SOLUTIONS
How We Operate
Upon receipt, accounts are entered into our information system and immediately sent to our collections department. That day, an immediate notice is sent to the debtor demanding payment in full. Within 24 hours, our experienced collectors begin making telephone contact in order to expedite recovery.
Once contact is made, and acceptable financial arrangements are set, our work does not stop. Collectors continuously monitor the accounts to assure adherence with the financial arrangements. In situations where debtor phone numbers and addresses are unknown or invalid, our skip tracing methods are utilized. These methods result in a higher rate of track downs, with resultant greater recovery. When appropriate, J&B will leverage its network of attorneys throughout the United States to pursue litigation. If litigation is recommended, your authorization will be obtained prior to any filing.
At J&B, we place a premium on customer goodwill. Our collection efforts are diligent, firm, and fair. All collection efforts are conducted in strict compliance with the Fair Debt Collection Practices Act of 1977.
Brokerage services for REIT
Brokerage services for REIT (Real Estate Investment Trusts)
The sector includes hotels of all sorts, but it also encompasses resorts and business lodging, Timeshares, Vacation Clubs and Residence Clubs
Understanding hospitality REITs
Hospitality REITs, like all other real estate investment trusts, invest in real estate, and profits on investments are returned to shareholders. Unlike other REITs, however, hotel REITs invest in extremely short-term leases-most commonly, a single night at a hotel. Consequently, they have some features that are unique within the REIT space.
Hotel REITs make their money in a very straightforward way: They rent rooms and conference spaces to the general public. Although real estate purchases and sales are also part of the regular business of a hospitality REIT, they’re not the primary driver of income.
Most income comes from tenants — one day, two days, or a week at a time and ultimate Exit Strategy RESALE of the asset.
We at J&B help you with closing and managing all aspects of Rental and Resale of any REIT.
Communication And Reports
At J&B, we believe communication is essential in maintaining a good working relationship with our clients. Service calls are provided on a monthly basis. Reports are generated monthly, including acknowledgments of accounts received, monthly activity statements, and progress reports on all accounts placed.
Acknowledgment listings are sent to confirm the receipt of placements. This is a listing of accounts placed on that day, including the account number, name, and balance.
Activity statements are sent to your office on a monthly basis. They are generated on the 15th of each month, and include all payments received on your accounts for the previous month. A check for the net amount collected by J&B is enclosed with your statement.
Progress reports compile a complete listing of all accounts placed with J&B by your office. The progress reports reflect payments made, current balances, information of payment commitments, the number of phone calls made, and the number of letters sent. These reports also include a description of the current status of accounts.
Comprehensive reports are delivered to all clients monthly and can be viewed and downloaded online. Detailed and up to date statuses of all accounts are listed in an easy to understand format. You’ll never be in the dark about the progress of your accounts placed with us.