When planning and creating your trust, especially if your trust is predominantly comprised of real estate assets, it’s important to make sure the trustee you engage has a background managing these assets. By hiring an experienced trustee, you are protecting the value of the assets in your trust.
If you choose an inexperienced trustee, one with little or no real estate experience, you run the risk of jeopardizing the value of the real estate held in your trust. In the worst case scenario, you may be risking much more.
Let’s say, for example, that you have amassed several commercial or residential rental properties and have placed them in trust for future generations. It is critical that the trustee knows what to do with these assets.
This encompasses a broad range of areas including: property management, asset management, rent collection, debt service payments, tax return filing, acquisitions & dispositions, distributions, and managing expectations.
Real-World Real Estate Expertise: Our Competitive Advantage
For over two decades, the professionals at The Trustee Group have helped clients with their real estate holdings and investments. They know, not only how to maintain your assets, they know how to increase its value.
The Trustee Group is experienced in all types of real estate including:residential, commercial, industrial, and land.
1. Residential Real Estate includes new construction and resale homes. This category can be further refined to include single family homes, condominiums, co-ops, townhouses, duplexes, high-value estate homes, mobile homes, and vacation homes. The Trustee Group has experience with all types of residential real estate.
2. Commercial Real Estate includes shopping centers, strip malls, mini-storage, medical centers, educational buildings, hotels, and offices.
Interestingly, apartment complexes are considered commercial real estate rather than residential real estate, because of the type of debt financing placed on the property. Additionally, they generate income rather than function as owner occupied residences.
3. Industrial Real Estate includes buildings and property used for manufacturing, distribution, and warehousing as well as buildings used for research, production, and storage. Because of ordinances and laws concerning zoning, construction, and sales, it’s crucial that the trustee be knowledgable and experienced in this area of real estate.
4. Land and Vacant Land includes working farms; ranches; undeveloped, early development, or reuse land; and site assembly. Land is an often overlooked type of real estate. If assets of your trust include land, make sure your trustee knows what to do with it.
Principle and Professional Administrative Trustee: Scott Yahraus
Scott Yahraus, principal and professional administrative trustee, has a lot of experience administering commercial and residential real estate. He has been involved in over $500 million of tax equity spanning approximately fifty transactions. He has founded four separate businesses and holds a degree in Economics from Creighton University in Omaha, NE.
Principle and Professional Administrative Trustee: Kevin Singer
Kevin Singer is also a professional trustee and principal of The Trustee Group. He has been appointed to over 358 court cases for private families, banks, private lenders, private investors, and municipalities; he has administered and transitioned over $1 billion in assets.
Mr. Singer has directed a wide variety of real estate holdings including commercial real estate and family estates. He has also managed many types of businesses including: gas stations, hotels, assisted living facilities, restaurants, bars, and construction projects. He is a licensed real estate broker and general contractor.
Contact the Trustee Group
The Trustee Group has a full complement of office support personnel, including office staff, project managers, and accountants. This enables our professional administrative trustees to guide your trust, and its assets, to the best of their abilities.
For more information about the licensed Private Professional Fiduciaries and National Certified Guardians at The Trustee Group or to engage The Trustee Group, use our Trustee Contact Form or call Mr. Singer or Mr. Yahraus at: 310.552.5315.