Starting as an Associate Asset Manager at a REPE - Any general advice / tips on preparation?
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[{"id": "irm0qzn", "text": "As an accountant who explains the financial reporting to asset managers, in my experience most asset managers could use more accounting background vs. finance. The thing I explain most is probably how a property tax accrual works, because it does make your financial statements look very unintuitive, especially in certain states.", "replies": [{"id": "irngffc", "text": "This is great. I know I\u2019ll have to understand property taxes and how they affect current &amp; future performance. I\u2019ll definitely try to learn some accounting, at least as it applies to property taxes.\n\nIs there anything else that, in your experience, would be helpful for asset managers to understand/be aware of when they\u2019re working with property accountants?\n\nThank you.", "replies": [], "depth": 2}], "depth": 1}, {"id": "irp35o5", "text": "Congratz on the new gig. Commercial broker here and I think you should study whatever asset class your firm targets most. Im willing to bet you target specific types of investments. Understanding the different types of leases and what is most common in each asset class is also is a good place to start.", "replies": [], "depth": 1}, {"id": "irpw50q", "text": "Hard to read up on studying how to be an AM. So much of it is overseeing teams and experienced based when it comes to lease negotiations/ PM issues. Make sure you are very familiar with the local markers and get to know the business plans very well (once you start)", "replies": [{"id": "irpz63r", "text": "Thank you. That\u2019s what I figured.", "replies": [], "depth": 2}], "depth": 1}]