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The Owner’s Perspective POSTED IN UNCATEGORIZED

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Atlas NYC Property Management, LLC

The Owner’s Perspective

Property Manager Must Have an Owner’s Perspective s} Potential clients, referral partners, and other professionals often ask me, “Eric, s you from all the other property managers out there? Why should I hire you?” My yet deep. “I manage with an owner’s perspective.” anagers manage the buildings under their care with an owner’s perspective. Most ber do. What does this mean? What does it mean to have an owner’s perspective? r?

Owner’s Perspective?” nage from an owner’s perspective, property managers must act as though they own analyzing problems and formulating solutions. Now, by “act as though they own not mean that they should walk the halls of the building dictating orders to others

ner. That kind of attitude doesn’t help anyone. What I mean is that property

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k themselves things like:

ilding, what would I do to solve the problems this building is facing right now?” or ilding, what would I do to proactively avoid future problems?” ns must not be asked as an afterthought — to truly have an owner’s perspective, s must internalize this way of thinking so that they approach every aspect of their ionship from this perspective. It means property managers must have a particular ust formulate a few questions to ask in order to convince themselves that they are ir client. In truth, property managers who manages with an owner’s perspective hemselves those questions — they live that attitude and viewing the building’s an owner’s perspective becomes their default way of approaching everything .

aving an owner’s perspective matter? stand the importance of having an owner’s perspective, one must understand what owner’s perspective entails. If you don’t manage with an owner’s perspective, this t best – managing from a manager’s perspective. In other words, you are a and you act like it. Think about it. If you owned a piece of rental property, or you o-op board member looking to hire a property manager, would you be happy hiring following attitude: nage this property for pay and I will treat this property like I am being paid money

uldn’t be happy with a property manager with this kind of attitude.

e lacks the concern over the wellbeing of the building that an owner has. A would rather spend the owner’s money to solve a problem and no time or effort of ing the strategy to solve the problem — after all, it’s easier to spend as little of your ble while spending someone else’s money to solve a problem. wner does not think this way. An owner’s process is the opposite of a manager-forill put much thought and effort into solving a problem before spending any money. ought out, a cost-benefit analysis is performed, potential problems are considered, s charted out. Affordability plays a big factor in the consideration. Short-term and uences are examined. All of this happens before the owner spends one penny on the blem. A manager with an owner’s perspective does this — a manager-for-hire does e. n owner’s perspective will thus manage a building by investing time, concern, effort, h they own the building themselves because that’s what the owner would do.

all the difference in the world.

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Atlas NYC Property Management, LLC

Property Management, LLC Brooklyn, NY 11215 com

Eric Michael is the founder and owner of Atlas NYC Property Management, LLC, formerly Nova Property Management, LLC.

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Eric Michael is the founder and owner of Atlas NYC Property Management, LLC, formerly Nova Property Management, LLC. specializes in the management AtlasAtlas NYCNYC Property Management, LLC of residential and mixed-use rental properties, co-ops and condominiums. Eric’s legal background and owner’s perspective management style puts him in a unique position to make sure your properties are properly cared for. If you have any questions, please feel free to contact us at 718-768-8888 or by email at info@atlasNYC.com.

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