SA081 | Asset Management Rhythms with Mike Taravella

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 YouImportance of Establishing Rhythms to Investors and Residents in Asset ManagementEstablishing the Baseline of Occupancy, Identifying Problems, and Adding Value Within the First 30-60 DaysBuilding Communications and Being Transparent to InvestorsWhat is Physical and Economic Occupancy?Things to Prioritize in Terms of Capital Expenditure (CapEx)Importance of Business Planning and UnderwritingChallenges that You may Encounter as an Asset ManagerCommon Mistakes of Other Asset ManagersPossible Impacts of Real Estate Investing in Your LifeWhat Made ASANA a Great Tool for Real Estate Task ManagementGuest 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. Email: [email protected]: Mike Taravella Jr.To connect with us:Website: www.bonavestcapital.comPlease click here, to leave a rating and review!