Rand Partners Podcast – 3 Tips to Increase NOI: The 3 Most Important Letters in Multifamily
Key Information:
- Net Operating Income (NOI)
- Other Income
- Move-In Fees- Non Refundable fee to move-in
- RUBS – Billback system for utilities
- Late Payments
- Application Fees – to screen tenants
- Expenses
- Garbage – Negotiate and call local vendors
- Marketing – Find cost-efficient indicators (Internet ads vs Print Ads)
- Cable contracts – Remove
- Daily Key Performance Indicators
- Delinquency
- Vacancy
- Previous Month’s NOI
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