Understanding the Importance of An Asset Manager

The Shah brothers, author of the book REO Boom, have stressed the importance of asset managers in the success of your REO business. REO is one of the most attractive markets in the real estate industry today. It stands for Real Estate Owned. These are properties repossessed by lenders, particularly, banks. Because of the rise of the foreclosed properties, banks need the help of real estate agents to manage and sell them. It is only through this that they can generate income from the foreclosed homes.

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