The only thing fixed about the multifamily landscape is the land itself and even that isn’t guaranteed, just ask anyone who has had foundation issues at their properties. Everything else changes, trends, interest rates, cap rates, markets heat up, and then they cool off.
Multifamily asset owners and operators that grasp these dynamics will apply effective solutions and take proactive approaches. They will not only be insulated from the winds of change, but will have higher revenue and more advantageous opportunities available to them. Simple as that.
Asset NOI is an extension of my decades-long obsession with positively impacting the multifamily ecosystem. I’ve done this by increasing revenue, reducing expenses, and mitigating risk. Simple enough right? Not exactly, there are hundreds of backend settings in your operating software alone that impact NOI, and that’s just the software. There are thousands of decisions and actions/inaction that produce the NOI of any asset.
In choosing to be active in operating financially stable assets and companies, your investment funds success for not only you and your investors but also for careers, investors, vendors, and tenants, that are the engine for your future growth. Being an actively involved President, VP, Regional Manager, Accountant, IT, Human Resource Manager, Maintenance Technician, and Housekeeper for over two decades has provided purpose in my life and allowed me to take part in thousands of success stories.
