NOI growth is not just within landlords’ purview. Property managers can also contribute to this important real estate metric and help grow their clients’ bottom line, says Joe Greenblatt, San Diego-based president of IREM.
Greenblatt tells GlobeSt.com that when property managers, particularly in the multifamily sector, team with owners to gain maximum operating efficiency from their properties, they can benefit from these gains. “One of the keys is the recognition that this is an income-driven business and that real estate managers now have access to the understanding of real estate investment metrics that have guided asset managers for some time. There’s a host of best practices that cascade from that core understanding.”
Read more...Property Managers Can Help Grow NOI, Too - Daily News Article - GlobeSt.com
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