Understanding Asset Management

• 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