Carrington is the leading institutional real estate services firm in the U.S., providing transactional expertise and solutions through our licensed CPN members, to address the specialized needs of our unique client base. Through CPN, Carrington delivers c...
Renee Deane, EVP of operations for Carrington Property Services, says some of the key markets for REO rental are Phoenix, Atlanta, Chicago, Las Vegas, Southern California, and parts of Tennessee-not surprisingly some of the areas that saw the greatest depreciation in the subprime meltdown.
Deane agrees and has found that partnering with local contractors can help investors achieve this "boots on the ground" approach.However, managing local networks can be a complicated process in itself, so Deane advises choosing partners wisely and working with an experienced property manager whose sole business is tenant relations and rental operations.
In order to ensure industry partners work with the utmost professionalism, Deane advises putting them through a rigorous selection and approval process.
"They have to provide all of their licensing, insurance, and then we do regular scorecard performance on our property managers," Deane said.
Renee Deane Executive Vice President, Rental Management Carrington Real Estate Group (CREG)Carrington Property Services, LLCCarrington Property Services
Executive Vice President, Rental Management Carrington Real Estate Group (CREG)
Renee manages and directs the growth of Carrington Property Services, and is directly responsible for driving the company's national single family residential rental business, which operates in 46 states.
A 25-year industry veteran with extensive experience in the financial services industry, she has developed and maintained key relationships with global investment banks, GSEs and large institutional investors, and has a proven track record of developing and automating operational efficiencies to achieve positive financial results.
Prior to joining Carrington, Renee served as Executive Vice President of Operations/Chief Credit officer for Nations Direct Mortgage, where she was responsible for all areas of origination up to and including ensuring that all loans originated were sold on the secondary market and insured by HUD.She is a sought-after presenter at mortgage banking and investment banking conferences in the U.S. and abroad, and has participated on several industry advisory boards.
Renee Deane to Oversee REO Business at Carrington Property Services
Carrington Property Services LLC has announced the promotion of Renee Deane to executive vice president of operations.
In this new position, Renee will direct the growth of the company's real estate-owned (REO) rental business.
A 25-year industry veteran with extensive experience in the financial services industry, Renee currently oversees Carrington's national rental division, which operates in more than 40 states.Click to continue