In business as in life, knowledge is the key to power. That’s why keeping up with asset management at your company is so important—especially in real estate, with so many different factors in play. Knowing what all of your assets are and how they’re performing can save your company time and money, providing a platform to make wiser investments and maximize your returns.

With 30 years in the business, Gavin Realty Group is Rochester, NY’s most trusted resource for real estate and asset management services. Their expertise has helped property owners, accountants, bankers, and lawyers make informed decisions in a complicated industry.

5 Reasons Asset Management Is Key

1. Efficiency

Streamlining your business operations is the number one benefit of proper asset management: it allows a company to understand the capabilities of all its assets and to develop an optimized three-pronged strategy that includes planning, resource usage, and implementation.

2. Savings

As a byproduct of making your business more efficient, asset management will save you bundles of money. You can eliminate underperforming assets and save money on maintenance—no more sunk costs going back to fix old problems that could have been spotted with proper asset management.

3. Amortization

Asset management can be used to ensure that the amortization rates of each loan are accurate. And by performing regular assessments of your assets, you can verify the accuracy of all financial data.

4. Risk Management

Asset management is the first step toward developing and implementing a risk management plan. Know what the strengths and weaknesses of your assets are, and you’ll know where potential problems may lie.

5. Feedback

With proper asset management, your company can keep track of assets that are scrapped, sold off, under- or over-performing: in short, your company can develop a holistic picture of how its assets are performing and make more informed decisions about the future.

The professional team at Galvin Realty Group goes above and beyond to ensure that your company has proper asset management. They also conduct real estate appraisals, commercial investment management, and estate planning services. Call (585) 546-1290 to begin working with Galvin Realty Group, or visit their website for more information.