15 Ways to Increase Revenue in Your Multifamily Property
- Feb 21, 2017
The way to increase the value of a multifamily property is to either increase the income or decrease the expenses, which will affect the net operating income (NOI). The NOI is a key metric when analyzing the value of a multifamily property. For the purposes of this article, I would like to focus upon the top line of the investment, revenue, and how to grow the revenue of the asset. The asset classes that we focus upon are B & C properties. If you would like more information on NOI and increasing the value of your asset, we have an article on our website that goes into depth about NOI.
Add Additional Units
On our most recent purchase, the property had laundry rooms spread throughout. The rooms were large, and we began to consolidate the laundry and decrease the size.