Bernard/Allison has extensive experience as a Receiver and as a manager of REO properties for lenders and other financial institutions.   We are usually able to obtain Receiver bonds within 24-48 hours.  We have been appointed as Receiver on over 20 properties consisting of more than 5,000 apartment units.  Accounting is one of our strengths, with one CPA, one Chartered Accountant and a full accounting department consisting of 14 staff members.  We have prepared and submitted the full array of reports to the courts for receiverships and bankruptcies.  Our property staff members are approximately 600 employees in 4 states, currently managing over 20,000 apartment units.  We have improved occupancy, reduced operating expenses and increased value for the benefit of all in each receivership we have managed.

Monthly fees are based on size, age and complexity of the property.   The management fees generally range between 3.5% and 5% of gross operating receipts with a minimum charge of $2,500 per month.  In addition, a $250 to $500 per month administrative fee is charged for the additional responsibilities and reports as a Receiver.

Bernard/Allison Management Services, Inc.

Former Receiverships

Property Name	# of Units
Camelback Greens	148
Springwood	160
Stonegate	310
Vista Sureno	186
Sun Valley Gardens	224
Shadow Bend	108
Shadow Creek	266
Dobson Village II	352
Sun Creek	175
Casa Anita	224
Papago Vista	136
Del Coronado	419
Lincoln Village	115
Quail Ridge	253
Sandle Ridge	196
Rancho/Mirage Verde	856
Northridge	376
Bethany Village	152
Casa Espana/Casa Royale	74
Saratoga	286
Canyon Palms	143
La Privada	350