RPP – 3 Tips to Increase NOI (most important letters in multifamily)

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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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