Is A Good Real Estate Investment Management Company as Valuable As Gold?
A real estate investment management company can be a huge asset to your firm but they usually do not come cheap. They deal directly with tenants and prospects, saving you worry and time over collecting rent, marketing your rentals, repair issues and handling maintenance, pursuing evictions and even responding to tenant complaints. A proper investment management company brings its know-how and experience to your belongings and gives you the contentment and peace of mind that comes with knowing your investment is in safe hands.
A real estate investment management company is an independent contractor and this helps you in avoiding the hazards of being an employer. Hiring a real estate investment management company also comes with an inadequacy of being a lavish one, along with its numerous other benefits. They provide controls over guidance, accountability, legal protections, risk management, and quality assurance to ensure that their services and products meet the needs of their customers. A competent company Chief Financial Officer and Financial Controller like Bharti Jogia-Sattar can add remarkable value to your investment, which is why many notable real estate investors will give you reasons why a good management company is of great worth and is priceless. At PL Acquisition Inc., Bharti Jogia-Sattar had double roles. Her diverse skill set in finance would allow her to expand her expertise and specializations, remarkably to real estate.
If you are living in a good distance from your rental property, it will be tough for you to handle these property issues from far. Most of the landlords try hard to find good tenants to maintain their property in attractive and good condition. In real estate investment management, the management company or property manager has four major responsibilities.
- Financial and Marketing
- Occupancy and Tenant
- Risk Management and Administration
- Other facilities
It can be a hard task to choose a property agent, because all you need is someone with energy, experience and a passion to succeed. Perhaps even more significantly, someone who will honestly speak to you and discuss how you can achieve success in real estate industry. In real estate, it is all about service and that is what brings fruitful results.
Bharti Jogia-Sattar is currently an accounting and finance executive based in the greater Los Angeles cosmopolitan area. For 22 years, she has been in the industry. She has also established her specialization to apply to real estate. Ms. Bharti also worked four years in the company before shifting to Centro Watt American REIT. Cooperatively, she spent five years working for both companies: three for Lions Gate Entertainment, and two for Countrywide Capital Markets.
In few cases there are many landlords who are not interested in lending their property to any tenants and looks at it purely as an investment. In such a situation, the best option is to hire a real estate investment management company to manage the related issues and handle the property. And such a business can provide you much freedom and satisfaction.