The city of Lowell’s Department of Planning and Development, Development Services has launched a new, voluntary Local Property Manager Registration program in an effort to improve compliance with the city’s vacant and foreclosing ordinance.

Property managers must meet minimum qualifications including experience; be located within 20 driving miles of Lowell; be current on all payments, fees or fines issued by the city; be in good standing with Development Services with no outstanding building, zoning or health code violations; and be in good standing with any state agencies issuing professional licensing or certifications held by the property manager, according to a statement. Registration is valid for one year and costs $50.

The majority of applications received for vacant or foreclosing properties are from large out-of-state banks and often attempt to register with property managers far in excess of the 20-mile local property manager requirement, according to a statement.

"Having property managers that are local ensures better monitoring of the property, rapid response to issues and a greater commitment to the community," a city representative said in a statement.

Lowell expects the program will improve compliance and overall management of the more than 450 properties registered or requiring registration in the city.

Lowell Looking For Volunteer Property Managers

by Banker & Tradesman time to read: 1 min
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