Our ServicesREO Receivership
Over the course of a half-century, Cagan Management Group has transformed itself from a reputable local player to national leader in property management. We have been the trusted guardian of a $1+ billion real estate portfolio across the country with hubs in the Midwest, Florida and Louisiana.
From the very first day Jeffery Cagan opened our doors in 1974, we have demonstrated time and again our ability to maximize investor returns and asset appreciation.
Each day we take our wealth of experience and create lasting value for our property owners.
Comprehensive Service
From the first day Cagan takes over a property until its disposition, we work to enhance the property’s value. Starting with security and moving through physical and aesthetic assessment, we carry out all necessary improvements while taking into consideration and working within the approved budget.
Preventative Maintenance
With a direct impact on value, resident satisfaction and ongoing costs, property upkeep is of the utmost importance. We ensure a property is well-maintained with an established maintenance schedule that includes deferred maintenance, keeping asset managers informed every step along the way.
Asset Management
We understand that financial institutions aren’t in the business of managing property. Understanding the sensitive position lenders find themselves in, we are mindful of operational expenses and make efforts to reduce those costs to maximize long-term equity value. Our hands-on management style aims to alleviate the burden placed on lenders in a foreclosure situation.
Part of alleviating that burden is ensuring open lines of communication, because transparency saves time and stress. We keep everyone in the loop with:
Welcome Packet for Tenants
Each packet contains complete contact details for the property manager, bookkeeper, and maintenance personnel, along with more relevant information.
Monthly Status Reports
We send detailed reports to the asset manager and court, keeping them up-to-date on property status, building updates, financials and receipts.
Notifying the Public
Our first step is always to update the signage at the property and post proper notifications, so the public and anyone interested know how to get in contact with the Cagan team.