MCS | Knowledge Center
Resources, education and tools from MCS to help manage and preserve assets across the Commercial, Single-Family Rental and Property Preservation industries.
How REO Renovations Yield Higher Returns and Faster Sales
For properties that become real estate owned (REO), a solid renovation strategy could help yield greater returns and faster sales. Maximizing your potential returns requires getting a handle on the property condition, accurate costs and working with a proven partner....
3 Big Things to Know About Working in Property Preservation
As handyman, locksmith or other service provider, are you looking to add property preservation work to your portfolio? Welcome to Property Preservation 101. We’ll explore why the work is important, how it can help your business grow and what you’ll need to focus on to...
Vacant Property Registration: What Is It and Why You Need an Expert Partner
The vacant property registration (VPR) process is one aspect of property preservation that may seem insignificant at first glance. But VPRs can cause headaches and trepidation for many servicers, as small fines compound into major penalties—sometimes on a daily basis....
4 Keys to Ensure FHA Conveyance
A proactive and reliable property preservation partner is critical for mortgage servicers. Why? Because the clock is always ticking, and time is money. With tight FHA conveyance timeframes, finding a partner that understands HUD processes is essential. FHA conveyance...
What You Need to Know About Hybrid Appraisals
Spurred on by the pandemic and the housing boom that preceded it, the rise of hybrid appraisals was an attempt to modernize the process. Here's what you need to know about this appraisal type. Hybrid appraisals vs. desktop and traditional appraisals First, let’s take...
3 Ways Property Preservation Partners Can Help Lower Your Risks
Property preservation comes with its share of risky situations. But working with a trusted partner can help you reduce the chance of fines and violations. Here are three important ways a property preservation services partner can be your ally—and what to look for when...
5 IRS Audit Red Flags for Subcontractors to Know and Avoid
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should always consult your own tax, legal and accounting advisors to help properly manage your...
The Essential Property Preservation Checklist
Caring for a property in default requires an understanding of various rules and ordinances as well as an experienced vendor network to complete the range of services commonly needed to keep the property in shape to sell or convey. Fortunately, a high-quality property...
6 Critical Property Preservation Services Every Provider Should Offer
Whether you’re assessing your current property preservation provider or are in the market for a new one, it’s important to consider your choice from all angles — from the core preservation services you need to expectations regarding specialized services, the customer...
5 Questions to Help You Choose a Prop Pres Provider
Whether you’re assessing your current property preservation provider or are in the market for a new one, it’s important to consider your choice from all angles — from the core preservation services you need to expectations regarding specialized services, the customer...