Read more about the article Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

You can’t believe it’s happening again. It seems like yesterday when you purchased your second home – a modern masterpiece just a few hundred yards from the beach in Sag Harbor – only to have it nearly levelled by Superstorm Sandy. The floor-to-ceiling windows that sold you on the property were shattered, and the recently renovated great room was under several feet of water. Outside, magnificent Linden trees, some hundreds of years old, had been felled by gale-force winds and were waiting to be carted away. The aftermath of the storm was one of the most stressful times in your life. It was bad enough having to throw out the furnishings you and your spouse had chosen with such care and excitement; losing the eclectic collection of artwork and other items, most of which had been inherited from your…

Continue ReadingManaging multiple properties & weather season creates a need for complete visibility with all your physical assets.
Read more about the article EstateSpace is providing clarity for principals & estate managers with complete visibility.

EstateSpace is providing clarity for principals & estate managers with complete visibility.

There are several financial and personal benefits to owning multiple properties, not the least of which is feeling like you are at home when travelling to your favorite spots. Another great pleasure is being able create that feeling of home for visiting friends and relatives. Whether you are in town or not, you always make it a point to have your house stocked with their favorite foods, choose the bedrooms in which they will be most comfortable and make your household staff aware of any other particular needs they may have.  In the days leading up to their arrival, you often find yourself making several phone calls to your estate managers to ensure that every detail is accounted for. Given your busy schedule, and theirs, this can become inconvenient, particularly if the home is in a different time zone.…

Continue ReadingEstateSpace is providing clarity for principals & estate managers with complete visibility.
Read more about the article Embracing the need for digital transformation of asset management for families & individuals.

Embracing the need for digital transformation of asset management for families & individuals.

As we rang in 2020, few could have predicted the upheaval and chaos that would soon erupt throughout the world. Many of us are feeling the effects of prolonged fear over our own health and that of those close to us. Not to mention the stress of economic uncertainty. There are some, however, who believe that within this crisis are unprecedented opportunities to uplevel the way we live, interact with each other, and do business. In order to do so, we must build what our partners at Red Five refer to as “community resiliency,” which they contend is based on five core pillars.                       Mindset: as mentioned above, there are many innovators with the forward-thinking perspective needed to create the “new normal” we would like to see in the world. Skills: The speed and innovation with which people and…

Continue ReadingEmbracing the need for digital transformation of asset management for families & individuals.