Asset Management & Recovery: You're Fired !

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

You're Fired !

She doesn't know it yet, but lack of response just got someone fired.  They just lost 6 listings that I guarantee will be sold.  I admit, they were not high dollar.  Thing is though that agents are running in circles with sellers that can't afford to sell.  Here is a slam dunk and I can't get an agent to acknowledge an email.

I found the agent online and spent 20 minutes talking with them to confirm their background.  I told them that I would be following up with them at the end of the week with the addresses and wanted to conduct the preliminary asset inspection with them this coming Monday.

Thursday I sent an email with some info.  Friday I sent another with the balance of the info and attempting to confirm the Monday appointment.

I have heard nothing but crickets.

So here is what I need folks.  This is not rocket science:

  • Licensed agent with some drive
  • Must be based in Mansfield, Ohio and member of local MLS
  • Must be accessible.  That means answer cell phone and respond to emails.
  • Must be able to price properties.  An understanding of conducting BPO's a Plus.
  • Must be willing to market properties on FREE Websites.  I'll even tell you which ones.
  • Must be willing to schedule contractors from your contacts for emergency work.
  • Must be willing to post eviction notices.  I'll prep them and send via email.
  • Must be willing to put a For Sale sign with their name on it in front of 6 properties.
  • Must be willing to use combo lockboxes.

Not sure yet, but drive and responsiveness might just trump experience.  Frankly, I am considering walking into the largest brokerage in the town and telling the broker to give me the new guy.

Friends, if you know an agent with the qualifications above who has a brain and can spell, I want to talk with them ASAP.

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

17 commentsRich Kruse • November 18 2007 08:43AM

Comments

Rich, I wish I were in Columbus to help you. I guess the agent was so wrapped up in the Ohio State vs. Michigan rivalry they couldn't be bothered with business. Very sad.
Posted by Gaylen Thornton (Desert Heritage Real Estate) over 2 years ago
Gaylen - Sad.  30 seconds for an email too much work.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago

Shows you where there priorities are. When we go away for the weekend we are always accessible via our smart phones. Clients and customers are amazed at how quick we return messages.

A newbie might just be the answer as the are hungry.

Posted by Jay McGillicuddy~Real Estate Broker (Prudential Verani Realty) over 2 years ago
Jay - I have found a brokerage online and plan to call the broker after Noon today. 
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago
Rich - wow - I would love this one - but i do not use combo boxes - but for you I would... but I am not in your area.... best of luck
Posted by Central Oregon Real Estate | Broker Thesa Chambers, Licensed in Oregon (Prudential NW Properties Sunriver) over 2 years ago
Thesa, we would even provide the lockboxes. Rich just needs a return call from someone.
Posted by Melissa Kruse (Gryphon ) over 2 years ago

What a great opportunity someone passed up!

You don't have any properties that need listing agents in southern California???? No.? Too bad because I'm here, ready, very willing and extremely able!! Unfortunately, I just can't seem to get that door to open beyond than a tiny crack.

Posted by Shari Posey (Prudential California Realty) over 2 years ago
Was it opening weekend for deer season?  Was for me and and I had no cell service in the Catskills.  It happens but if you have something cooking you have to give notice that you'll be out of touch.  I gave everyone notice and closed up shop Thursday at noon.  Came back to 48 emails, 15 work related, some people just don't listen!  And yes I did lose some work and maybe 1 commission, oh well, sometimes you have to go offline for awhile.  Life's too short, but you have to give notice if you go mia!  Good luck Rich! 
Posted by Jeffrey Dolfinger (24/7 Realty Inc.) over 2 years ago

Shari - Kick it open.

Dolf - Yeah, we all loose business when we go MIA.  I try to tell my clients when I know it is going to happen and have someone cover.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago
Would be happy to take those 6 properties on, and I do answer my calls and emails on my cell phone, but I don't think I could handle the 6 hour one way commute.  Good luck finding someone. 
Posted by Brian Hoots Bourbonnais IL Real Estate (Speckman Realty, Inc. GMAC ) over 2 years ago
Yeah Brian.  And then you'd need to join the MLS and all that other stuff too.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago

Rich,

I just stopped to wish you, Milisa, Landloard Gril and our mutual friends a Happy Thanksgiving.

Your freind the "old Fart, Crudgmon, guru,l despite the name calling.

Bill

PS: I like to know those free web sights, I keep promoting my prants lake home in Central Michigan.

Posted by William J Archambault Jr (The Real Estate Investment Institute ) over 2 years ago

Rich,

I possess all of the qualifications except I'm based in Columbus (including vFlyers, Postlets, a smart phone, BPO experience, contractor contacts, and tons of drive!!).......Eerrrrggghhhh......I need an opportunity like this.

wayne.straughter@kingthompson.com

Posted by Wayne Straughter, over 2 years ago
Rich-  change your criteria to Chico, CA  and I guarantee to knock your socks off  :)  What is WRONG with people?  Do they not work to earn a living?  Why do they not recognize they are rejecting a pay check?
Posted by Chico CA Real Estate by Sandi Bauman, Chico CA Realtor (Chico Homes Real Estate) over 2 years ago
Darn.  Mansfield is too  far.
Posted by Prudential Preferred Realty Butler PA (Prudential Preferred Realty) over 2 years ago

Wayne - Check your email.

Sandi - We didn't intend to be a quasi-residential asset manager, but it seems to be going that way.  AR is a great place to find agents, so you never know.

Jayne - Wrong state too.  Sorry.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 2 years ago
Get licensed in Cali so we can give you a hand.
Posted by Anthony Saunchez~ Fontana & Inland Empire Real Estate (Summit Realty Group) over 2 years ago

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