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

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

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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