Property Asset Management

Property asset management is part of asset management and includes property selection, the implementation of policies and performance standards for the said property, and the proper monitoring of the property's performance to meet the owner's objectives. In order to properly manage one's property assets, several factors are considered prior to acquiring properties.

Since acquiring property requires investing money and finances, asset managers work closely with their clients in planning as to which properties must be acquired. Careful planning that includes brainstorming, comparing the characteristics and prices of the items to be acquired, and checking on their importance to the client in meeting his/her or the company's objectives are done carefully. These steps are taken to ensure that the company is making the most out of their investments, acquiring properties which are not only useful and functional but are also reasonably priced. After proper planning, property procurement comes next. The process of procurement includes ordering the items needed and receiving, checking and making sure that the items ordered are in good working condition.

Property asset management also takes into account the operating costs of the properties that a company has. Operating costs include the daily costs which companies have to shell out for which enables machines and technology to run. Ensuring that machines and technology are in good working condition would maximize productivity and increase the company's earnings.

Property asset management also employs proper financial management. This involves accurate taxes, close depreciation estimates, and other costs. Because of depreciation or in the event of bankruptcy, companies may dispose of properties as well. Once machines and technology are disposed, these are required by law to be removed from the company's asset statements that asset management takes care of.

Property asset management is slowly becoming an efficient tool which enables companies to maximize production as it manages the properties and may be customized to fit the needs and the goals of the companies which they render service to.

Asset Management provides detailed information on Asset Management, Asset Management Software, Asset Management System, Digital Asset Management and more. Asset Management is affiliated with Offshore Asset Protection

Asset Allocation Management Without Mutual Funds

Many Investment Gurus, with a straight face and a gleam in their eye, will insist that successful investing is a function of expansive research, skillful market timing, and detailed technical analysis. Others emphasize fundamental information about companies, industries, and markets. But trends and numbers are secondary to a thorough understanding of the basic principles of Investing and Management, and their interrelationships. The ingredients for a successful investment portfolio are these: stubborn belief in the Quality, Diversification, and Income trinity from Investments 101, and operations that employ the Planning, Leading, Organizing, and Controlling skills introduced in Freshman Management. Here are some things to keep in mind while you season your experience with patience and marinate your investment process with discipline:

* A viable Investment Program begins with the private development of an Investment Plan. The first step is the identification of personal goals and objectives and a time frame for goal achievement. The end result should be a near autopilot, long-term and increasing, retirement income. Asset Allocation is used to structure the portfolio so that it operates in a goal directed manner. The finished Plan must be flexible in design, based upon reasonable expectations, simple in structure and operation, and easy to supervise.

* Use a "cost based" Asset Allocation Model. Although most of the Investment World operates on a Market Value basis for everything from performance analysis to Asset Allocation and Diversification decision modeling, you will improve your long-term results and stay within your allocation and diversification guidelines better by using a system based upon Working Capital. This widely unknown Asset Allocation "model" takes the hype out of daily stock market reporting and keeps the income investor's focus on appropriate statistics.

* Control your emotions, among other things. Clearly, fear and greed are the two that require the most control in the investment environment... particularly in these days of a reckless media, Internet empowered scam merchants, high-speed information gathering/processing, and cheap personalized trading capabilities. Love and hate need to be dealt with as well, but there are fewer out-of-body influences on these. Only strictly disciplined decision makers need apply for your Investment Management position... and you may not be the ideal candidate. Investment Management is a continual responsibility, not a weekend and occasional evenings avocation.

* Avoid hindsightful analysis, and uninformed (or salesperson) criticism. It is painfully comical how hindsight has taken over in our society... in sports, finance, politics, and the professions, everywhere... everyone you hear is second-guessing and finger pointing. No one is willing to take responsibility for their own actions and everyone is willing to sue whoever coulda', woulda' or shoulda' prevented whatever happened. Investors cannot afford to be Little League crybabies. Make one of the three basic decisions (which are?) and don't look back. No person or program can predict the future, and your portfolio requires management today. The playing field for the investment game is uncertainty.

* Establish a profit-taking target for every security you purchase. The purpose of investing is to make more money than you could in a guaranteed, non-negotiable instrument. This larger money making expectation comes with an assumption of some form of risk... there are several, and its "in there" in all investments. In Equities, set a reasonable profit target and take less if you can get it quickly. With income investments, never say no to a profit equal to a year's income, or 10% if you like round numbers. There are always new investment opportunities, and there is no such thing as a bad profit... or a good loss.

* Examine Market Value numbers at intelligent intervals. Frequent examination is stressful and non-productive. There are no averages or indices that compare with a properly diversified Investment Portfolio, particularly if your Equity selections are screened for Quality and Income. Investing is a long-term endeavor, and neither Shock(sic) Market symbols nor current yields operate on a calendar year schedule. Look at market peaks and troughs over significant time periods that include "cycles"... and do separate your analysis by class.

* Avoid what the crowd is doing and shun investment products. Consumers buy products; Investors buy securities. The crowd is driven by the very emotions that you must learn to control. Stay focused on your plan; analyze your annual income and trading statistics. Buy and hold creates more real tax problems than real millionaires, and gimmicks and fads last just slightly longer than spring fashions. Always buy good stuff on bad news and sell into good news announcements.

* Don't try to save the world with your investment decisions. Never limit your investment opportunities artificially. Votes work better when it comes to changing your world, and corporations should not be the targets of your political hates... get rid of incumbents, state and local, until there are changes in the tax code, social security, tort law, environmental issues, etc. In the meantime, invest with your head, not your heart. The business of a capitalist society is...

* Keep in mind that you need Income to pay the bills, and that your cost of living in retirement will be higher than you think. If you insist on some income from every Equity security you ever own, and beat-the-bank income from income securities, you will obtain two important things: An annually increasing cash flow that will rise at a rate greater than most normal inflation rates, and a higher quality investment portfolio for better long-term investment performance. (If you use a cost based Asset Allocation model with at least 30% invested in income securities and no open end Mutual Funds or Index ETFs.) Never settle for tiny short-term yields or get hooked on those that are unsustainably high.

* Investing is not a competitive event, ever. You don't need to beat the market. You need to accomplish a set of personalized goals. Not even your twin's portfolio should be the same as yours. The faster you run, the less likely it is that you will succeed over time. Big risks, foolproof gimmicks, and exotic computer programs occasion more failures than success stories. Remember the Investment gods? They created Stocks and Bonds... only Stocks and Bonds!

* Avoid Unrealized Gains, Embrace Volatility, Increase Annual Income, and remember that all key investment moments are only visible in rear view mirrors. Most unrealized gains become Schedule D realized losses. As of today there has never been a correction (rally) that has not succumbed to the next rally (correction). Only an increasing income level can beat back inflation... a bigger market value number just doesn't do it.

Perge'

Steve Selengut http://www.sancoservices.com http://www.valuestockbuylistprogram.com Professional Portfolio Management since 1979 Author of: "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read", and "A Millionaire's Secret Investment Strategy"

Property Management: Online Rental Applications Must Be Encrypted

If you have ever bought anything online, you will notice a little lock symbol that appears on your browser when you enter a secure shopping cart. When you click on the lock, a window pops up that shows the information about the company providing the SSL Certificate for that particular website. SSL stands for secure socket layer and indicates that this shopping cart is encrypted and is safe for you to enter your credit card information.

Some well known companies that provide SSL Certificates are Thawte, VeriSign, and GeoTrust. You will see the name of the company that is providing the encryption for this website and the date their security certificate expires. You should not enter any sensitive information if this security certificate does not exist.

Now take everything we just discussed and transfer the principles to the realm of an online rental application. All the needs for security and encryption still exist and many web developers or property management companies are unaware of this fact.

It is a good business practice to give prospective renters the opportunity to access a rental application through your website. There are 2 basic ways you can do this. The first is take your existing rental application and convert it to a .pdf file that customers can print, fill out, and either mail or bring in to your office. Then you do not have to worry about any of the security issues mentioned above.

If you do opt for an online form for gathering your application information, then we make only one recommendation. The form should be processed on a secure, encrypted page (with the lock symbol) and the information should be written to a database on your server. The form or information should not be sent through an e-mail to your inbox. The reason for this is that e-mail is not encrypted either and can be intercepted. Once again, you do not want sensitive information to fall into the wrong hands. That is why we recommend that the application information be written to your server and viewed through a secure administration panel.

This option costs more to implement than a simple .pdf application that can be printed out. It is important that you realize you have a responsibility as a property management company to handle prospective tenants' personal information with the utmost care and professional standards.

Jim is a web developer and programmer who works with his wife, Cari, in their full service small business web development company. We invite you to take a look at our portfolio of property management web sites and other web applications that we have developed. We specialize in serving property management companies that want to market and manage their rental listings online.

Hiring Rental Property Management

Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you. Hire a good property manager, but first ask the following questions.

1. How much is the fee? Fees vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.

2. What other properties do they manage? It is best if they handle rental properties that are similar to yours. It is also helpful to drive by their other properties to see how they are maintained.

3. Who will actually handle your property? It is best if one person handles your building all the time. They should also have some experience. Get their name.

4. What costs extra? Is it extra for showings? Do evictions cost extra (beyond the legal fees)? Any other extras?

5. How is the fee collected and when? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly?

6. What type of advertising? How do they advertise the units and what does it typically cost you?

7. Cost and time to prepare units? What is the typical cleaning fee on a vacancy, and how long will it normally be before it's rented out again?

8. What needs owner approval? What dollar amount needs your authorization, and is this negotiable?

9. Hours of operation? What are their business hours, and who takes weekend calls?

10. Accounting? What reports do they send? How often? How are accounts set up?

There are probably other questions you'll have as well, based on your particular needs and the particular property. Ask everything up front, and you'll have fewer misunderstandings. With good rental property management, real estate investing is a lot less stressful.

Steve Gillman has invested in real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com.

stevengillman@hotmail.com