ASSET MANAGEMENT

In addition to providing day-to-day management services, Vanderbilt provides out of town Asset Management Services.  The purpose of asset management, whether with real estate or any other asset, is to cultivate market value so ownership can increase its returns. Real estate asset managers focus on maximizing a property’s value for investment purposes – not to be confused with real estate property managers, who handle the day-to-day activities related to a property’s operations and physical structure.

Groups of individuals, private companies, corporations and governments sometimes purchase real estate as an investment strategy. Real property can be bought, improved and resold for profit. Other times, it can be developed, partitioned and rented or leased out.  Investing in real estate presents challenges that do not exist in capital markets. Property faces the risk of damage, tends to deteriorate over time, and often takes a decidedly more complex process to buy and sell.  Vanderbilt Property Management has been providing Asset management services for over 35 years.  In our out of town portfolio, we work with local professional property managers who facilitate the day-to-day management.  We implement the capital projects and oversee all large capital expenditures.  We have regular meetings with the on-site staff and regional management team.

Our leases and rental agreements are structured in a way that attracts tenants, provides flexibility, reduces vacancies and limits liability exposure. Resources need to be apportioned strategically; badly managed resources negatively impact portfolio value.

In many cases, the asset manager selects a property manager. The asset manager specializes in financial matters, while the property manager specializes in the functioning of property. This relationship is a crucial portion of real estate investing, much like the way a board of directors must work closely with the CEO or COO of a corporation. The broad objective of asset management is to maximize property value and investment returns. This means reducing expenditures when possible, finding the most consistent and highest sources of revenue, and mitigating liability and risk, among other things.

If you are purchasing property and want the oversight of an asset management team reviewing your capital projects, insurance needs, preparing budgets and reports to ownership, Contact Vanderbilt Property Management