Asset Manager - Boise - REO America, Inc

Description

Company Description

REO America, Inc. is the asset management division of Terra Echelon, a group of companies specializing in delinquent real property taxes and real estate resolution strategies. Based in Boise, Idaho, our team manages real estate assets acquired through tax lien and foreclosure processes across multiple states.

We focus on disciplined asset resolution — evaluating each property individually to determine the most effective path forward, whether through as-is sale, targeted improvements, or alternative liquidation strategies. Our approach balances financial responsibility to our clients with a commitment to community impact, seeking to reduce blight and return properties to productive use.

REO America operates with a high degree of ownership, accountability, and strategic execution. We are committed to thoughtful decision-making, strong market awareness, and consistent follow-through across every stage of the asset lifecycle.

Office Location & Schedule

This is an in-office position based in Boise, Idaho. Candidates must reside in or within reasonable commuting distance of Boise.

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 assets from foreclosure through final disposition across multiple states and markets. Depending on the property and market conditions, strategies may include as-is liquidation, targeted improvements, or alternative value-driven approaches.

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 consistent communication, forward momentum, and accountability at every stage of the asset's journey.

Success in this role requires strong market awareness, sound judgment, and disciplined execution. Asset Managers are expected to understand local trends, pricing dynamics, and buyer behavior in their assigned territories, and to apply that knowledge when guiding strategy decisions. This role demands proactive problem-solving, strong organization, and the ability to move complex files forward independently. This is a fast-paced, execution-focused role requiring strong prioritization and consistent follow-through.

Innovation and thoughtful execution are encouraged. Each asset presents unique legal, financial, and market considerations, and Asset Managers are expected to evaluate options carefully—whether determining appropriate pricing, assessing contractor bids, or selecting the most effective liquidation strategy. While the role operates with a high degree of ownership, collaboration remains important. Sharing insights and lessons learned strengthens overall team performance.

Direct asset management experience is not required. We are willing to train the right candidate. However, a solid foundation in real estate fundamentals and practical construction knowledge is essential, along with the ability to think independently and make sound decisions.

The ultimate goal is to drive profitability and timely execution on each asset, 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, ensuring timely progression and resolution.
• Build and maintain strong working relationships with attorneys to monitor legal stages, address obstacles, and keep files moving forward.
• Oversee property preservation and vendor performance to maintain asset condition and protect value.
• Evaluate each asset using our Exit Strategy methodology to determine the most effective disposition path — whether as-is sale, targeted improvements, or alternative liquidation strategies.
• When applicable, engage with former property owners in an effort to reach practical and respectful resolutions that balance compassion with the Company's and clients' financial interests.
• Review contractor bids and scopes of work when applicable, ensuring pricing aligns with market expectations and projected resale value.
• Coordinate renovation or improvement projects when pursued, monitoring timelines, budgets, and overall execution.
• Collaborate with listing agents — and when appropriate, manage For Sale by Owner (FSBO) efforts — to develop and execute effective marketing strategies.
• Ensure every property advances through the asset management lifecycle in alignment with our "No Property Left Behind" philosophy.
• Monitor market conditions, pricing trends, and buyer behavior to guide valuation and pricing strategy decisions.
• Maintain detailed documentation and provide clear status updates across your assigned portfolio.
• Demonstrate strong communication, organization, and independent problem-solving while managing a high-volume, multi-state portfolio.
• Contribute to team performance by sharing market insights, process improvements, and creative solutions.

Qualifications

• 1–5 years of experience in real estate, foreclosure, title, escrow, property management, construction coordination, acquisitions, or a related field preferred. Direct asset management experience is not required; we are willing to train the right candidate.
• Strong understanding of real estate fundamentals, including comparable sales analysis, pricing strategy, and transaction flow.
• Practical construction knowledge, with the ability to review contractor bids, evaluate scope of work, and assess whether renovation or repair costs align with projected resale value.
• Ability to manage multiple properties across various markets simultaneously while maintaining organization and forward momentum.
• Experience communicating with attorneys, real estate agents, contractors, and third-party vendors preferred.
• Strong written and verbal communication skills, with the ability to navigate negotiations and sensitive conversations professionally.
• Highly organized, detail-oriented, and disciplined in documentation and follow-through.
• Demonstrated ability to think independently, exercise sound judgment, and solve problems with minimal oversight.
• Proficiency in Microsoft Office Suite required; strong Excel skills preferred.
• Passionate about the real estate industry and motivated to build a long-term career in real estate operations and asset performance.

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: $55,000 – $65,000
• Bonus Opportunity: Uncapped bonus structure tied to asset disposition outcomes and portfolio profitability. Bonus earnings vary based on portfolio composition and timing.
• Total Earnings: Total compensation varies based on portfolio results and asset resolution timing; strong operators have meaningful upside potential.

Benefits

Medical, vision, and dental benefits available; paid holidays and vacation days; 401(k) with up to a 3% employer match.

We value accountability, initiative, and ownership. If you are looking for a role where you can think independently, grow professionally, and directly impact asset outcomes, we encourage you to apply.