Asset Management Made Simple: A Strategic Mindset to Success
Presented by: Michael Werner, Regional Vice President of Asset Living
Wednesday, July 10, 2024
10:00 AM - 1:00 PM (EDT)
![Asset Management Made Simple: A Strategic Mindset to Success](https://assets.noviams.com/novi-file-uploads/aaa/events/a-1-1.jpg)
Taking a proactive approach to asset management and using the right tools can make managing your assets less stressful.
Topics:
- Asset Manager's Role vs Regional Managers or Regional VP
- Owner Objectives
- Breakdown of one dollar of rent as it correlates to operation expenses and profit
- Why is revenue and net income important to CAP Rates
- How does on-site management build value
- The income statement and balance sheet simplified
- Asset Preservation- it's to only leasing and work orders
- Market Conditions-more to it than surveys
- Bad news - unlike wine, it does not age well
- Consultant mentality- key to professional management