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Understanding Asset Management
Season 7
Episode 151
Published 4 years, 6 months ago
Description
- Asset Managers keep Property Managers Accountable to make sure the business plan is being executed
- Investors hold Asset Managers Accountable to make sure the investors are getting paid
- As an Asset Manager you should have a weekly meeting with your property manager
- During the meetings you should understand your physical occupancy, we target 95%
- We also review the delinquency narrative to make sure residents are paying but also if any residents need assistance
Pro Tip: Use a project management tool like Asana to help manage your projects