Emergency Property Management

Progressive Management has been retained with as little as 24 hours notice, to fill a management void at a troubled property. We have often 'parachuting' into volatile situations involving complex, contentious issues.

Our initial objective as an Emergency Property Manager is to:

• Secure client's funds, records, passwords and keys
• Establish a plan to deal with on-going business: office hours, staffing, resident notices, etc.
• Review life safety systems, the emergency response plan and risk management issues
• Review financial records and assess fraud risks
• Assess status of Accounts Receivable
• Assess existing board and staff rolesAssess status of RGI Administration
• Assess property maintenance issues

Once daily operations are stabilized, which typically occurs in a matter of days, an assessment similar to the Operational Advisor assignment begins in conjunction with performing the daily responsibilities of property management.