Search This Blog

Sunday, September 25, 2011

Maintenance And Asset Management: Asset Management in Business

By Arthur Crandal

The key to effective business making is 'Asset Management'. The management of securities like shares, bonds etc. and other assets like real estate that helps to meet the desired investment goals from investor's point of view is what Asset Management is all about. The investors may be insurance companies, other corporations or private investors. Managing investment of collective investments also refers to maintenance and asset management. Asset Management is also called as 'Investment Management' and includes managing elements dealing with financial analysis, selecting assets and stocks, implementing plans and monitoring the investments.

The global industry responsible for taking care of dollars, euros and pounds around the world is Asset Management. Every business organization makes it a point to implement strategies that maximize returns on assets. Returns are maximized by reducing the costs incurred in operations and improving the maintenance and utilization of assets. Asset Management solutions in an enterprise help to provide: High end and complete solutions for managing the assets, Updated information to maintain data that helps in decision making.

Keeping the incredible significance of maintenance and asset management in mind, various asset management companies have mushroomed these days. An asset management company is a firm that invests the pooled funds of retail investors in securities in line with the directed investment objectives. By offering more diversification, liquidity and professional management service, an asset management service holds a niche above the individual investors. A leading name in asset management and investment management services is Lazard. Lazard is known for investment banking with offices in more than 16 countries across the world. Lazard provides multiple services such as advisory services that include mergers and acquisitions, asset management and restructuring to corporations, partnerships, institutions, governments and individuals.

Next is the property preservation and maintenance. This is done two different ways; sometimes the management companies will have the agent get estimates and oversee the work, or they can also have their own company handle this with the agent or broker coordinating the work. The work to be completed includes re-keying the property to the REO asset manager's specific code, trashing out the property (removing all debris and cleaning the property), mowing the yard and preparing the property for sale. Some companies will also choose to perform cosmetic work on the property such as paint, flooring and minor work, but most of the time they do not elect to perform such repairs. If the real estate agent or broker is responsible for these activities then they must get 3 estimates for such all required work to be completed, upload them to companies website for approval.

Specifically, the following are provided: Maximizing property return through the pursuit of strategies for value creation. Reviewing and analyzing monthly operator performance. Participating in planning and monitoring of capital projects. Administering owner relations and represent the company at board meetings. Reviewing annual marketing plans and budgets. Reviewing asset positioning and make comparisons to market competitors. Assembling and evaluating pertinent market and economic data. Assisting with legal issues and contract compliance. Preparing financial projections and valuations. Preparing quarterly investment performance report, and Administering legal, tax and accounting formalities for each property.

About the Author:

No comments:

Post a Comment