Asset Management VS Property Management
Property Management: A property management companies job is to manage your rental properties day-to-day operations, collect rents, pay expenses and report maintenance issues to you the property owner. Their job is NOT to maximize your investment income or returns.
Asset Management: SIFF’s Asset Management services were designed for real estate investors. Our job is to maximize your investment returns, lower your expenses, save you time and make ongoing recommendations for improving the management process.
We oversee the property management team to provide a higher level of accountability, ensuring you receive the best service, pricing and management options available. At SIFF we understand that purchasing an investment property is just the beginning of a successful investment. Having a great property management company and team of professionals is essential. Without proactive management many investors are unable to maximize their properties potential resulting in lost income and higher expenses.
This is why we created our Asset Management service. It provides a platform that enables you to make educated and informed decisions regarding your investment Real Estate. SIFF’s experience and recommendations assists you in deciding whether you should purchase, refinance, sale, exchange or manage your real estate differently. We strive to build personal relationships to ensure we fully understand your needs and investment goals.
Asset Management Services include, oversight of the property management team, maximizing your rental income potential, ensuring your units are up to market rent standards, working to lowering the cost of maintenance projects and vacancy rate. We work with the Property Managers to prepare for upcoming vacancy to minimize downtime and provide a faster turnaround. Again, this helps to maximize you income potential and minimize lost rent.