{"id":35957,"date":"2021-03-16T17:55:41","date_gmt":"2021-03-16T21:55:41","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=35957"},"modified":"2021-03-16T18:56:12","modified_gmt":"2021-03-16T22:56:12","slug":"mandi-marra-operates-a-successful-property-preservation-company-in-ballston-spa","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/03\/mandi-marra-operates-a-successful-property-preservation-company-in-ballston-spa\/","title":{"rendered":"Mandi Marra Operates  A Successful Property Preservation Company in Ballston Spa"},"content":{"rendered":"<figure id=\"attachment_35958\" aria-describedby=\"caption-attachment-35958\" style=\"width: 195px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-35958\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/03\/mandi-marra-v-195x300.jpg\" alt=\"\" width=\"195\" height=\"300\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/03\/mandi-marra-v-195x300.jpg 195w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2021\/03\/mandi-marra-v.jpg 432w\" sizes=\"auto, (max-width: 195px) 100vw, 195px\" \/><figcaption id=\"caption-attachment-35958\" class=\"wp-caption-text\">Mandi Marra operates M&amp;K Preservation LLC in Ballston Spa.<br \/>Courtesy M&amp;K Preservation LLC<\/figcaption><\/figure>\n<p class=\"p1\">By Andrea Harwood Palmer<\/p>\n<p class=\"p2\"><span class=\"s1\">Mandi Marra began her property preservation company out of Ballston Spa four years ago. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cIt\u2019s a complicated business. It\u2019s an ever-evolving industry,\u201d said Marra.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">The company manages bank owned assets such as foreclosures. M&amp;K Preservation acts as a third party to the bank that owns the foreclosed property, contracting with national mortgage field companies such as Mortgage Contracting Services LLC. They are the eyes and the ears for the company out in the field. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Marra began her career working in the back office of a friend who owned a similar company in a different region. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cI was really inspired by her and the work she did. She taught me how to navigate everything, and I decided to give it a shot for myself,\u201d said Marra. Marra works within an hour radius of Ballston Spa, and works with different national mortgage field companies, to avoid any semblance of competition between the two businesses.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Over time, the company grew to include seven other employees and five company vehicles out on the road. Marra employs her own contractors full time. Each are supplied with a company work truck.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><!--more-->When M&amp;K Preservation first gets a service request, her company assesses the distressed property for repair costs. Locks are changed and plumbing is winterized. The contracting agency decides how much money they want to put into repairs, and M&amp;K Preservation completes the work.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">M&amp;K Preservation also maintains and services bank-owned properties to avoid municipality penalties on snow and grass maintenance. New York state has legislation addressing so-called \u201czombie properties,\u201d imposing a responsibility upon mortgagees or their servicing agents to inspect, maintain and secure abandoned and otherwise vacant properties.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">M&amp;K Preservation, LLC is considering a small expansion into the Syracuse area. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Otherwise, Marra intends to keep the business intentionally small, centrally located and within reasonable control. While the day starts for the team at 7 a.m. when the trucks hit the road, Marra\u2019s day ends far after everyone else has gone home. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">M&amp;K Preservation, LLC is located in Ballston Spa.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Andrea Harwood Palmer Mandi Marra began her property preservation company out of Ballston Spa four years ago. \u201cIt\u2019s a complicated business. It\u2019s an ever-evolving industry,\u201d said Marra. The company manages bank owned assets such as foreclosures. M&amp;K Preservation acts as a third party to the bank that owns the foreclosed property, contracting with national [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":35958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-35957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-development"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Mandi Marra Operates A Successful Property Preservation Company in Ballston Spa - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/03\/mandi-marra-operates-a-successful-property-preservation-company-in-ballston-spa\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Mandi Marra Operates A Successful Property Preservation Company in Ballston Spa - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Andrea Harwood Palmer Mandi Marra began her property preservation company out of Ballston Spa four years ago. \u201cIt\u2019s a complicated business. 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