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SingleSource Introduces New Cash for Keys Calculator

""SingleSource Property Solutions"":http://www.singlesourceproperty.com/ has announced the rollout of the company's proprietary ‘cash for keys' calculator.


SingleSource says while many firms offer a cash for keys tool, they typically focus on carrying costs alone.

""Our calculator arrives at a monthly cost to carry and incorporates ‘actual' eviction and redemption timelines to arrive at a ‘true' cost to carry,"" SingleSource explained in


a statement. ""The cost to carry is then overlaid by an estimation of like rent and identifies the perceived savings by the tenant by remaining or vacating the subject property.""

SingleSource points out that borrowers are more sophisticated than in the past and have a better understanding of the eviction process.

The company says its new calculator tool can be used to pinpoint a figure that will motivate a hold-over tenant to take action, while providing a definable cost-benefit analysis that assures investors of a positive net present value.

SingleSource explained that its development staff utilized many interdependent variables in the creation of the new cash for keys tool, which can be customized to fit any organization's asset disposition policy.

SingleSource is a provider of integrated mortgage services and property management solutions. Headquartered in Canonsburg, Pennsylvania, the firm maintains a national network with service coverage in all 50 states, the U.S. Virgin Islands, and Puerto Rico.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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