Asset Management With Jim Stepanian: How Can It Help You?

What Is Asset Management And Why Do You Need To Do It?

If you’re looking for a way to put your money to work for you, you may have heard the term “asset management”.  It sounds impressive, but what does it actually mean?  Broadly speaking, asset management is done by people like Jim Stepanian who develop and take care of assets for the owners of those assets.  While asset management can apply to any sort of asset, in the case we’re discussing real estate asset management.

What Does An Asset Management Company Do?

An asset management company like Summerlin can help investors navigate the tax law around real estate investments, promote valuable improvements to the property, and mitigate the inherent risks, all in an efficient manner that can both save the investor time and money, and improve the return on investment.

What Should An Investor Look For In An Asset Management Company?

Essentially, asset management is like any other kind of investment management.  The investor should seek an asset management company that has many of the same features that would be appealing in any sort of financial professionals, such as experience, training, professionalism, and a personality that the investor can work with.  An asset management company may specialize in particular regions, types of property, or operations, so seek out the company that handles the types of property that you’re interested in.

Why Can’t I Do It Myself?

While it might seem doable for many investors to attempt to manage their portfolios themselves, taking care of real estate investments can be time-consuming and technical.  For example, the tax law governing real estate investments and profits is relatively complicated, and making a mistake can be costly.  Maximizing the profitability of real estate investments can be a full-time job, and most investors already have a full-time job.  Finally, some investors simply have better things to do--they are investing in order to have retirement income, or they want to travel, without managing the day-to-day details of their investment portfolio.

Is Real Estate A Good Investment For Me?

While no one can decide for you how best to invest your money, real estate can typically be a quality, stabilizing addition to a traditional stocks-and-bonds portfolio.  This is because the stock market and real estate fluctuate due to different causes.  As is often the case, diversity is key.  Additionally, diversification within each section of the portfolio is helpful.  Just as you would never put all your money into stock from a single company, it’s wise to spread your real estate investments around across several regions or types of property.

Remember, this is your money.  Be sure that you’re hiring the professionals that will help you maximize your profit.  A real estate asset management firm specializes in data analysis, revenue forecasting, and market research.  Insist on the best.  After all, at Summerlin, we do.

Sources:

What Does Asset Management Mean In Regards To Real Estate? - www.investopedia.com

Asset Management - www.wikipedia.org