The need for Property Asset Management
Not all properties
can be bought. There is a need to analyze the pros and cons of acquiring
a particular property. Without analyzing this acquiring a property might
lead to a loss. The assets managers will be working along with
the client to ascertain which property might give you profit in the
long run and then try to acquire it. There comes the Property Asset
Property selection is also a part of it. A property is selected keeping in mind the objectives of the owner. The companys objective is also kept in mind and they try to match this with that of the owners. Apart from the value of the property the functional objectives of the property is also considered before acquiring a property. Property asset management takes care of all these factors before acquiring a property.
Most of the above mentioned tasks come under planning stage. Once planning is done properly, comes the acquiring / procurement stage. In this stage the property is ordered and received. After receiving it, it is checked for the conformance of the standards, and whether they are as they were ordered. If they are not as ordered it will definitely affect the productivity of the company.
The operating costs of the property are also considered in property asset management. This is because the company has to spend for its proper operation which is a recurring cost on the company. Managing the finances related to the property is also a part of the property asset management. The depreciation value of the property is also considered as a part of the accounting as this is also an important factor if the company decides to sell off the property. Hence property asset management is an important tool that keeps tracks of the assets of the company.
to look for asset management in Singapore | How
should your approach be for International Asset Management | Importance
of Asset Management Systems | Knowing
what is asset management | The
different components of an Enterprise Asset Management system |
The need for Property
Asset Management | The
need for strategic asset management | Understanding
the importance of Financial Asset Management | Using
a Software for Fixed Asset Management | When
to go for private asset management |
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