Services
Real Estate Asset Management
Buying an investment property comes with an added responsibility for a property owner to maintain and manage it. This may need a lot of effort and time on a consistent basis.
As real estate investors may invest in one or multiple rental properties, their real estate investment portfolios may grow. At Les Practicality Incorp., we relieve owners from the stresses of managing their real estates asset on their own. We treat and approach your properties as an investment. Many real estate investors don’t know which professional to hire. Should they turn to real estate asset management or property management?
As a real estate asset management our task is not only on overseeing the daily operations of the property but mainly to maximize the value and return on investment of a property. This includes finding the highest and most consistent sources of revenue, reducing expenditures whenever possible and risk management, among other things.
As a real estate asset manager we act as an owner of the investment property and looks out for the property owner’s best interests. We are proficient in repositioning a property and streamlining operations to reduce expenses, increase income and improve property value. We are responsible for the creation and implementation of the general strategy of the asset. Keeping track of company assets is an important task that can help to save the real estate business’ money and time.
OUR tasks include such as:
*Finding lenders and working with them
*Negotiating property agreements and leases on behalf of the property owner
*Providing due diligence for the purchase or disposition of property
*Determining the value of the property and ways to increase its value
*Marketing an asset for revenue growth
*Working with the leasing team to absorb any vacant space on a timely basis
*Preparing long-term financial projections
*Cash flow management
*Market research
*Data analysis
*Hiring and overseeing the property manager (if need be)
*Developing capital and operating expenditure budgets
*Evaluating, monitoring, and revising property financing strategy