Even if you’re new to property preservation, you’ve probably already discovered the industry is driven by its own processes and regulations—and even its own language. And learning to speak it is critical to your future success. To help you get started, we’ve compiled a few key terms you’ll need to understand to communicate with confidence.
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Resources, education and tools from MCS to help manage and preserve assets across
the Commercial, Single-Family Rental and Property Preservation industries.
Property preservation work can be a great way to round out your handyman services business and hedge against economic downturns. But entering a new line of work may seem overwhelming at first. Here are a few key concepts to understand about the industry so you’re ready to dive in and feel set up for success.
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 be successful in property preservation.
Mortgage servicers have a never-ending list of responsibilities, and one critical item is vacant property registrations (VPRs). VPRs can cause headaches for many servicers, as small fines add up to major penalties. If fines pile up, municipalities may enact liens that could prevent a servicer from selling a property. Plus, registration requirements change frequently, necessitating constant monitoring to ensure compliance.
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. It’s important to understand what vacant property registrations are, the risks related to managing them and why you should work with a property services partner with VPR expertise.