LOS ANGELES—Asset management is the key tofinding the right property manager, according toTodd Siegel, VP of retail at PasscoCo.—a firm that uniquely packages the two together so thatowners can get the most out of their investment. Asset managerslook at the full lifespan of the investment, while propertymanagers handle the day-to-day operations. They are two sides ofthe same coin, if you are looking to get the best performance outof an investment. To find out more about this dichotomy, as well aswhat is happening in the management space, we sat down with Siegelfor an exclusive interview. Here is what he tells us:

GlobeSt.com: What is the difference between assetmanagement and property management?

Todd Siegel: Property managers handlethe day-to-day operations of the property, such as collecting therent, managing contractual agreements and making sure the propertyis “open” for business each day. Asset management however, reallytakes the property through the full lifecycle of the investment,from acquisition to disposition and everything in between,determining the overall plan for an investment and dictating theproperty management strategy. We always say that managers really dohave all of the responsibilities of an owner, without actuallyowning the property.