REMCo
Real Estate Management Company
Investment, Asset, Property Management
P.O. Box 9011, 2053 Forest Ave., #1
Chico, CA 95928
(530) 892-0916, (530) 892-1607 (fax)
admin@remco.us, www.remco.us
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Our mission is to optimize your property’s
net income, cash flow, and market value. We
provide professional, experienced property
and resident managers and use state-of-the-
art computer systems for bookkeeping and
to support our professional staff.
We exercise firm control over finances,
tenants, vendors, and physical property. We
respect tenants’ rights, but we work for you,
the owner. We monitor closely and react
promptly to the legal, political, social, and
market changes that affect your property
and the value of your investment.
We are able to tailor a package of services
to meet your specific and unique
requirements: owners can choose which bills
they want us to pay and which, if any, they
want to pay themselves – some investors like
to make their own mortgage payments,
others want us to do it.
Owners can specify the type of monthly
financial reports they want to receive. Many
choose our standard monthly statements;
but others want more complex reporting such
as highly detailed income/expense
statements, cash flow analyses, balance
sheets, and payables/receivables reports.
Owners can select the type of maintenance
program they wish to use. We can supply
most routine services and use third party
contractors for non-routine requirements; or,
we can utilize and supervise vendors of your
choosing.
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FINANCIAL CONTROL
• IREM standard, double-entry book-keeping
system provides accurate, real time
reporting and precise, auditable trust fund
accounting.
• Accounts payable system ensures timely
payment of all recurring and non-recurring
obligations including vendor and utility
invoices, insurance pay-ments, taxes,
mortgages, and owner distributions.
• Accounts receivable system closely tracks
rental income, tenant charges, mortgage
interest income, utility charges, and other
income.
• Reporting capabilities include monthly
operating statements, sophisticated financial
reports, if desired, annual financial
summaries in Schedule E for-mat, and 1099s
for vendors, debtors, and owners.
• For complexes with resident managers,
precise, written, on-site receipt handling and
banking practices, policies, procedures, and
tracking systems in place.
TENANT/VENDOR CONTROL
• Full tenant background checks prior to
occupancy: credit, employment, rental, and
unlawful detainer histories.
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• Optimum market rent schedule. Close
monitoring of competitive rates; periodic
rental increases.
• Regular interior and exterior property
inspections and comprehensive walk-
throughs – pre and post occupancy – permit
identification and collection of tenant
damage charges. Prompt follow-up on late
payments and timely legal action, as needed.
• Careful selection and screening of
vendors. Follow up, quality control
inspections conducted prior to payment of
vendor invoices.
SERVICE SUMMARY
• Residential and commercial property
management, leasing, maintenance, and
repair.
• Acquisition, development, finance, re-
finance, exchange, and disposition of
managed properties.
• Mortgage loan servicing and trust deed
management – variable and fixed rate loans.
• For complex real estate situations:
consulting, due diligence, management, turn-
around, and liquidation of corporate
properties, bankruptcy and receivership
assets, and bank REO.
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Warren C. Anderson, owner, has been a
commercial property owner in Butte County
for more than twenty-five years. He has
developed and managed numerous
commercial and residential projects in the
area and is a licensed real estate broker.
Outside of Chico, he managed a major
commercial/residential leasing program for
the Bechtel Corporation in the Middle East.
He worked for the Federal Deposit Insurance
Corporation (FDIC) where he held executive
responsibility for management and
liquidation of more than $2 billion in complex
U.S. Government real estate holdings. Later,
he served as a financial consultant to the
U.S. Small Business Administration in
Washington, D.C.
He was a U.S. Air Force officer during the
Viet Nam conflict, and is a graduate of the
University of Southern California where he
earned a Bachelor’s Degree in Business and
an MBA.
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