" and along with it the financing needs of millions of property owners who have no bail-out mechanism available to them. Quite clearly and in response to this failure of the system to protect Main St and the homes of millions who have seen their home values collapse, it is up to the professional providers of managed services to MFR communities to create Main St solutions to a Wall created crisis for every family across the land.

Management Rights (MR) represents a tool that RPMC's can deploy to help alleviate declining home values in MFR communities. Any RPMC with a modicum of intellectual capital within its HR base should recognize the urgent need to take affirmative action to arrest declining property values in the communities that they manage and take all possible steps to act in the best interests of all unit owners within a MFR community. If this means overrding rubber stamp type boards and their presidents who act more in their personal interests than the interests of the greater community then RPMC management need to have the tools to address this all too common problem. MR removes this atavistic practise.

Sanctum Stay (the owners of the ExNet Soft Dollar system) is in the ongoing process of undertaking a nationwide MR awareness campaign that will (amongst other things) show which states and which RPMC's within those states really do have or propose to introduce leading edge management strategies that will help to alleviate the problems faced by so many homeowners within the communities that they manage.

The key of couyse is to identify the management companies with the foresight to step up and lead the way.

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