What is Asset Management

Business

According to The Complete Real Estate Encyclopedia, Asset management is the umbrella term for all phases and areas of expertise in the acquisition, management, leasing, operation, and eventual sale of real property assets. In a nutshell, Asset Management refers to the managed investments of cash and securities. Asset Management encompasses a holistic view of the entire life cycle of an asset. The primary function of an Asset Manager is to assist in all aspects of the administrative, financial, capital and operations of the assigned investment portfolio.

A hotel asset manager specializes in hotels as the property asset, and the asset manager will deal with maximizing value, minimizing costs and ensuring the smooth running of the hotel operations.

 

Why Do You Need Asset Management?

Asset Management is essential as it helps a company monitor and manage their assets using a systemized approach. When managed effectively, the benefits include improvements to productivity and efficiency which places your business in a better position to increase their return on investment.

Benefits of Asset Management:

  • Keep Track of All Assets
  • Manage Assets from Different Locations
  • Plan Against Financial, Operational, and Legal Risk
  • Improve Time Management
  • Create a More Efficient Operation with the Ability to Track Performance
  • Promote the Economic Stability and Growth of Your Business

Why Choose Silver Oaks Asset Management?

We strongly believe that a smaller agency can produce high-quality, top-flight services and stay accessible, responsive and fully client-centric with full transparency in how our processes and services are created and delivered. Hands-on decades-long experience means that we have walked in our client’s shoes, so we are quick to understand and assess the client’s situations.

SOAM delivers relevant, timely, efficient, effective advice founded on practical experience and up-to-date market intelligence. The team that presents the project to you, will be working on the project. Our team does not have the tyranny of the time-sheet requiring them to charge by 15-minute increments. We always make the commitment to being available – even just for a chat. This has allowed us the luxury time to spend with our clients and created mutually valuable, deep-rooted, long-standing relationships. We can, when we do not have the in-house skills/expertise, act as a hub, managing other consultants and service providers to provide our clients with a senior, highly accessible, single point of contact. We integrate quickly into our client’s work culture to act as an in-house resource. We have experience and extensive business knowledge in the geographic market, (local knowledge – SWOT). SOAM understand staffing tendencies – hiring habits and numbers. We know what margins should be – KPI’s. Providing accountability, performance measurements and asset management to optimize the financial potential of every asset.