Assume management of the property and serve each tenant with a copy of the order and a written directive as to how the rents are to be paid

Analyze any health and safety issues then recommend and implement solutions

Verify status of insurance, utilities, and property taxes

Notify, evaluate and retain vendors based on their credentials and work history on the property

Manage all aspects of the day to day operations on behalf of the Receiver

Prepare detailed bid documentation for a receiver certificate that would allow the lender to complete construction or remodeling necessary to expedite the sale of the asset after the receivership period.

Provide monthly accounting package and any specialty reports required by the Receiver

Coordinate turnover of property to the prevailing party when the problems causing the Receivership are resolved