PM INNOVATIONS LLC
Asset Management Group




CONFIDENTIAL INFORMATION
INTRODUCTION
Introduction
PM Innovations LLC has created an Asset Management Group that offers real estate lenders, invest...
THE FACTS…
The Scary FACTS….




RealtyTrac ® Data from realtytrac.com

“Bank repossessions, or REOs, continued to be the ...
THE FACTS CONT…
The Scary FACTS Cont…

                                                               Properties with Fore...
THE REALITY …
The Reality….
Nevada, California, Florida post top state foreclosure rates
Nevada continued to document the ...
HOW IT WORKS…
Services                                                                          Web based Management and C...
SERVICE COVERAGE - REGIONS…
Nationwide Service Coverage – ALL 50 STATES covered with 10 Regional Teams




               ...
THE TEAM….
PM Innovations LLC / Renovatio Intl, Inc.                              PM Innovations LLC / DR Land Company Inc...
ESTIMATED COST ANALYSIS….
Estimated Cost Analysis….


Timeline (Months)                                              1    ...
VALUE PROPOSITION….
Value Proposition….


Timeline (Months)                                           1              2    ...
NEXT STEPS….
Next Steps….
PM Innovations LLC, a Nevada Limited Liability Company

M. Todd Singh
503-720-3577
tsingh@renovatiointl.com

Client Presen...
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Pm Innovations Llc Presentation 2009.15

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PM Innovations LLC is a partnership between Renovatio Intl, Inc. and DR Land Company Inc. Together we offer national and dependable REO Servicing from A to Z. We are an approved vendor for: Bank of America, Citi, JP Morgan Chase, and several other medium to small institutions – plus several government agencies. Thus we recommend not only banks contact us but private equity firms, and real estate agents if they have a REO asset or listing. We provide bids quickly and provide cost effective solutions to enable the quick sale of the asset.

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Pm Innovations Llc Presentation 2009.15

  1. 1. PM INNOVATIONS LLC Asset Management Group CONFIDENTIAL INFORMATION
  2. 2. INTRODUCTION Introduction PM Innovations LLC has created an Asset Management Group that offers real estate lenders, investors, and local real estate companies a complete solution to handling of distressed vacant or occupied properties nationwide. The Asset Management Group services all types of properties: single, multi- family and commercial. We use local professionals - so we know the area - and we know the market. Our combined background allows us to maintain the properties more efficiently with our technology and proven long-time expertise - thus we are able to assist in the reduction of losses and increase the value of such properties. We will strive to help you maintain the property and maximize revenue generation. Your investment becomes our investment with our total package service that equals FAST CLOSE ! Highlights of what we do… Fully documented Inspection Report, and BPO/Appraisal; Perform and conduct security check inspections - With photos Lock boxes installed and main door re-keyed; if requested weekly or bi-weekly; Complete Clean-out; Manage and maintain relationship with all Real Estate Agents; Trash and debris removal, In-property and yard clean-up ; Provide our customers with before and after pictures and Lawn and landscape maintenance (weekly and bi-weekly) ; notifications upon completion of work via our website - equates to faster and more efficient services; Review and provide estimate to rectify current code violations from inspectors or municipalities; Provide solutions to ensure that the vacant and abandoned properties are secure, protected and looking their best at all Handy man services ; times; Janitor Services ; Property Management for occupied properties (Management Roof repair; Service); Pressure washing services to Siding, Driveways, Sidewalks, Property Management - Execute a marketing plan to fill the Roofs and Decks; property with a qualified renter (Management Service); Provide an estimate of major construction to client – Local Real Estate Agent that can execute execute upon approval. quick sale.
  3. 3. THE FACTS… The Scary FACTS…. RealtyTrac ® Data from realtytrac.com “Bank repossessions, or REOs, continued to be the fastest growing segment of foreclosure activity in July 2008, posting a 184 percent year-over- year increase — compared to a 53 percent year-over-year increase in default notices and an 11 percent year-over-year increase in auction notices,” said James J. Saccacio, chief executive officer of RealtyTrac. “The sharp rise in REOs, combined with slow sales, has resulted in a bloated inventory of bank-owned properties for sale. RealtyTrac now has more than three quarters of a million properties in its active REO database, a number that represents approximately 17 percent of the inventory of existing homes for sale reported in June 2008 by the National Association of Realtors.”
  4. 4. THE FACTS CONT… The Scary FACTS Cont… Properties with Foreclosure Filings Rate 1/every X %Change %Change State Name NOD LIS NTS NFS REO Total Rank HH (rate) from Jun 08 from Jul 07 1 Nevada 5,350 0 1,395 0 3,315 10,060 106 15.46 96.64 2 California 36,373 0 12,506 0 23,406 72,285 182 5.27 85.28 3 Florida 0 29,708 91 9,818 6,267 45,884 186 13.71 139.24 4 Arizona 15 0 8,210 0 5,125 13,350 195 3.09 127.31 8 Colorado 3 0 3,023 0 2,350 5,376 390 10.21 -9.19 15 Idaho 513 0 314 0 109 936 658 40.54 121.28 21 Oregon 1,307 0 451 0 197 1,955 812 -4.49 192.23 22 Texas 136 0 6,102 0 4,116 10,354 891 -6.32 -16.78 26 Washington 5 0 2,054 0 703 2,762 977 0.73 55.96 -- United States 55,601 55,042 57,145 27,088 77,295 272,171 464 7.85 55.12 U.S Foreclosure Market Data by State – July 2008 RealtyTrac ® Data from realtytrac.com The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the state and national level. Data is also available at the individual county level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month — which is extremely rare — only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month.
  5. 5. THE REALITY … The Reality…. Nevada, California, Florida post top state foreclosure rates Nevada continued to document the nation’s highest state foreclosure rate in July 2008, with one in every 106 households receiving a foreclosure filing during the month. Foreclosure activity in Nevada was up 15 percent from the previous month and 97 percent from July 2007, pushing the total number of properties with foreclosure filings to over 10,000. Bank repossessions in Nevada were up 384 percent on a year-over-year basis, while default notices were up 59 percent and auction notices were up 31 percent. One in every 182 California properties received a foreclosure filing in July 2008, the nation’s second highest state foreclosure rate, while one in every 186 Florida properties received a foreclosure filing, the nation’s third highest state foreclosure rate. Despite increasing foreclosure activity, Arizona’s foreclosure rate dropped from the nation’s third highest in June 2008 to fourth highest in July 2008. Foreclosure filings were reported on 13,350 Arizona properties during the month, a 3 percent increase from the previous month and a 127 percent increase from July 2007. One in every 195 Arizona properties received a foreclosure filing, a rate that was more than twice the national average. Other states with foreclosure rates ranking among the top 10 were Ohio, Georgia, Michigan, Colorado, Utah and Virginia. California, Florida, Ohio report highest foreclosure totals Foreclosure filings were reported on 72,285 California properties in July 2008, the highest total among the states. The state’s foreclosure activity increased 5 percent from the previous month and was up 85 percent from July 2007. On a year-over-year basis, bank repossessions in California were up 427 percent, while auction notices were up 67 percent and default notices were up 34 percent. However, default notices declined 4 percent from the previous month. Florida foreclosure activity in July 2008 increased 14 percent from the previous month and 139 percent from July 2007. The state posted the nation’s second highest number of properties with filings — 45,884. On a year-over-year basis, bank repossessions in Florida increased 678 percent, while auction notices were up 180 percent and default notices were up 100 percent. Ohio’s total of 13,457 properties with foreclosure filings in July 2008 was third highest among the states despite an increase of just 2 percent from the previous month and 1 percent from July 2007. On a year-over-year basis, bank repossessions in Ohio were still up 33 percent, while auction notices were down nearly 20 percent and default notices were up nearly 8 percent. One in every 375 Ohio households received a foreclosure filing during the month, the nation’s fifth highest state foreclosure rate. After Arizona, Michigan documented the fifth highest state total in July 2008 — 11,591 properties with filings — but the state’s foreclosure activity decreased 4 percent from the previous month and 17 percent from July 2007. The state’s foreclosure rate — one in every 389 households received a foreclosure filing — ranked seventh highest among the states.
  6. 6. HOW IT WORKS… Services Web based Management and Communication System….. Communication The Asset Management Group has created a proprietary web based communication system that allows all parties to stay updated as much or as little as possible….. The system will email you on each and every task that applies to the property that you want to be notified on…. If you receive a call that requires action you can apply a task to the property and the proper personnel are notified in real time and you will be notified upon the completion. This is the latest in real time web based dash board communication! The best part of the system – you do not have to be a web expert to operate. You need a computer that is connected to the internet and a active email address – That’s IT!!!
  7. 7. SERVICE COVERAGE - REGIONS… Nationwide Service Coverage – ALL 50 STATES covered with 10 Regional Teams …
  8. 8. THE TEAM…. PM Innovations LLC / Renovatio Intl, Inc. PM Innovations LLC / DR Land Company Inc. M. Todd Singh Calvin Bosma Managing Member http://www.linkedin.com/in/toddsingh Managing Member Executive experienced in leading successful start-up and Cal has a degree in BS in Civil Engineering and has played key roles turnaround companies in multiple industries -- Real Estate, in the development of some of the country’s most dynamic projects. He has worked in the field for over 24 years in many Consumer Goods, and Consumer Electronics. Identify strategic capacities in the US and abroad, and has become a key person in acquisitions to gain market share. Capitalize on market and gaining entitlements for land development projects. opportunities to drive revenues, profits, and growth. 15 Years Public and Private C-Level Experience. Cal has participated in key roles on projects such as The South End Real Estate -- Land Development -- Retail / Commercial / Retrofit and Seismic Refurbishment of the Golden Gate Bridge, Residential; Strategic Planning – Multi-Site Operations – Strategic San Francisco Water Company Pump Station Replacements, San Alliances; New Business Development – Supply Chain -- Francisco Third St. Bridge and Light Rail Project, Jamestown Manufacturing; Finance & Budgeting – Organization Design and Verrazano Bridge Replacement, and many residential, mixed use, Development; Product Development -- VOC -- Research and retail, infill, redevelopment / revitalization, heavy civil and Development -- Go/to/Market development projects throughout the US, UK and Aus. Cal’s experiences in the field and the board room have given him the unique ability to span areas of development projects typically not Asset Management Group found in a single person entity. His abilities include acquisition and Cindy Sehorn-Singh Executive Vice President Sales entitlement experience, conceptualization and site design, financial analysis, and vertical construction management. Professional, full-time realtor since 1992, has sold over $100 million in real estate. As the Director of Internet Sales for four years, she has developed a system of utilizing the Internet and email to make the buying and selling process fun, effective and easy. Cindy has obtained the prestigious designation of Graduate Realtor Institute (GRI) a designation held by less than 4% of all Compliance sales associates. Principal of Pearl Real Estate for over five years L.Wadley with sales experience in condominiums, investment properties, Director of Compliance new construction and luxury homes. Extensive background in Over 20 years senior management experience in title. Creating internet sales, new construction and overall market knowledge. processes to ensure property is fully documented. Michele Powel Executive Vice President Operations Account Executives Over 20 years of multiple state entitlement and constructions experience. Expert in process controls from accounting to vertical We have over 20 Account Representatives Nationwide. Each have construction. over 10 years of experience.
  9. 9. ESTIMATED COST ANALYSIS…. Estimated Cost Analysis…. Timeline (Months) 1 2 3 4 5 6 Initial Service $ 640.00 Estimate - see (2) Property Inspection Report, and BPO included n/a n/a n/a n/a n/a Re / Key Door Main Door (1) included n/a n/a n/a n/a n/a Estimate Initial Cleanup Cost included n/a n/a n/a n/a n/a Install Lock Box included n/a n/a n/a n/a n/a Add Property to Website included n/a n/a n/a n/a n/a Initial Property Cleanup $ 890.00 Estimate - see (2) Inside Maintenance / Repair included n/a n/a n/a n/a n/a Inside Cleanup included n/a n/a n/a n/a n/a Outside Maintenance/Repair included n/a n/a n/a n/a n/a Outside Cleanup included n/a n/a n/a n/a n/a Remove Debris from Property included n/a n/a n/a n/a n/a Monthly Service ( 6 months ) Prices are up to Estimates - see (2), and (3) Basic Service - Monthly $ 260.00 $ 260.00 $ 260.00 $ 260.00 $ 260.00 $ 260.00 Basic Service - Bi/Monthly $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00 Basic Service - Weekly $ 460.00 $ 460.00 $ 460.00 $ 460.00 $ 460.00 $ 460.00 Extended Service - Bi/Monthly $ 390.00 $ 390.00 $ 390.00 $ 390.00 $ 390.00 $ 390.00 Extended Service - Weekly $ 490.00 $ 490.00 $ 490.00 $ 490.00 $ 490.00 $ 490.00 (1)Will Re / Key one main door; additional charges will apply for additional doors; (2)Based on an average 1,600 sq ft single family home 3Bed/2Bath/2Car Garage on 8,000 sq ft lot {Property Must have Certificate of Occupancy} (3)Extended Service includes weather package and emergency phone number posted on property
  10. 10. VALUE PROPOSITION…. Value Proposition…. Timeline (Months) 1 2 3 4 5 6 TOTAL COST OF SERVICE TO CLIENT Initial Service 640.00 640.00 Initial Property Cleanup 890.00 890.00 Extended Service - Bi/Monthly 390.00 390.00 390.00 390.00 390.00 390.00 2,340.00 Total 1,920.00 390.00 390.00 390.00 390.00 390.00 3,870.00 COST TO CLIENT FOR PROPERTY NOT BEING SERVICED Potential City Penalties (1) 500.00 500.00 1,000.00 Damage / Curb Appeal Maintenance (1) 100.00 350.00 450.00 Theft / Vandalism (2) (3) 4,000.00 1,000.00 5,000.00 Additional Discount for Sale (4) 8,000.00 8,000.00 Total - 4,000.00 100.00 350.00 1,500.00 8,500.00 14,450.00 (1) Some Municipalities charge $1,000 per Day -- others have passed local Ordinances to fix and lien property for the cost plus penalty. (2) Appliances are more than likely stolen within 45 days - including air conditioning units and furnace. (3) Copper wiring and bathroom accessories are common items after 120 days. (4) Buyer makes their initial decision to purchase the home in less than 10 seconds!
  11. 11. NEXT STEPS…. Next Steps….
  12. 12. PM Innovations LLC, a Nevada Limited Liability Company M. Todd Singh 503-720-3577 tsingh@renovatiointl.com Client Presentation 2009.14 © 2008 -2009 ALL RIGHTS RESERVED

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