the first step in our five point diagnostic evaluation, a thorough
income and expense review will be completed in order to assess the
financial performance of your real estate assets. We will provide
a comparative analysis utilizing key industry benchmarks. We will
compare properties of similar age, style and size while identifying
any prevailing trends. Our evaluation will also include specific step-by-step
recommendations for immediate improvement to the bottom line.
As with any organization, the best of plans can fail due to poor
execution. Is it a result of weak organizational management, poor
strategic planning, lack of training, miscast personnel or simply
underperformance? We will carefully analyze each one of these areas
and determine if and where a breakdown is occurring. Our recommendations
will include a confidential organizational assessment to help guide
you through your staffing decisions.
Our evaluation will provide an overview of the real estate assets
ability to generate increasing revenue over the next several years.
We will identify major physical maintenance concerns and areas of
obsolescence. Our analysis will focus primarily on the physical
improvements that will generate additional rental revenue
providing the demographics support increasing rents. We will also
identify those items that may not be visible to the customer and
may pose a considerable liability to the owner. The physical review
will include a scored assessment, which grades the assets
ability to compete in the current market.
More often than not, a management company will recommend spending
money to improve an asset. However, these recommendations rarely
come with an analysis of which improvements have a more likely opportunity
to increase rental revenue. As part of your strategic plan, is your
goal to maintain the net operating income (NOI) in a weak market?
Or, to position the NOI for substantial growth over the next several
years? Our analysis will not only review the current market comparables
to identify how your assets stack up, but will also include a comprehensive
historical and future demographic trend analysis to identify where
the market is heading. Why spend money in the hopes to generate
higher rents when the demographics do not support it? Lastly, we
will identify all vacant, zoned multifamily land, multifamily building
and permits assigned in the pertinent markets, so you have a clear
picture of where you stand.
If you do not know where you are heading, it is likely you will
not know when you get there. Strategic planning directs where an
organization and/or assets of the organization head over the next
year or more, how it is going to get there and when you will know
if it got there or not. After a thorough organizational and/or asset
review, we will work with your key designates to develop a strategic
plan which compliments your organizational goals.
the REAL promise.