Asset Management

What is Real Estate Asset Management?

Asset ManagementAs Asset Managers we look at the entire existing portfolio with regard to any planned portfolio changes.

Operational Cost and Income Structure. We investigate the cost and income structure to identify opportunities for improvement. This can be active Supply Chain Management, combining the entire portfolio and in the next step bundling the buying power of different portfolios we manage in negotiations with suppliers.
Capital Expenses Based on the results of the Due Diligence. We establish a rolling Capital Expenses Budget Plan which is kept up to date with the actual needs. We identify those investments that might bring a quick win through improvement of the rental situation.
Organising and Supervising the Property Management. Based on a detailed scope of works we develop based on the investment philosophy of the investor, we help to identify and contract appropriate service providers for Property Management.Main tasks for the Property Manager is rent collection, dealing with tenants and service providers, maintenance and repairs within the framework set by the owner or his Asset Manager.
Performance Measurement
is key to our service philosophy: What you measure is what you get! (also see article "Performance Measurement in Real Estate Investment") We have developed a system of Service Level Agreements with Key Performance Indicators for Property Management including performance reviews and evaluations. We always incorporate a performance based element into any management fee, including our own.There is also the aspect of measuring the performance of each property in a portfolio and the entire portfolio against the business plan at the outset. This aspect is reflected in our performance focussed reporting. A separate posting for Performance Measurement will follow.
Reporting in compliance with the needs of the investor/owner. We develop a reporting structure and make this part of any contract with Property Managers and/or Facility Managers. It defines time and contents of any regular or ad hoc reports. A summary report by the Asset Manager is available to the owner on an internet based Client Portal and is the Executive Dashboard.Applying the Balanced Score Card philosophy this report contains the actual data and performance against agreed targets. Besides the obvious like rental income, this might include tenant turnover (as a measurement of the customer care by the Property Manager), the meeting of reporting deadlines and financial management
and other goals that are important to the investor.Operational reporting is also of growing importance for lenders. Not only in cases of securisations extensive quarterly reports are required. If you are interested to find out more about our reporting tools please check back weekly.
Risk Management. Because financial institutions have to perform a risk assessment before any lending, if the investor can show that he has his own risk management in place it will influence the interest rate positively. We establish and agree a risk matrix with the owner and actively manage it during the operational phase.
Outline Proposal. As a guideline we have prepared a generic Outline Proposal which will be detailed in each case for each investor and Property.For more detailed information about Real Estate Asset Management please visit the website of Berlin Portfolio Ltd.

This list is not complete by any means but should provide an insight on the main deliverables of the Property Asset Management Service.

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Author:

The author is a Berliner and active in the German property market for more than 25 years. Experienced as project manager, developer and head of the German Business for a UK based property consultancy he now owns and operates Berlin Portfolio Ltd. His international background and local expertise is an ideal combination for an international investor. Contact: E-Mail

What Can You Learn In An Asset Management Training?

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The first thing that you will learn is that assets also have lifecycles. It has four stages that all different firms consider. It starts with planning and then procurement. This includes considering which or what to procure, order, receive, and test. The thing is to manage daily business operations in order to take advantage of productivity. If you want to have balanced returns, you need to know the operation costs of the company and compare it with the existing assets and profits

. And the last is ensuring the accurate payment of taxes, as well as considering amortization, depreciation, and other related costs.

Through asset management training, you will also learn to identify the right tools to use in asset management. Remember that the tools are simply elements to make asset management feasible. Each company and organization is unique and it has its own objectives and needs and so the processes used in asset management may also differ.

By definition, asset management is all about managing assets that were invested by different sectors. So if you want to become an asset management advisor or part of the team, you must undergo proper training and you should also have enough experience in order to be considered as one of the best in your chosen field.

You will learn from your training that assets consist of chairs, desks, factory equipments, computers, and buildings. You need to track all these assets but aside from that, it is also your responsibility to manage the demand for such accounts and resources for depreciation and asset values. By organizing all these pieces of information, you can have all the vital data needed by the company.

After the training, you can already espouse proper and timely management, tracking and asset disposal, and maintenance; and you can do this for corporations, companies, and even individuals. As an asset management advisor, you can help in managing the asset-loss risks through time. This is a very important aspect both for individuals and businesses. It can also help in increasing sales figures and handling costs over time. You can now maximize the utilization of financial assets.

If you want to become an expert or at least a knowledgeable person in asset management, you must get the proper training. Only through training can you gain knowledge and experience so that when you’re already out in the real world of business , you can perform at your best. So what are you waiting for? Be part of the asset management team or department and secure the right training.

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Author:

Sandra Stammberger owns and operates http://www.assetmanagementunited.com/assetmanagementtraining.html - Asset Management Training

A strategic approach to asset management

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Asset management is conventionally assumed to be a term that describes the processes carried out by the financial industry for wealth and portfolio management. In modern day business practice

, this term can extend to equipment, infrastructure and even digital information. With company processes extending from the ‘cradle to the grave’, managing the stages of a companies asset lifecycle not only maintains them in good working order, it reduces the costs, increases productivity and extends the useful life of the asset. In capital intensive industries where the cost of equipment and systems is high, effective asset management can result in a significant improvement to a companies bottom line.

The monitoring and reporting process associated with asset management allows companies to make more informed choices about the distribution of resources. With inventory monitoring and pre-determined maintenance schedules, companies can reduce the capital costs associated with poor asset management and overstocked inventory levels. This capital can be reallocated to other areas of the organization for process improvement or business expansion. Managers can spend less time in fulfilling equipment requirements and more time on business initiatives that support the companies overall goals and objectives.

Asset management software permits companies to monitor and manage extensive information systems. With organizations increasingly dependent on information flows and critical data, maintaining system integrity and protecting infrastructure from external attacks has become critical for a companies operational viability. Monitoring software permits network scanning of hardware for external connections, data access and the installation of programs not approved as part of a companies technology mandate. With real time reporting and email alerts, it managers can reduce system support requirements and focus on central core it objectives. This ultimately improves productivity by reducing downtime and freeing up time that would otherwise by consumed by administrative tasks.

Asset management also supports decision making by improving business reporting requirements. Whether it be purchase, cost, replacement or maintenance issues, asset management software can provide business critical data ‘on the fly’ to know resource and capital requirements ahead of time. Integration with other centralized business reporting equips managers with important data for strategic decision making purposes across all business units. The modern demands of business require information be delivered in fast, efficient and meaningful way. An asset management framework can assist companies in this regard.

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Author:

Andrew Winthorp owns and operates http://www.asset-management-resource.com Asset Management. Learn more about the value of asset management to an organizations operational framework.