When looking at asset management from a real estate point of view, it’s all about maximizing property value. The team at Galvin Realty Group, Inc., in Rochester, NY, works to help clients make the most of their residential and commercial investments. Instead of focusing on the everyday responsibilities of property management, the team looks at long-term value as a way to earn their clients the biggest returns. Below, the experts explain what they do to help you understand the benefits.

A Guide to Asset Management in Real Estate

Real Estate As an Asset

Every real estate transaction can be viewed as a financial investment. Private companies, large corporations, and individuals all purchase property—and with them comes the potential to earn more money. Properties can be remodeled and then sold again for more than the original price, as well as rented or leased for a monthly profit. It’s a lucrative financial strategy for many people, but it also comes with unfamiliar risks. Unlike other investment opportunities, real estate is vulnerable to factors like the weather, pests, deterioration, and the complexities of location and the changing market.

Maximizing Investment Options

When you work with an asset management specialist, you have the benefit of their investment expertise. Unlike your property manager who focuses on keeping tenants happy and keeping the property up and running, an asset manager looks at market research, data analysis, and revenue forecasting to determine what you could do to strengthen your investment. They may suggest restructuring your lease terms to better attract tenants or adjusting the property’s list value. Their overall goal is to maximize your return by reducing expenditures, mitigating liability, and finding you the highest possible source of income.

As with any investment, buying into real estate has its risks. Serving the community since 1987, the team at Galvin Realty Group, Inc., has the extensive training and experience to maximize your chances of success. They’ll devise an effective asset management plan and guide you every step of the way. Call them at (585) 546-1290 to schedule an appointment, or contact them through their website.