Today's Guest Post is by none other than our very own owner and operator Alann Severinsen. Alann is the owner of Provident Property Management, a St. Charles-based full service property management company. We offer a new approach for today's real estate rental market. Our unique service model allows owners to pick the services they need and customize their service package. Because we are a service oriented company, we work hard to keep our clients and don’t rely on strict contracts to force people to stay with us. Alann has a Masters in Real Estate Development, is a local Real Estate Agent and has 7 yrs of investment property experience.
Real Estate Asset Management - How It Works and Why You Should Find Someone to
Help You.
The real estate asset management function is made up of property level specialists who add value to an owner’s Portfolio. The specialists are experts in either local market fundamentals or in specific property types, and are responsible for optimizing the value of the assets in their custody. Asset managers help to aid owners in creating an investment plan and on selecting the properties they want to acquire to meet that plan.
In addition to providing portfolio management information on local prospects and facilitating transactions, the asset manager is responsible for property-level performance.
In addition to approving budgets and performing expense management, asset managers increase value by managing the leasing at one or more properties. Although it may seem like a simple affair, leasing is a complex task that decides property and portfolio value. Successful leasing is achieved by finding and executing the highest possible leasing opportunities at each property and by conducting a leasing program that aligns with portfolio strategy while maintaining the best relations with existing tenants. A good manager never loses sight of the owner’s goals while engaging tenants in leasing.
When it comes to real estate investment, management's ability to execute asset management plans in addition to performing leasing practices is key. As a real estate investment manager, this means optimizing the value of the properties in his or her portfolio, both through the selection and management of the portfolio's real estate assets. Lots of time and effort goes into making sure only the correct properties are acquired and that the leasing program is followed through on every property in that owner’s portfolio. Finding an asset manager that is willing to work with you on your goals and then follow through on those plans is key to having a successful and stress free owner portfolio.
Real Estate Asset Management - How It Works and Why You Should Find Someone to
Help You.
The real estate asset management function is made up of property level specialists who add value to an owner’s Portfolio. The specialists are experts in either local market fundamentals or in specific property types, and are responsible for optimizing the value of the assets in their custody. Asset managers help to aid owners in creating an investment plan and on selecting the properties they want to acquire to meet that plan.
In addition to providing portfolio management information on local prospects and facilitating transactions, the asset manager is responsible for property-level performance.
In addition to approving budgets and performing expense management, asset managers increase value by managing the leasing at one or more properties. Although it may seem like a simple affair, leasing is a complex task that decides property and portfolio value. Successful leasing is achieved by finding and executing the highest possible leasing opportunities at each property and by conducting a leasing program that aligns with portfolio strategy while maintaining the best relations with existing tenants. A good manager never loses sight of the owner’s goals while engaging tenants in leasing.
When it comes to real estate investment, management's ability to execute asset management plans in addition to performing leasing practices is key. As a real estate investment manager, this means optimizing the value of the properties in his or her portfolio, both through the selection and management of the portfolio's real estate assets. Lots of time and effort goes into making sure only the correct properties are acquired and that the leasing program is followed through on every property in that owner’s portfolio. Finding an asset manager that is willing to work with you on your goals and then follow through on those plans is key to having a successful and stress free owner portfolio.
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