Reach Your Property's Highest Profit Potential: Beyond Just Raising Rent

1:00 PM ET | 12:00 PM CT | 10:00 AM PT
60 MINUTES
October 30, 2024
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Maria Pietroforte, CPM, NAAEI Faculty


With three decades in various sectors of multifamily, Maria offers a distinctive combination of leadership and expertise...

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Description 

Reach Your Property's Highest Profit Potential: Maximize Revenue, Boost NOI - Beyond Just Raising Rent

In situations where rental rates or occupancy have reached their peak, and appear to have plateaued, it’s essential to explore alternative avenues for enhancing Net Operating Income (NOI). It’s important to recognize that the culture and dynamics within a property or company wield a profound impact on its profitability. Profitability isn’t merely a product of mathematical equations; it is driven by people. Instead of adhering to outdated Key Performance Indicators (KPIs), consider implementing fresh, innovative KPIs that yield tangible results. Remember, when you prioritize your people, profits will naturally follow.
Far too often, companies continue to operate under the status quo, unwittingly leaving potential gains “on the table” due to inefficiencies, outdated procedures, a lack of innovation, and diminished team engagement. The reality for success is clear: you cannot keep doing what you’ve always done. By conducting analysis, shifting your focus, making necessary adjustments, and thinking outside of the box - you can improve your Net Operating Income.

Session Highlights

  • Learn and implement new KPIs that drive value and results
  • Discover approaches that engage your team to increase productivity and develop solutions
  • Practices that improve reputation and retention to drive NOI
  • Craft differentiating strategies to develop a competitive edge
  • Developing analytical and problem-solving skills – doing the math
  • How to calculate profitability metrics

Why you should Attend

Attending a training on "Maximizing Profitability Beyond Rent Increases" offers several compelling benefits:

  1. Holistic Revenue Strategies and Market Insights
  2. Diversified Income Streams and Tenant Retention Techniques
  3. Effective Marketing with professional development and network opportunities

Who should Attend

  • Property Manager
  • Maintenance Supervisor 
  • Business Leaders
  • Assistant Manager 
  • Promotable Online Staff
  • Trainers
  • Area Managers
  • Regional Managers
  • District Managers

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