SCOTT MCNAUGHTON DEVELOPMENT GROUP, INC.
RECEIVERSHIP SERVICES OVERVIEW
On-Site Asset Services
- Alarm and security system coordination
- Improvements to existing building
- Preventative maintenance to existing building
- Mechanical systems maintenance coordination
- Landscape and grounds maintenance coordination
- Snow removal
- Locksmith service coordination
- Roof, exterior doors and skylights inspected
Financial Services
- Rent and assessment collections
- Management of all utilities
- HOA accounting & budgetary services
- Real estate tax management
- Monthly cash flow reporting
- Bank account management
- Accounts payable management
- Tenant and lease administration
- Procurement of insurance and Receiver’s bonds as needed
- Building code violation remediation
RECEIVERSHIP SERVICES
- All court ordered appearances requested of Receiver
- Drafting of all essential court receivership reports including posting of all notices as required by Illinois Receiver Statutes
- Email, written and telephone correspondence with tenants, borrower, lender and lender’s counsel
- Routine on-site inspections
- Detailed billing will be provided in each Receiver’s Report as requested by the Judge
- Lender responsible for all legal services rendered on their behalf or on behalf of Receiver
FEE SUMMARY
SMDGI will provide a customized engagement structure and fee proposal upon request.