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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