How To Increase Your Multifamily Asset's NOI in Today's Difficult Environment
One of the best conferences of 2024, Blueprint, is ramping up for 2025, and in honor of this year's event, we are sharing one of the sessions produced by Multifamily Insiders for last year's event. This panel was packed with great takeaways. Here are a few of my favorite highlights, and you can watch the entire session below:
- NOI opportunities in the margins, both revenue and cost savings:
- Utilities, energy
- Smart irrigation, with an ROI of less than 6 months
- Leak detection to reduce insurance costs
- Specialization driving a reduction in work order response times.
- Avoiding the "not my job" scenario while also specializing.
- Energy efficiency improvements through simple communication strategies.
- Measuring air bubbles to reduce water bills? Yes, that's a thing.
I recommend adding Blueprint 2025 to your conference schedule, and as we are partnered to again produce two of the kick-off sessions at the conference, our Insider community can get $300 off conference registration. You can register here:
http://blueprintvegas.com/MultifamilyInsider
Ian Bingham
Senior Vice President Business Development
Buckingham Companies
Adrian De Smul
(Formerly)
Managing Director, Strategy and Innovation
Greystar
Aaron Maas
Executive Vice President
Olive Tree Holdings
About the author
Brent Williams is Chief Insider of Multifamily Insiders, the largest social network in the world for multifamily professionals. His background includes both property management and supplier, and he writes on all facets of the multifamily industry, although his focus lies in resident retention.