Who Needs An Asset Manager?

  The selection and ongoing evaluation of property management companies has become especially critical in the quest for real estate success.  With most real estate companies, asset management is done as a sideline, with emphasis on sales.  At Carew Properties, Inc. our primary business is the management of your property; 24 hours a day, 7 days a week.

  Generally, institutional lenders, investment fund, and individuals with portfolio holdings will employ an asset manager to monitor their investments. Perhaps the most at-risk group among these is the individual portfolio owners. These individuals generally have a sophisticated understanding of real estate and finance, but often very little extra time to pay attention to their investments, no specialized tools or asset management skills, and most importantly, they are too close to any one project to maintain a detached viewpoint from which to monitor their investment.

  As an asset manager, we are charged with preserving and protecting assets under our management. In the case of real estate assets, that means monitoring both the financial and physical condition of the asset and taking action to avert deterioration.  We act on the Owner's behalf in the maintenance of the asset and to assure that all actions of our management company is to the best advantage of the Owner. We tailor specifically to the needs of your particular type of asset and where your short-term and long-term goals are. 

  Our programs will incorporate some or all of the services outlined below to improve the value of your asset.

• Review and Approve Capital Expenditures

• Recommend Capital Improvements

• Monitor all aspects of the Income Statement

• Control Expenses by Monitoring Receipts and Approval of Expenditures

• Management of Liquidation Activities

• Perform Income / Expense Analysis

• Review Operations and Operations Manual

• Hiring and Oversight of Subcontractors, Service Providers, Property Managers, Contractual Maintenance, Attorneys, and Accountants

  • Inspection Reports on Move-Outs, Turns, Building, Grounds, Apartments and Mechanical

  • Monitor Maintenance, Work Orders, and Turnover Time

  • Preventive Maintenance Program

  • Oversee Special Projects

• Approve Lease and Lease Terms & Monitor Leasing Procedures

• Tenant Service Relations and Retention

• Prepare a Policies & Procedures Manual

• Regularly Report to Owner

• Training Programs

In short, Carew Properties, Inc. will work hard to ensure that all assets are maintained, repairs made on a timely schedule, books and records maintained accurately and in adequate detail, marketing and leasing conducted in a professional manner, and the property remains in compliance with state and local laws and building code regulations. Your personalized program would be designed to preserve and protect your assets and monitor return on your investment.