Increase NOI by Measuring Performance

Submitted by J. Debes With the single-family market recovering and new supply from development coming on-line, analysts believe the “name your price” rent increase environment of the past couple years will start to dissipate in 2013.  Most operators can consistently grow NOI when demand outpaces supply.  However, when markets become more competitive, seasoned operators can still deliver profits by focusing on operating fundamentals such as vacant unit preparation or resident retention. To focus on the fundamentals, you must first develop a means for measuring your effectiveness for each operating fundamental…