The Property Performance Formula: Balancing Budgets and Reducing Turnover while Ensuring Fair Housing Compliance

Description

My guess is that everyone reading this is already engaged in the budget process! Unit inspections, gathering historical data, planning budget retreats and pizza weekends and preparing for the annual “Let’s make a deal” process to get the funds we think we’ll need to produce the results we’ll be held accountable for. As you prepare to forecast the future, set aside an hour to review budgeting terminology, value building strategies and financial analysis. We’ll look at managing turnover and connect the dots between finance and fair housing.

Learning Objectives:-

• Review of multifamily finance terms
• Review of multifamily finance calculations
• Review of value building strategies
• Value-based budget strategies
• Strategies to reduce resident turnover
• Fair Housing considerations for budgeting.

Areas Covered:-

• Our Two Job Descriptions
• Other People’s Money
• Definitions
• Budget Theories
• Budget Preparation
• Budget Presentation
• Formulas and Calculations
• Maximizing Revenue and Value
• Managing Resident Turnover
• Fair Housing and Finance.

Handouts & Reference Material:-

A PDF copy of the presentation will be available for download along with a PDF Reference Guide containing resources.

Who Will Benefit:-

• Community Manager/Director
• Multi-site Manager (Area, Regional)
• Marketing and Training Professionals.