Full asset management is a property management service provided to landlords and housing authorities. It involves creating an asset strategy that focuses on investing in and improving the sustainability, efficiency and affordability of a property or groups of properties, for both the property owner/s and the residents.
Planning for the medium to long term investment of a property and its assets, an asset management strategy incorporates cyclical and planned maintenance and repairs. This is essential for ensuring that properties provide tenants with safe and comfortable living spaces, whilst reducing the costs associated with investing in future emergency repairs.
Many housing associations and landlords have realised the benefits of using a full asset management company. The integrated approach offered by full asset management means that a great deal of time and expenditure can be saved. Asset management companies will assist in budget planning, and can source and manage the contractors needed to carry out any maintenance, repair or improvement work.