Asset management and property management are often times confusing to distinguish between the two. Let us explain how Ibero defines the difference between asset and property management and the impacts they have on your investment. In its simplest form, property management is the management of the physical asset and should be the first point of contact for tenants and vendors. Asset management encompasses the financial and economic values of the asset. An asset manager should focus on strategically improving the financial performance and investor objectives of a real estate asset throughout its life cycle. Asset management is the management of an investment. With a focus on strategically improving the financial performance and investor objectives of a real estate asset through its life cycle, property management is the management of a physical asset. The primary point of contact for tenants, as well as the party responsible for preliminary budgeting, accounts receivable, accounts payable, obtaining competitive pricing from vendors, and overseeing onsite personnel Asset and property management One of the costliest mistakes made by both private and institutional clients is not hiring the right property manager and asset manager. The right property manager and asset manager will not only maintain the value of your asset but, most importantly, create value. Our property types include: There are many different types of commercial properties. At Ibero, we can manage all buildings, even complex establishments. Here at Ibero, we are dedicated to our core values and helping make your management experience more successful. We will approach your property with integrity, adaptability, and ownership. These are the values that drive everything we do.