The Importance of Proper Asset Management Reporting

When it comes to keeping track of multiple assets, across multiple geographies, that are managed by multiple Property Management companies, it's easy to lose sight of how your portfolio is truly performing. Single asset reporting is something all PM companies are able to do (with varying degrees of usefulness).

Here are issues that we encounter time and time again:

• PM companies are primarily focused on managing day to day operations at properties, not the overall financials performance of assets
• PM platforms have multitudes of built in reporting, but are designed and focused for PM staff use 
• PM software reports are real-time (status of an asset at that very moment in time). While this can be beneficial for onsite staff, it does not allow us to rewind the clock to compare previous time periods. This requires asset owners to keep weekly/monthly reports for their own comparative analysis

As a result of this:

• Asset Owners with multiple assets and multiple PM companies do not have an easy way to aggregate and blend data together for holistic portfolio views
• Asset owners typically do not have access to underlying report data in a usable format for custom reports
• PM reports and financials are typically delivered mid-month following month-end meaning displayed data is 2-6 weeks out of data upon receipt

At reVISION Masters, we solve these issues by using our own custom, in house reporting that allows:

• Direct Platform Integration
• Historical Data Storage
• Asset Report Consolidation

The immediate advantages are:

• Custom reporting tailored to client business objectives
• Direct data integration and reporting allows proactive discussions of problematic areas immediately with PM staff in order to minimize negative impacts
• Insight into areas PM staff may not have immediate visibility to 

Want to learn more? Contact us today at info@revisionmasters.us