Strategy always matters with Real Estate investing, that’s why an Asset Manager plays a big role in the Industry.  Providing positive business returns to investors makes while meeting the tenant’s expectations is always important to be considered as an efficient Property Manager. It may take a lot of time and effort to reach these goals but your motivation will always bring you to success.

In today’s episode, Aileen’s guest Mike Taravella shares his deep knowledge on how to properly manage properties, building a good relationship with investors and tenants.

What You’ll Learn From This Episode:

• Finding the Right Job and Career that Really Works for You
• Importance of Establishing Rhythms to Investors and Residents in Asset Management
• Establishing the Baseline of Occupancy, Identifying Problems, and Adding Value Within the First 30-60 Days
• Building Communications and Being Transparent to Investors
• What is Physical and Economic Occupancy?
• Things to Prioritize in Terms of Capital Expenditure (CapEx)
• Importance of Business Planning and Underwriting
• Challenges that You may Encounter as an Asset Manager
• Common Mistakes of Other Asset Managers
• Possible Impacts of Real Estate Investing in Your Life
• What Made ASANA a Great Tool for Real Estate Task Management

Guest Bio:

Mike has a Masters of Science in Accounting and worked at Ernst & Young as a Certified Public Accountant. He’d been investing in Real Estate in 2016 by owning and self-managing investments in Michigan. And currently, Mike is the Asset Manager at Rand Partners of over 1,600 units totaling $108M of assets under management where he’s responsible for underwriting deals, investor relations, and asset management.