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Manage episode 501241670 series 3363511
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In this episode of Uncontested Investing, we're breaking down one of the most overlooked roles in a real estate investor's team: the asset manager.

We dig into what exactly an asset manager does, how they're different from a property manager, and why their value stretches far beyond spreadsheets. From analyzing financial health to forecasting long-term strategies, mitigating risks, and taking emotion out of tough investment decisions, an asset manager can be the key to turning your portfolio into a true wealth-building machine.

If you've ever wondered when (or why) you should bring on an asset manager, this episode will give you the clarity and confidence you need.

Key Talking Points of the Episode

00:00 Introduction

00:41 What is an Asset Manager?

01:42 Asset Manager vs Property Manager

03:03 How an Asset Manager will help take emotions out of investment decisions

04:24 Budgeting, forecasting cash flow, and risk management

06:00 Maximizing returns: Lease audits, rent analysis, and market comparisons

09:21 Asset Managers as trusted partners in business

11:50 Building trust and transparency with your asset manager

14:05 Setting expectations, sharing goals, and aligning long-term vision

15:05 How to select the right Asset Manager: Due diligence and interviews

17:55 When is the right time to hire one? Scaling and hitting roadblocks

19:20 The natural cycle: from property management to asset management

20:43 Investing in your portfolio through assistants and asset managers

Quotables

"An asset manager can most comfortably remove emotion out of the transaction."

"They're not just adding money to the bottom line—they're adding value to your entire investing strategy."

"The good ones make more money when their clients make more money. That's true alignment."

Links

RCN Capital

https://www.rcncapital.com/podcast

https://www.instagram.com/rcn_capital/

[email protected]

REI INK

https://rei-ink.com/

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176 episodes