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Updated 3 months ago on . Most recent reply

User Stats

4
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1
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Kevin Waymire
1
Votes |
4
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Asset Management Help!

Kevin Waymire
Posted

First time posting. I’m looking to network with people that help asset manage multi family apartment complexes.

My business partner and I have grown to almost 300 units. I want to improve our asset management side. We have a property manager but want to maximize our earnings.


would someone be interested in talking?

Most Popular Reply

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21
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38
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Marissa Pesce
  • Developer
  • Los Angeles, CA
38
Votes |
21
Posts
Marissa Pesce
  • Developer
  • Los Angeles, CA
Replied

Asset Management is a HUGE undertaking on multifamily properties, and you can't rely just on a PM for most of the functions. For example, we've recently taken over marketing internally because the property management company was not experienced enough in using the newer advertising methods we need to pursue. Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly.  @Kevin Waymire - it's great to start thinking about this now. A lot of operators don't focus enough on the asset management component and rely too much on the PMs. Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures. I'll message you directly to see if you want to talk more. The asset management piece of investing is not focused on enough, in my opinion. 

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