Introduction to Asset Management December 13-14, 2004
Trainer Laura Junglas
OCDCA would like to thank Laura Junglas for providing us with this information.
The link below contains the agenda for the class.
Agenda | Internal Link COMING
Class Materials and Hand-outs
This useful guide, written by Laura Junglas with contributions from Meg Slifcak, is a resource that will take you step-by-step through the creation of an asset management plan for your organization.
Developing an Asset Management Plan Guide Book Word Document | Internal Link
If you want to see a sample of a completed asset management plan from another organization, look below to view a sample asset management plan developed by Laura Junglas with assistance from Meg Slifcak for the Ohio River Development Corporation.
Asset Management Plan - Ohio River Homes I Limited Partnership Word Document | Internal Link
Below is a list of key elements you should address when creating your own property management plan.
Components of a Property Management Plan Word Document | Internal Link
A chart displaying the differences between and definitions of Property and Asset Management.
Definitions Word Document | Internal Link
Below is a link for a downloadable chart developed by Laura Junglas that charts the life-cycle of a project from creating a plan to disposition of the project.
Development Life-Cycle Chart Word Document | Internal Link
Below is a link for a chart by Laura Junglas outlining the differing responsibilities of asset vs. property management, and the areas in which they overlap.
Asset Management and Property Management Roles Word Document| Internal Link
This document further describes the roles outlined in the Asset Management and Property Management Roles Chart above.
Specific functions of asset management Word Document | Internal Link
The chart of roles by each entity relative to asset and property management. This chart shows, by entity such as board member or property manager, the tasks required by that entity relative to property versus asset management.
Chart of roles by entity Word Document | Internal Link
Useful Links/websites materials discussed in class
The website below from the Affordable Housing Investors Council provides a list of items they look for when they measure the health of a development. Their watchlist of AHIC suggested reporting elements for measurement and capture by funders can be found at the AHIC website below.
AHIC Watchlist Items for Investors | External Link
A report published June 1, 2004 on vacancies across the state of Ohio from OHFA is available below in a downloadable document. This report shows a summary of OHFA key elements published from a statewide survey on such items as subsidized and unsubsidized units in Ohio – vacancies, vacancy rate by project type average operating costs per region and by project type.
OHFA Operating Survey Summary PDF file | Internal Link
The December 13th class featured a Panel of Asset Management Specialists:
Melanie Shapiro, Director of Partner Services
OCCH
mshapiro@occh.org
(614) 224-8446
fax: 224-8452
Sabrina Waytes, Asset Manager
Famicos Foundation
swaytes@famicos.org
216-791-6476 ext. 227
fax: 216.791-6485
Jordana Soyke
NorthRiver Development Corporation
jsoyke@northriverdevelopment.org
419.243.3204
fax 419.243.7918
Books/Papers Recommended by the Trainer:
The Successful On Site Manager
By Carol Stone King, Gary Langendoen and Lyn H. Humme.l Published by the Institute of Real Estate Management of the National Association of Realtors.
Asset Management -- Occasional Paper Series No. 2 Selecting a Management Firm: A Workbook and Sample Forms, November 1996 by Joan Wallstein for the Local Initiatives Support Corporation (LISC). Contact LISC for a copy of this useful paper for groups seeking to select a third-party management firm.
About the Trainer
Laura Junglas is a private consultant specializing in Asset Management training providing services in the areas of interim management, training, organizational development and community revitalization. Ms. Junglas traveled across the U.S. while working for Neighborhood Reinvestment to provide technical assistance to nonprofit groups involved in neighborhood revitalization. While at Neighborhood Progress, Inc. (NPI), a Cleveland-based local intermediary that provides technical assistance and grant funding to a network of 26 CDCs, Ms. Junglas coordinated an Asset and Property Management program and also assisted in the development of performance standards for the Cleveland CDCs. She recently has taught “Introduction to Asset Management” offered by the Ohio CDC Association. She counts among her clients LISC, NPI, CHAM and Ohio CDC Association.
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