What’s the Difference?
When it comes to managing and optimizing a real estate asset, there are a lot of things to consider. Oftentimes, to get the most of their real estate investments, real estate investors opt for experts that can assist them with property management and asset services as their property portfolio beings to grow. However, especially for newer real estate investors, it can be difficult to decipher the difference between the two real estate services.
Here’s a quick breakdown of both services so you know what’s what when it comes to managing your real estate properties in Atlanta.
Asset Management
Atlanta asset management providers look at the big picture of a property; they specialize in putting together plans for your properties that will benefit them in the long run. They’re the people you turn to when you want to maximize the value of each of your rental properties, and they’re also the people you consult to devise a plan that will realize the highest return on investment (ROI) for you.
Responsibility-wise, asset managers are known for doing the following:
- Creating a comprehensive strategy for each individual rental property as well as your entire real estate portfolio
- Hiring and overseeing property managers
- Preparing, monitoring, and adjusting property financial projections and financing strategies
- Reducing expenses and upping income to strengthen asset value
Property Management
Property managers are your go-to resources for the day-to-day needs of managing your rental properties. They are experts in finding (and keeping) great tenants, executing leases, enforcing terms and conditions, collecting rent, bookkeeping, paying vendors, and maintaining the overall appearance and structural integrity of the property at hand. In addition, property managers are responsible for providing monthly and year-end financial reports to property owners.
Atlanta Asset Management Services and Property Management Services
Quality, reliable, and innovative asset services and property management services are crucial for rental properties to thrive and succeed—both for real estate investors and their tenants alike. At EpiCity Real Estate Services, you can get the best of both worlds. Our skilled and communicative team of asset managers and property managers are just what your rental properties need to flourish.