Throughout his career, Jim Donnelly has worked in several aspects of the Real Estate industry. From working in a construction environment managing projects ranging from residential subdivisions to remodeling banks, to providing consultation services to companies interested in bidding the HUD Marketing and Management (M&M) contracts throughout the United States. Jim played a vital role in the success of HUD’s pilot program for the Marketing and Management contract for single-family homes, 1- 4 units, which has helped to advance him as one of the leading experts in the industry.
In June 1993 as a consultant on the Arizona REAM contract, Jim was responsible for the development of a business strategy in order to facilitate compliance under that contract. Upon the successful completion of the Arizona REAM contract, Jim became the Senior Vice President of Operations at Golden Feather Realty Services. In this position he assumed the responsibilities for 5 awarded contracts in the national M&M solicitation. These areas consisted of approximately 24,000 homes with a monthly acquisition level in excess of 6,000 properties. Jim oversaw sales and acquisitions of more than 120,000 HUD properties in the five contract areas during the next three and one-half years. As a private contractor, they were able to produce a $4 billion dollar net gain for FHA/HUD. These savings were accomplished by using innovative analysis of the properties and strict adherence to timelines laid out by management over and above contract requirements. From there, Jim independently provided consultation services to companies interested in developing a strategic plan for the bidding and management of HUD single family marketing and management contracts throughout the United States. He was part of a management team successfully landing M&M II contracts in Arizona, Nevada, California, Utah, Colorado, Montana, and Wyoming.
“My philosophy in business was developed under the stewardship of Robert Kolitz, my mentor and friend. While my approach to business operations had been that I needed to see and touch everything, he instructed me that the most important aspect of running any large organization was instead to deal with the exceptions that occur so as to better facilitate one’s time. My personal feelings are that equipment and technology is not the most important asset of any successful organization - but its people who perform the day to day operations of said business. Using these practices enabled our ability to assemble an outstanding team. This practice encouraged the development of individuals who today are entrepreneurs, executives, and sub-contractors involved in the public and private sector of REO disposition throughout the United States. This process was responsible for many of the current organizations and senior managers leading many current M&M REO contracts within the current HUD REO disposition program.”
As Executive Vice President, Jim now brings his vast wealth of experience and knowledge to RERS, adding to the strengths of the RERS team.