BOMI Class - Asset Management

Description

Today’s property managers work hand-in-hand with asset managers and often serve as asset managers themselves. Asset Management shows professionals how to build value in real estate assets - creating confidence with investors, owners, and building tenants.

You will become familiar with measuring financial performance and performing critical due diligence for acquiring and disposing of assets. You will also learn the unique challenges of handling troubled real estate-owned (REO) properties and how to select and oversee a property management firm.

In this course, you will discover the asset manager's role, function, and place in real estate and business; and master the ability to outperform competitors.

Upon successful completion of this course, learners will be able to:

• Maximize market value for your properties and assets in any economic state
• Manage troubled properties for profitable transitions
• Recognize and seize opportunities missed by competitors
• Build wealth, diversify investment portfolios, and fund returns
• Take control of your assets and improve overall operational efficiencies

Key topic areas: developing an asset management plan, including appropriate resources associated with the current economy • measuring financial and operational objectives, including audits and reasons for them • managing and marketing strategies for retaining and attracting tenants • acquiring, disposing of, and evaluating troubled properties for sound decision making

Applies to: PMFP certificate FMA® and RPA® designations