Tips for Owners

Sometimes the basic, somewhat obvious stuff in our lives is overlooked or, worse, is taken for granted. We assume (that! word) things that are usual, normal, regular just tend to happen. Often they do. Sometimes they don’t. Ms. Tara Smily, a property manager turned asset manager, takes this to heart in her comments and observations regarding her five essential tips for multifamily owners as addressed in the attached article. They’re basic but critical: communication, know your shortcomings, “no,” engage and stay in your lane. Take a look…I’d appreciate hearing from anyone who may have other tips for multi owners.
Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.
Please find us at or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.

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