The purpose of this study was to determine asset management issues related to the low coverage of clean water services. This study uses qualitative explanative methods. The unit of analysis in this study is PDAM Tanah Laut Regency. The primary data source for the study came from interviews with the Director and his staff, as well as data obtained directly from PDAM Tanah Laut Regency. While secondary data sources come from company financial reports, performance reports by BPKP, performance reports from BPPSPAM. Data analysis to identify problems using CIPP with weighting problems using AHP. The results of the analysis show that the problem of managing the assets of the PDAM Tanah Laut Regency that causes the low coverage of clean water services is dominated by the factor of company resources in the form of infrastructure (machine) and funding (money). Most of the company's production and distribution machineries are obsolete, old and damaged, thus contributing greatly to the high and low coverage of clean water services. While in terms of money, the company does not have sufficient funding capacity to conduct new procurement or heavy maintenance in overcoming the problems of the machine.