Real Estate Asset Manager

Responsibilities of a Real Estate Asset Manager: How It Helps

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Most of us are familiar with the role that property managers play i.e.  they manage the financial aspects of owning a property:

  • Collecting rent
  • Taking care of taxes
  • Ensuring insurance, payroll, and maintenance bills

Real estate asset management, on the other hand, is a little different.  In short, asset managers maximize the performance and value of a company’s real estate investment portfolio, whether it consists of offices, retail, and/or multi-family units.  

 

How Does This Benefit Me?

Real estate returns have a lower risk than other asset classes like stocks and bonds i.e. when managed properly, they can net you higher returns. Asset managers not only help you maintain the day-to-day duties of your portfolio they also increase your ability to influence performance.

An effective asset manager – like the ones at RAM Real Estate Asset Management – will have a more hands-on approach when it comes to helping you increase your property’s value. They will help you work out even the tiniest details i.e. replacing leaky roofs, improving the exterior, or populating buildings with higher quality tenants.

effective asset manager

What’s the Catch?

Like with many other things in life, real estate investments come with some risk. For instance, transaction costs are significant when compared to other investment classes. In this way, it is more efficient to purchase larger real estate assets, as this spreads the cost over a larger base.

Following this tactic requires ongoing maintenance on two levels:

  • Property Management: To deal with the day-to-day operations
  • Strategic Management: To help you find long-term investment positions

Handling this type of investment on your own can be tough and time-consuming. So, if you want to build a strong portfolio that will provide you with a decent ROI, consider employing the services of the experts at RAM Real Estate Asset Management – not only will they give you everything you need to stay on top of market trends, they will also help you measure risk to increase your chances of acquiring an investment property that turns a profit.

 

The Bottom Line

When it comes to real estate investing, having an intelligent, savvy, and experienced professional on your team that helps you effectively manage your property is a valuable asset. At RAM Real Estate Asset Management, we have over 125 combined years in the real estate  business and we pride ourselves on professionalism, helping our clients find high-quality properties and – most of all – making sure that their investments generate money. Contact us today to learn how we can help boost your portfolio with lucrative real estate investments.

property management

4 Benefits of Professional Property Management

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When we first start investing in properties, we tend to have the best of intentions. But due to a high level of self-awareness or nasty run-ins with tenants, we learn quickly that handling the day to day operations can be a very frustrating and time consuming experience. 

If you don’t have the desire, knowledge, or time to do all the things that are required of a landlord in Nevada, consider employing the services of a professional property management company to take over the day-to-day operations. 

Property Management Companies Explained

A property management company handles everything from applications to evictions. Other services include but are not limited to:

  • Delivering official notices to tenants
  • Collecting rent
  • Making maintenance and repair-related appointments
  • Vacant apartment marketing

Benefits of Professional Property Management

The biggest advantage of professional property manager is the money and time they can help you save. These experts remove much of the hassle of investing by helping you in four key areas:

Screening

Rental properties only make money when they are occupied by tenants who not only pay their rent on time but care about the property i.e. avoid damaging the unit more than the normal wear and tear. A thorough and comprehensive screening process will help you sift the good from the bad, significantly increasing your chances of getting the tenants you want in your units. Cutting the corners here is a surefire way to lessen the monthly revenue potential of your property.

Vacancies

Empty rental properties are a waste of money. If someone isn’t there to pay the rent, the responsibility of paying the mortgage falls on you. Understandably, handling the turnover process, doing the marketing, as well as the other tasks associated with vacancies can take a lot of time but, property managers with expertise and experience can help shorten the vacancy time and get the unit ready for new tenants.

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Lease Agreements and Other Legal Issues

Coming up with and implementing good lease agreements takes a lot of effort and time. Furthermore, they tend to play a major factor in possibly the most frightening aspect of being landlord – the legal issues that inevitably arise. A property manager will make sure that your property and everything associated with it is up to snuff.

The Bottom Line

If you own several properties or have little to no experience in property management, you should consider employing the services of a reputable firm like RAM Real Estate Asset Management. They will ensure that you fully enjoy the benefits of real estate investing without having to put in all the hard work.