In this post, we will attempt to address to burning questions around this topic:
- Why do rental property investors need asset managers?
- What is the difference between as Asset Manager and a Property Manager? Successful real estate investment management calls for an integrated management strategy with a two- pronged approach that addresses both the “macro” and “micro” considerations:
- The Micro: Daily property management of rentals that includes servicing the tenant needs completely from rent collection and lease management issues to addressing any repair and property maintenance issues that might arise. To read more details about Property Management approach, follow this link (To Asset management page)
- The “Macro: Overall asset wellness monitoring as well as investor management. This includes:
- Providing financial and strategic direction to the property manager
- Monitoring the actual property conditions and capex projects
- Real estate market monitoring, including trends and research on macro-economic, political, and financial issues.
- Addressing all investor issues with the aim of growing the investors’ portfolio while mitigating any potential risks.
To read more details about our Asset Management approach, follow this link (to Asset Management page)