Written by Dennis Gassoway, as originally published in The Reverse Review.

To reduce cost, mitigate risk and shift liability for loss, consider outsourcing property tax and insurance management to a third-party servicer. As property tax regulations grow more complex nationwide, in-house servicers are faced with the difficult task of tracking property taxes and insurance.

Tax collectors must replace reduced revenue streams and are under pressure to put delinquent taxes out to bid sooner than ever for tax deed or lien sale. In-house servicers are finding it harder to keep pace with the constant change in tax rules and shortened timelines. Making this move will provide protection to you, your customers and your investors with minimal impact on staff and operations. You have the ability to better manage and track cash, assets, and expenses by leveraging the best practices that a tax and insurance specialist has to offer.