Create Effective Asset Management Processes that make your Site Visits Smarter.
Make Your Asset Management Site Visits Smarter, Not Harder
There are so many aspects of a site visit inspection for an asset manager that developing a thorough and consistent program can be a challenge. You want your inspections of the physical assets to identify levels of deferred maintenance as well as day to day maintenance needs. At some assets, this can be as simple as a few observations, but at other assets, where your findings are going to result in an asset being placed on a watch list – the site visit notes need to be both extensive and easy to follow.
Asset Management Tools for managers and Investors
Whether you are a property manager trying to make your property perform to its fullest potential, an asset manager performing a site visit to report back to investors, or a professional inspector conducting an inspection on a LITHC, Fannie Mae, or conventional property – asset management inspections all focus around answering questions, making observations, and noting the condition of an asset. Using InspectCheck, you can quickly and easily complete inspections like the Fannie Mae Property Assessment Form 4262 that combine together standardized questions with an inspector’s observations and photos of a subject property.
Robust Reports for Asset Managers and Property Owners
For all multifamily housing, the task of conducting a thorough site visit inspection is the first step in creating stabilized assets and reducing the need for substantial rehabilitation before the end of standard useful life expectations. We discussed what various asset management experts recommend for their clients, and, for example, Vinnie Viola, Principal of Birch Island Real Estate Consulting, says “Developing and implementing a robust multifamily inspection program is an essential part of any asset management function that focuses on preservations and creation of value and risk management for the owner.”
It is vital that an asset manager’s site visit provides insight into the condition of the property and the quality of management that the asset is being provided. InspectCheck has created a multitude of custom inspection forms that produce instant reports as soon as the site visit is over, and can combine surveys that use Yes or No responses, with detailed inspections of the asset, including by unit, or common area, or for every building.