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Strategies for Increasing NOI: Maximizing Ancillary Services, Income & Reducing Costs
March 20, 2024
- Optimizing current income streams and adding new income-generating products and services
- Which ancillary services and products are most important to today’s tenants?
- How does this vary by property type/geographic market?
- Tracking and adjusting resident fees
- Reducing costs to increase NOI: quick fixes vs. longer term, strategic investments
- Reducing tenant turnover, turnover time and associated costs
- How do you grow from 100s of homes to 1000s without sacrificing the tenant experience?
- Using rent collection services and optimizing insurance products
- Challenges and efficiencies in managing amenities and ancillary services