Long Gate steps in as the appointed officer of the court and quickly implements a plan to secure, preserve, stabilize, and liquidate a property through the following actions:
- Work with counsel in drafting of court order
- Take control of asset immediately upon appointment
- Engagement and direct third-party property managers, leasing agents, and law firms
- Preserve tenant base and income through proactive leasing efforts
- Assure that cash, bank accounts, and other assets are safeguarded
- Analyze and control operating expenses
- Address deferred maintenance and life safety concerns
- Engage sales agent and direct disposition of asset
- Implement preventative maintenance program for building systems
- Oversee capital improvements and asset enhancements
- Address zoning and other violations
- File comprehensive monthly reports with the court and interested parties
- Ongoing communication with client regarding asset status, actions, and recommendations