Asset Manager Property Inspection Report: Fill & Download for Free

Benefit of home inspection for Landlords (Owner) & tenantsHome inspection is important to ensure that the interests of both landlord and tenant are protected in fixtures, fittings and furniture.Home inspection records the current condition of fixtures, fitting and furniture. This avoid further conflict of repairs during tenancy or tenancy termination.Inspection before tenant occupations, makes tenant to take any action in the event that the rental unit has been damaged during the course of the tenancyLandlord will be able to withhold the rental deposit to mitigate any financial cost of repairing any damage to the rental unit - however, if no home inspection was done beforehand of tenant occupation, they will not be within calculated rights to do so, and will have to absorb the full cost of the repairNew tenant cannot be held liable for any damage that was there prior to them moving in to the property.Advisable for landlords to also undertake a midterm inspection approximately halfway through the tenancy agreement in order to monitor the state of the property and intervene early if there is any breach or damageMidterm inspection will ensure that any unpleasant situations will be nipped in the bud and not escalate any further than necessaryMidterm inspection allows the landlord to monitor their asset during the tenancy, and allows the tenant to bring up any maintenance or repair issues that should be attended to by the landlordHome inspection report must be stated or attached with rental agreement before signing.PGN Property Management An end to end property management company in Bangalore.We do home inspection in Bangalore.

Actuaries work in a number of Insurance fields such as Life, Health, Pensions, Annuities, Asset Management, Property & Casualty (Auto, Home, Marine, etc), Enterprise Risk Management, and Investments.Actuaries use skills in mathematics, economics, finance, probability, statistics, and business to help businesses quantify the risk of certain events occurring, and to formulate policies that minimize the cost of that risk. For this reason, actuaries are essential to the insurance and reinsurance industry, either as staff employees or as consultants. Actuaries also work in conjunction with government agencies such as the Government Actuary’s Department in the UK or the Social Security Administration in the US. to estimate the cost of the occurrences such as death, sickness, injury, disability, or loss of property.Actuaries also address financial questions, including those involving the level of pension contributions required to produce a certain retirement income and the way in which a company should invest resources to maximize its return on investments. Using their broad knowledge, actuaries help design and price insurance policies, pension plans, and other financial strategies in a manner which will help ensure that the plans are maintained on a sound financial basis.Traditional employmentOn both the life and casualty sides, the classical function of actuaries is to calculate premiums and reserves for insurance policies covering various risks. Premiums are the amount of money the insurer needs to collect from the policyholder in order to cover the expected losses, expenses, and a provision for profit. Reserves are provisions for future liabilities and indicate how much money should be set aside now to reasonably provide for future payouts. If you inspect the balance sheet of an insurance company, you will find that the liability side consists mainly of reserves.On the casualty side, this analysis often involves quantifying the probability of a loss event, called the frequency, and the size of that loss event, called the severity. Further, the amount of time that occurs before the loss event is also important, as the insurer will not have to pay anything until after the event has occurred. On the life side, the analysis often involves quantifying how much a potential sum of money or a financial liability will be worth at different points in the future. Since neither of these kinds of analysis are purely deterministic processes, stochastic models are often used to determine frequency and severity distributions and the parameters of these distributions. Forecasting interest yields and currency movements also plays a role in determining future costs, especially on the life side.Actuaries do not always attempt to predict aggregate future events. Often, their work may relate to determining the cost of financial liabilities that have already occurred, called retrospective reinsurance, or the development or re-pricing of new products.Actuaries also design and maintain products and systems. They are involved in financial reporting of companies’ assets and liabilities. They must communicate complex concepts to clients who may not share their language or depth of knowledge. Actuaries work under a strict code of ethics that covers their communications and work products, but their clients may not adhere to those same standards when interpreting the data or using it within different kinds of businesses.Non-traditional employmentMany actuaries are general business managers or financial officers. They analyze prospective business prospects with their financial skills in valuing or discounting risky future cash flows, and many apply their pricing expertise from insurance to other lines of business. Some actuaries act as expert witnesses by applying their analysis in court trials to estimate the economic value of losses such as lost profits or lost wages.There has been a recent widening of the scope of the actuarial field to include investment advice and asset management. Further, there has been a convergence from the financial fields of risk management and quantitative analysis with actuarial science. Now, actuaries also work as risk managers, quantitative analysts, or investment specialists. Even actuaries in traditional roles are now studying and using the tools and data previously in the domain of finance. One of the latest developments in the industry, insurance securitization, requires both the actuarial and finance skills.Another field in which actuaries are becoming more prominent is that of Enterprise Risk Management, for both financial and non-financial corporations. For example, the Basel II accord for financial institutions, and its analogue, the Solvency II accord for insurance companies, requires such institutions to account for operational risk separately and in addition to credit, reserve, asset, and insolvency risk. Actuarial skills are well suited to this environment because of their training in analyzing various forms of risk, and judging the potential for upside gain, as well as downside loss associated with these forms of risk.RemunerationThe credentialing and examination procedure for becoming a fully qualified actuary can be discouraging. Consequently, the profession remains very small throughout the world. As a result, actuaries are in high demand, and they are highly paid for the services they render. In the UK, where there are approximately 8,000 fully qualified actuaries, typical post-university starting salaries range between GBP £25,300 and £35,000 (approx. US$50,100–US$69,300 c. January 2008) and newly qualified actuaries in insurance companies earn somewhere between £46,000 and £55,000 (approx. US$91,100–US$108,900 c. January 2008) per year. Many successful actuaries earn over £100,000 a year (approx. US$198,000 c. January 2008). These reflect nationwide salaries and numbers are likely to be higher in London or in the South East of England.Actuarial ExamsIn the U.S., for life, health, and pension actuaries, exams are given by the Society of Actuaries, while for property and casualty actuaries the exams are administered by the Casualty Actuarial Society. The Society of Actuaries’ requirements for Associateship include passing five preliminary examinations, demonstrating educational experience in economics, corporate finance and applied statistics—called validation by educational experience (VEE), completing an eight-module self-learning series, and taking a course on professionalism. For Fellowship, three other modules, two exams, and a special fellowship admission course is added. The Casualty Actuary Society requires the successful completion of seven examinations and VEE for Associateship and two additional exams for Fellowship. In addition to these requirements, casualty actuarial candidates must also complete professionalism education and be recommended for membership by existing members.In order to sign statements of actuarial opinion, however, American actuaries must be members of the American Academy of Actuaries. Academy membership requirements include membership in one of the recognized actuarial societies, at least three years of full-time equivalent experience in responsible actuarial work, and either residency in the United States for at least three years or a non-resident or new resident who meets certain requirements. Continuing education is required after certification for all actuaries who sign statements of actuarial opinion.In the pension area, American actuaries must pass three examinations to become an Enrolled Actuary. Some pension-related filings to the Internal Revenue Service and the Pension Benefit Guaranty Corporation require the signature of an Enrolled Actuary. Many Enrolled Actuaries belong to the Conference of Consulting Actuaries or the American Society of Pension Professionals and Actuaries.See AlsoSociety of ActuariesThe Society of Actuaries (SOA) is the largest professional, actuarial organization in the world. It is dedicated to serving its 19,000 members, and the public. The SOA's vision is for actuaries to be recognized as the leading professionals in the modeling and management of financial risk and contingent events. The SOA is committed to:Education–Providing basic education in the fundamental principles of actuarial science, advanced education, professional development and continuing education for practicing actuaries.Research–Conducting research to develop studies of historical experience and techniques for projections into the future, analyzing the actuarial aspects of public policy issues and providing the foundation for further expansion of the profession.The Profession–Promoting high standards of professional competence and conduct within the actuarial profession.Casualty Actuarial SocietyThe purposes of the Casualty Actuarial Society are to advance the body of knowledge of actuarial science applied to property, casualty and similar risk exposures, to establish and maintain standards of qualification for membership, to promote and maintain high standards of conduct and competence for the members, and to increase the awareness of actuarial science.The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures. This is accomplished through communicating with the public affected by insurance as well as presenting and discussing papers, attending seminars and workshops, conducting research, and maintaining a comprehensive library collection.Other important objectives for the Society areestablishing and maintaining high standards of conduct and competence for its membership through study and a course of rigorous examinations,developing industry standards and a code of professional conduct, andincreasing the awareness of actuarial science.BeAnActuary.orgThis Site provides an overview of the actuarial profession and is used to promote the actuarial science career. Exam information, academic programs, and job hunting tips are included. The web site is sponsored by the Casualty Actuarial Society, and Society of Actuaries.Actuarial Foundation The American Academy of Actuaries serves the public on behalf of the U.S. actuarial profession. Uniting actuaries from all practice areas, the Academy is the voice of the profession on public policy and professionalism issues.The purposes of the Academy's work are described in the mission, which was updated in 2007.The Academy was created in 1965 and is headquartered in Washington, DC.Actuarial Outpost Discussion Forum - http://www.actuarialoutpost.comThe Actuarial Outpost is the largest social networking site specifically created for actuaries. The Outpost itself has three basic subsections: jobs listings, actuarial news, and by far the most important, the discussion forums.The actuarial discussion forums are broken into five major sections, subsections, and various number of forums in each subsection. This partitioning allows for the ability to find a specific forum dealing with all areas of actuarial science, as well as having sections exclusive to specific actuarial exams.Actuarial Wiki - http://www.actuarialoutpost.com/wikiThe AO Actuarial Wiki was recently formed to help compile all of the user generated notes donated by the Actuarial Outpost's members. This wiki provides free notes for each actuarial exam.U.S. Dept of Labor - http://www.bls.gov/oco/ocos041.htmGeneral Information on the Actuarial ProfessionActuarial Jokes - http://www.actuarialjokes.comA lighthearted take on the actuarial professionHow much do actuaries make? http://actuaryjobs.com/salary.htmlA regularly updated, comprehensive list of salaries for actuaries broken down into area of interest and experience.Wikipedia entry for 'actuary' - http://en.wikipedia.org/wiki/ActuaryGeneral information on the actuarial profession.Full List of Actuarial Societies around the world - http://actuarialoutpost.com/wiki/index.php/Actuarial_Societies_List

The answers below have already listed some great tools for property managers, but I’d like to add a few more:#1. Rent Manager: This property management software comes with all kinds of different features which allow you to do a range of activities including:Contract managementAccounting and tracking financesAsset managementMarketing for tenants or buyersMonitor, manage and resolve repair and maintenance issuesThis software is also mobile-friendly for the property manager on the go! Thanks to this, you can take photos of the properties you manage, enter work orders, organize service inspections, and even accept payments all from your phone. You can also use the software as a portal for tenants.#2. Buildium: This is a great tool that can give a boost to your property management career. With this tool, you can handle rental property marketing, finding tenants online, handling maintenance, and even track your finances. Similar to Rent Manager, this tool also has a portal that your clients, tenants, and property management team can access in order to streamline communications across everyone involved.#3. Mashboard: If you’ve been a property manager for a while now, you might know that it can be hard to find new clients. Because of this, you need to find other ways to make more money and simply trying to charge your current clients for more services may not work out well.Instead, it might be best to try to find your clients their next property and if you’re confident in the fact that they’re satisfied with your management, that’s one more property that you can get paid for managing.So how do you go about this? With Mashboard. Mashboard is an all-in-one dashboard that allows you to find and analyze investment properties quickly using filters that you can use to ensure you’re finding the kind of rentals your clients want, where they want them.From there, you can get access to branded real estate analysis reports that you can share through your Mashboard using the email or SMS feature. In this way, you’ll have done the work for your clients (with no effort at all on your part) and with an investment opportunity at their feet, they’ll no doubt buy their next property for you to manage.If you want to learn about a few more property management tools that are great options, I suggest you read:7 Best Property Management Tools for 2019