Are you an investor looking to be 100% hands off?
Having a property manager still requires you to be involved but hiring an asset manager can give you the freedom you desire.
Asset Management
What Does an Asset Manager Do?
Oversee Property Manager
The asset manager is in charge of hiring, and changing, the management company and oversees all operations handled by the property management company, including approving expenses, to ensure goals are being met.
Procuring Financing
The asset manager is a great resource to financing banks for acquisitions, large construction projects or to refinance when taking advantage of better loan products.
Managing Cash Flow
Cash flow management is important in the successful management of real estate properties. Letting it get out of control will ruin the investment. The asset manager analyzes income and expenses to make informed decisions.
Market Research
Every decision made by an asset manager requires information to make the best possible decision for the client. Market research plays an important role in understanding the micro and macro economics that affect the investment.
Value Creation
Asset managers are skilled at finding new and creative ways to create value in investments. these can range from simple property, or unit, modifications to larger development projects.
Investment Strategies
Your asset manager will be monitoring income and expenses, and based on market research, will assist in creating investment strategies to take advantage of 1031 tax-deferred exchanges to continue building your real estate portfolio.
New Acquisitions
An asset manager is a great resource to assist in finding and acquiring additional properties to add to your portfolio.