Boyd Zoccola, executive vice-president of Hokanson Companies, Inc., discusses asset management within property management. Companies used to rely property managers solely for day-to-day building operations and tenant relationships. Nowadays, managers are handling more financial aspects. For example, in addition to lease analysis, companies will ask managers to look into lease valuations. In conclusion companies need managers that have the soft skills of tenant communication, technical skills to address operations issues and financial acumen to address funds.
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