Asset Management Services

One of the services our team providers for our clients is asset management, where we provide owner support with big-picture thinking.

This service includes:

• Working with and providing feedback to management companies during the annual budget process.
• Establishing and maintaining 5-year capital plans.
• Visiting properties quarterly to walk through and make recommendations for repairs or upgrades.
• Working with and providing support for community directors and maintenance personnel to maintain the building’s status as a premier, first-class assisted living care facility.
• Providing local management with best practices on maintaining their community.
• Serving as the single day-to-day contact for the management company that is knowledgeable about about the community and in a position to drive the best outcomes.
• Facilitating regular meetings with the management company and community leadership to focus on identified areas of improvement.
• Establishing relationships with community leadership, knowing that they play the most important role in the community’s success.
• Establishing key performance indicators (KPIs) and reporting them to the management company and ownership.
• Reviewing and negotiating contracts.
• Leading quarterly meetings with the ownership group. These may be more frequent, as necessary or as agreed to.
• Conducting an annual insurance review.
• Supporting negotiation of new financing or refinancing of debt.
• Understanding market plans for each community and measuring performance against those plans.
• Facilitating a relationship with the community’s property tax analyst to review property taxes on an annual basis.
• Reviewing yearly financials with the owner’s preferred tax accountant to ensure correct financials for tax return completion.
• Stay up to date with all company happenings and learn more about our company by checking out our website.

For more information about Senior Housing Consultants’ services

Contact Us

Senior Housing Consultants

130 W Main St,

Solon, IA 52333

319-321-0880

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