Landmark Capital Advisors: Why Property Management and Asset Management Are Not the Same
When people talk about managing a real estate property, they often use property management and asset management as if they mean the same thing. They don't. Property management is mainly about keeping a property running smoothly. It involves tenants, maintenance, rent collection, repairs, vendors, and day-to-day operations. Asset management takes a wider view. It focuses on how the property is performing as an investment and what can be done to improve its long-term value. For investors, understanding this difference is important. A well-run building can have happy tenants and still underperform as an investment. Likewise, a strong investment strategy will struggle if the property itself is poorly managed. Landmark Capital Advisors looks at this distinction as part of the broader process of managing and creating value from real estate. Property Management and Asset Management: The Short Answer The easiest way to understand the difference is to think about today versus the future ...