Half of the properties had monthly residents, many of them drug addicts, who had to be relocated. It was the day before Thanksgiving and, in addition to the logistical problems we faced that day, we had to cope with TV cameramen's lights. Most receiverships are less sensational and involve more traditional management tasks, though almost all properties we encounter are in some state of disrepair or neglect.
Every property poses it's own unique set of challenges.
Mesa Regal RV Resort, a 1,792-space RV park, suffered massive power outages due to repeated breaks in the underground cable. There is no doubt in my mind that your efforts enabled First Jersey to ultimately sell this property for an amount in excess of its appraised value. Though Receivers must be skilled property managers, not all property managers are qualified to serve as Receivers. Receivers need to be intimately familiar with the law, quick on their feet, cunning, resourceful and good business managers to boot. In the end the results will speak for themselves.