Pro Teck Announces New REO-to-Rental Analytics Suite – NMP Skip to main content

Pro Teck Announces New REO-to-Rental Analytics Suite

NationalMortgageProfessional.com
Jun 20, 2012

Pro Teck Valuation Services has announced the availability of a new suite of data and analytics for investors to better assess the value of turning real estate-owned (REO) properties into rental housing as investments. The new REO-to-Rental Analytics Suite provides granular data and analytics on REOs, market rents and yields, market drivers and forecasts, and property information to help determine which properties would be the safest and most profitable candidates to turn into viable rental investments. “The abundance of foreclosed homes, a 35 percent decline in home values since the 2006 peak, and a strong rental market has led investors to look at REO-to-Rental as a solid investment opportunity," said Tom O’Grady, CEO of Pro Teck Valuation Services. "We’ve seen many astute investors acquire REOs that can earn a positive rental income in the short term with a longer term exit strategy to sell for a profit when home prices appreciate. Pro Teck developed the REO-to-Rental Analytics Suite to support investors who are looking for tools to help them make informed decisions.” The REO-to-Rental Analytics Suite can help answer: What the property is currently worth; the current condition of the property and the cost of any needed repairs; expected neighborhood rents and rental yields; current neighborhood market trends (foreclosure activity, inventory, price trends, etc.); and forecasted neighborhood appreciation. “By combining all of these features, investors have the ability to identify the strongest REO-to-Rental investment opportunities and make informed, market-based decisions in one stop,” said O’Grady. “The REO-to-Rental Analytics Suite helps identify the strengths and weaknesses of a property and the local market to help make the best investment possible.”
Published
Jun 20, 2012
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021