Job Description

Position: Asset Manager – Real Estate Owned (REO)

About the Company

Terra Echelon is a family of companies specializing in delinquent real property taxes. We enhance collections and cash flows for taxing authorities while reducing neighborhood blight—delivering results through industry-leading practices and innovative strategies. Our companies represent the industry best in their respective practices. They are recognized leaders in their industries and strive to maintain and create new best practices.

This position will work directly with our REO division, REO America, Inc. REO America is our asset management company. We strive ourselves with a compassionate, yet firm, approach to foreclosures and a focus of adding value to each REO. We go the extra ten miles to thoroughly analyze all reasonable liquidation strategies.

Office Location & Schedule

This is an in-office position based in Boise, Idaho . Candidates must either currently reside in the Boise area or be willing to relocate within a few months of employment.

For those planning to relocate, remote work flexibility may be available during the transition period, with the expectation to be fully efficient and equipped for remote work. This includes having a dedicated home office setup with a reliable computer, high-speed internet, printer, and scanner. Full in-office attendance upon relocation is expected.

Office Hours:

• Monday–Thursday: 8:00 AM – 4:30 PM
• Friday: 8:30 AM – 3:30 PM

About the Job – Asset Manager

The Asset Manager is a critical driver in the lifecycle of real estate assets owned by the Company and its clients. This role is responsible for managing the foreclosure process, clearing title issues, overseeing renovations, and executing successful sales strategies.

Our Asset Managers serve as the hub of the wheel in each market—bringing together all spokes, including attorneys, real estate agents, contractors, and vendors, to keep operations turning smoothly. They are the central force ensuring seamless communication and execution across every stage of the asset’s journey.

This is a fast-paced, high-impact role offering significant growth potential within a mission-driven company. Our team values initiative, creative problem-solving, and a shared commitment to improving communities through responsible real estate stewardship.

Success in this role requires:

• Market Expertise: Deep knowledge of assigned territories, including pricing trends and buyer behavior.
• Problem Solving: Ability to navigate challenges proactively with minimal oversight.
• Collaboration: Willingness to share ideas, insights, and strategies to improve team performance.
• Execution: Driving profitability and timely execution while upholding the Company’s standards and meeting investor expectations.

Primary Job Duties & Responsibilities

• Manage the foreclosure and title clearing process across multiple portfolios and markets.
• Build and maintain strong working relationships with attorneys to ensure timely progression through legal stages.
• Execute and oversee property preservation with both new and existing vendors to maintain asset condition.
• Prepare, analyze, and recommend disposition strategies using our Exit Strategy methodology.
• Coordinate with contractors for renovation bids and project management, ensuring completion is on time and within budget.
• Collaborate with listing agents, and when applicable For Sale by Owner (FSBO) listings, to develop effective marketing strategies.
• Ensure each property advances through the asset management process promptly, in alignment with our “No Property Left Behind” approach.
• Stay informed on market conditions, pricing trends, and buyer behavior to guide valuation and strategy decisions.
• Demonstrate strong communication, organization, and problem-solving skills with the ability to independently manage a high-volume portfolio.
• Actively contribute to team success by sharing market insights, process improvements, and creative solutions.

Qualifications

• 3+ years of experience in real estate asset management, REO, or related field (foreclosure, title, or acquisitions).
• Strong understanding of real estate transactions, title review, and property marketing strategies.
• Proven ability to manage multiple properties across various markets simultaneously and meet goals and deadlines.
• Experience working with attorneys, realtors, contractors, and third-party vendors.
• Intermediate to advanced knowledge of construction, including renovation management, budgeting, and contractor oversight
• Excellent communication and interpersonal skills; able to navigate negotiations and guide stakeholders.
• Highly organized and detail-oriented with strong follow-through and time management.
• Ability to think creatively and strategically to maximize asset performance.
• Comfortable making decisions independently and solving problems with minimal oversight.
• Proficiency in Microsoft Office Suite with strong Excel skills required.
• Passionate about the real estate industry.

Travel Requirements

Asset Managers are expected to occasionally travel to their various markets and occasionally assist with attending auctions. Most travel a few times a year.

Compensation

• Base Salary: $45,000 – $65,000
• Bonus Opportunity: Eligible for sales-based bonuses averaging $20,000 annually, with potential for higher earnings tied to sales volume
• Total Compensation Potential: $65,000 – $85,000+, depending on portfolio sales and performance

Benefits

Medical, Vision, and Dental benefits available, paid holidays and vacations days, 401k with up to a 3% employer match.

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