Multifamily consulting identifies and solves specific, granular problems or uncover opportunities for clients that result in substantial impact over a short period.
Property management companies handle the day-to-day operations, evolving demands, and emergencies of multiple properties across geographical locations over a long period.
For You:
Our partnership provides the precise metrics that power your assets, how to move them in the most opportune direction, and specific ways to measure effectiveness now and in the future.
For Your Team:
Site-level or corporate-level PM teams will have alignment with asset management teams on the precise opportunities and challenges to work on at the asset and have in-hand strategies to use time and time again to move the metrics.
For Your Tenants:
When your assets run better, your tenants will feel it, stay longer, and pay more. Assets with stabilized cash flow provide readily available supplies needed to resolve service requests fast, have low employee turnover, and quick response from outside contractors due to confidence in AP turnaround.
Apartment Management companies leverage specialized departments or roles to efficiently handle fluctuating workloads, ensuring broad improvements and stability across portfolios. However, coordinating these departments for in-depth assessments on a single asset to develop effective strategies in tandem can be challenging. Asset NOI’s expertise in analyzing operational aspects and understanding departmental dynamics ensures insights and strategies translate into results.
This varies based on the scope of the project and the time necessary to achieve the results. Consulting projects range anywhere from 2 weeks to 90 days with optional extensions depending on the client’s desire to extend the project to another area of improvement.
Increasing NOI through managing or reducing expenses is our focus. For this reason, every effort is made to optimize your existing team, software, and systems. Depending on the circumstance, sometimes the ROI is worth an additional investment. Every effort is made to balance quality, cost, and ROI through improving the critical processes that deliver revenue. The decision of course will always be yours and Asset NOI will negotiate best terms on your behalf if requested.
Yes. It’s critical to the process that the client is committed to the objectives and goals. If for any reason during the project, you’re unable to move forward, you can cancel the contract in writing effective immediately. Any hours utilized toward the project at that point will be billed at any hourly rate and all of the reports, analytics, and strategies developed up until that time will be delivered to you.
The answer depends on two factors: The asset and scope. While the process and time commitment vary by project, Asset NOI makes every effort to simplify and disperse requests to the appropriate team member to minimize burden or stress. For an asset-specific NOI project, you’ll see revenue benefits within the first week. We prioritize simplicity, advancing with 3 to 6 initiatives weekly. If resources allow, we can expedite. Programs usually last 90 days, with initial intense activity followed by focused efforts on success and additional opportunities.
Asset NOI aims to minimize your resource, time, and financial investment in our strategies. We prioritize simplicity, requiring minimal commitment from you or your team, while maximizing output. We achieve this through targeted action items, easily shareable communications, and utmost respect for your resources and time.
If Asset NOI doesn’t identify any NOI improvement opportunities within the 7-day discovery period, we’ll advise exploring other operational aspects or terminating the contract. Yet, given the uniqueness of multifamily assets, such situations are rare, as there’s always potential for enhancement.