John Richter

Experience

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  Custom REO Solutions

  Sept 2007 - Sept 2012

  Chief Operating Officer

  Headed of the renovation and property management departments and assessed property conditions and determined occupancy, renovation needs, and FHA conveyance conditions. Executed all logistics relating to the management of the properties such as occupancy verification and evictions, janitorial services, snow removal, and general repairs and renovations. Directed the security duties, winterization, BPOs, and vehicle removals. Oversaw the locksmith and rekey services.• Awarded the Preferred Vendor status by Field Asset Services.• Established the preservation and renovation department to manage all bank owned properties. Show less

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  Progress Residential LP

  Oct 2012 - Jun 2016

  Vice President of Field Operations and Construction

  Supervised the strategic direction of the construction and maintenance departments to ensured compliance with business requirements. Directed the field operations department and a team of 45 people in the procurement and renovation of properties and trained and guided the team to perform inspections during the acquisition process. Analyzed the performance of each market by identifying data to be included in the key performance reports. Reviewed weekly KPI reports in order to better understand and analyze the health of each market. Negotiated pricing with product and service providers nationwide to reduce cost and improve quality• Increased value of assets from $600K to $3.9B from 2012 to 2016. • Secured over 18,000 properties.• Facilitated multiple presentations to high-level financial institutions and rating agencies that raised $750M of capital for future acquisitions and renovations.• Created a process to help train the field team to determine the needed renovations and perform inspections.• Successfully internalized all operations in 8 markets across 6 States Show less

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  CYPRESS GREEN PROPERTIES

  Mar 2016 - now

  Partner

  Identify properties, analyze local market data to determine the appropriate strike price and expected sale price or rent the property will generate. Determine the appropriate renovations or upgrades needed to maximize returns. Negotiate prices and collaborate with equity firms to secure funding. Assist institutional real estate owners acquire turnkey properties, eliminating the uncertainty of renovation budget, prolonged hold times before properties rent and finding

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  Integritas Construction Services

  Jun 2016 - now

  Founder

  Licensed contractor who assists institutional owners maximize their investments in residential real estate, through thoughtful acquisitions and renovations. We take our responsibilities to our clients very serious. We understand our job is to make you successful and profitable.