Understanding Asset Management

On this episode, Mike Taravella talks about asset management.

Key insights include:

✔ 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