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Pm Innovations Llc Presentation Nevada 2008 2


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Pm Innovations Llc Presentation Nevada 2008 2

  1. 1. PM Innovations LLC<br />Asset Management Group<br />
  2. 2. Introduction<br />Introduction<br />PM Innovations LLC a Nevada Limited Liability Company 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.<br />The Asset Management Group services all types of properties: single, multi- family and commercial. We are a locally managed company that uses 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 recover the value of the property and maintain the property for resale or rental. Your investment becomes our investment with our total package service. <br />Highlights of what we do…<br /><ul><li> Full documented Inspection Report;
  3. 3. Lock boxes installed and main door re-keyed;
  4. 4. Complete Clean-out;
  5. 5. Trash and debris removal. In-property and yard clean-up ;
  6. 6. Lawn and landscape maintenance (weekly and bi-weekly) ;
  7. 7. Review and provide estimate to rectify current code violations from inspectors or municipalities;
  8. 8. Handy man services ;
  9. 9. Janitor Services ;
  10. 10. Roof repair;
  11. 11. Pressure washing services to Siding, Driveways, Sidewalks, Roofs and Decks;
  12. 12. Provide an estimate of major construction to client – execute upon approval.
  13. 13. Perform and conduct security check inspections. With photos if requested weekly or bi-weekly;
  14. 14. Manage and maintain relationship with all Real Estate Agents;
  15. 15. Provide our customers with before and after pictures and notifications upon completion of work via our website - equates to faster and more efficient services;
  16. 16. Provide solutions to ensure that the vacant and abandoned properties are secure, protected and looking their best at all times;
  17. 17. Property Management for already occupied properties (Management Service);
  18. 18. Property Management - Execute a marketing plan to fill the property with a qualified renter (Management Service);
  19. 19. Assist in finding a Real Estate Agent that can execute </li></ul> quick sale.<br />
  20. 20. The Facts…<br />The Scary FACTS….<br />RealtyTrac ® Data from <br />“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.”<br />
  21. 21. The Facts cont…<br />The Scary FACTS cont.<br />RealtyTrac ® Data from <br />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 LisPendens (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.<br />
  22. 22. The Reality …<br />The Reality….<br />Nevada, California, Florida post top state foreclosure ratesNevada 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.<br />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. <br />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.<br />Other states with foreclosure rates ranking among the top 10 were Ohio, Georgia, Michigan, Colorado, Utah and Virginia. <br />California, Florida, Ohio report highest foreclosure totalsForeclosure 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.<br />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. <br />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. <br />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.<br />
  23. 23. Close to Home….<br />When Scary falls close to Home….<br />RealtyTrac ® Data from <br />
  24. 24. How it works…<br />Web based Management and Communication System…..<br />Services<br />Communication<br />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…..<br />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!<br />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!!! <br />
  25. 25. The Team….<br />Renovatio Intl, Inc. <br />Asset Management Group <br />PM Innovations LLC – Arizona, Colorado, Idaho, and Nevada<br />Todd Singh <br />CEO / President<br />Executive experienced in leading successful start-up and turnaround companies in multiple industries -- Real Estate, Consumer Goods, and Consumer Electronics. Identify strategic acquisitions to gain market share. Capitalize on market and opportunities to drive revenues, profits, and growth. 15 Years Public and Private C-Level Experience. <br /> Real Estate -- Land Development -- Retail / Commercial / Residential; Strategic Planning – Multi-Site Operations – Strategic Alliances; New Business Development – Supply Chain -- Manufacturing; Finance & Budgeting – Organization Design and Development; Product Development -- VOC -- Research and Development -- Go/to/Market <br />Calvin Bosma<br />Managing Member <br />Renovatio Intl, Inc. affiliate PM Innovations LLC <br />Cal has a degree in BS in Civil Engineering and has played key roles in the development of some of the country’s most dynamic projects.  He has worked in the field for over 24 years in many capacities in the US and abroad, and has become a key person in gaining entitlements for land development projects.  <br /> <br />Cal has participated in key roles on projects such as The South End Retrofit and Seismic Refurbishment of the Golden Gate Bridge, San Francisco Water Company Pump Station Replacements, San Francisco Third St. Bridge and Light Rail Project, Jamestown Verrazano Bridge Replacement, and many residential, mixed use, retail,  infill, redevelopment / revitalization, heavy civil and 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 found in a single person entity. His abilities include acquisition and entitlement experience, conceptualization and site design, financial analysis, and vertical construction management. <br />Cindy Sehorn-Singh<br />Executive Vice President <br /> 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 sales associates. Principal of Pearl Real Estate for over five years with sales experience in condominiums, investment properties, new construction and luxury homes. Extensive background in internet sales, new construction and overall market knowledge. <br />Lynda Wadley<br />Director of Compliance<br />Over 20 years senior management experience in title. Creating processes to ensure property is fully documented.<br />Account Executives -Northwest<br />Tom Andrusko<br />Over 20 experience in land development and vertical residential construction. Member of the local community city council.<br />Kimberly Andrusko<br />Over 18 years of operating a property management company with over 150 active properties. P&L responsibility for business and all marketing efforts.<br />Jeff Russell<br />Over 17 years of land development and vertical residential construction; with an additional seven years executive experience in property management.<br />
  26. 26. Estimated Cost Analysis….<br />Estimated Cost Analysis….<br />
  27. 27. Next Steps….<br />Next Steps….<br />
  28. 28. Renovatio Intl, Inc. an Oregon Corporation<br />PM Innovations LLC, a Nevada Limited Liability Company<br />M. Todd Singh<br /><br />Client Presentation 2008.6<br />© 2008 ALL RIGHTS RESERVED<br />