Otis Ukpai- Founder | Managing Partner at GMI Capital Partners

 Asset management is critical to financial stability, business growth, and operational efficiency. Otis Ukpai , a seasoned expert in asset management, shares his insights on the best practices that can help streamline this process, maximize asset value, and ensure long-term success. Here’s a look at his top recommendations: 1. Develop a Comprehensive Asset Management Plan A solid asset management plan is the foundation of any efficient strategy. According to Ukpai, the plan should cover everything from asset acquisition and lifecycle management to disposal or repurposing. “You need a roadmap that’s flexible enough to adapt to market conditions but robust enough to stay on course,” he says. Ukpai advises regular plan updates based on asset performance, business needs, and economic factors. 2. Leverage Technology for Real-Time Data and Monitoring The digital transformation in asset management has been a game-changer. Ukpai stresses the importance of implementing advanced tracking and...

Real estate investment is one of the most reliable ways to build wealth, and with the right strategies, it can be accessible even to beginners. Otis Ukpai, a seasoned real estate investor, shares five easy strategies that can help you get started and succeed in the world of real estate investment. 1. Start Small with Rental Properties One of the easiest ways to begin your real estate investment journey is by purchasing rental properties. You don't need to start with a large portfolio. Instead, focus on a single-family home or a small multi-family property. Rental income can provide a steady cash flow while you build equity over time. Make sure to research the local rental market, analyze potential returns, and consider property management options if you don’t want to manage tenants yourself. 2. Invest in Real Estate Investment Trusts (REITs) If you’re looking for a more hands-off approach, consider investing in REITs. These are companies that own, operate, or finance income-produci...

 Real estate investing can be a powerful way to build wealth and achieve financial independence. However, for beginners, it can also seem overwhelming with its various strategies, risks, and opportunities. Mastering a few essential skills early on can set you on the right path. Here are five key skills that every beginner real estate investor should focus on to ensure success. 1. Financial Literacy Understanding the basics of finance is crucial for any real estate investor. You need to grasp key concepts like cash flow, return on investment (ROI), net operating income (NOI), and debt service coverage ratios. Being financially literate allows you to evaluate deals, set budgets, and manage your investments wisely. Key aspects of financial literacy for real estate investing include: Understanding mortgages and interest rates : Knowing how different loan products work, including fixed-rate vs. variable-rate mortgages. Managing cash flow : Calculating income and expenses to ensure posit...