Jul 31, 2021
A property manager acts on
behalf of the owner in routine tasks such as rent collection, the
administration of leases, the scheduling of maintenance and
repairs, and, perhaps most importantly, tenant relations. Asset
management, by contrast, is concerned with maximizing the revenue
potential of each property and identifying new methods of creating
longer-term additional value in the asset. These roles are distinct
from one another. Jack Langenberg explains what he does as an asset
manager for ownership groups. Jack emphasizes that asset managers
are applying downward pressure on property managers to do more,
which is likely a result of the technological advances made in
analytical and data reporting tools in the past two decades. Jack
is a real smart guy and you need to take notes.
Are you interested in learning more about how Multifamily
Syndications work? Please visit www.spiadvisory.com to learn more
about Michael Becker’s Real Estate Syndication business with SPI
Advisory LLC.
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