The Top Sources of Ancillary Income
September 20, 2017
At the 2017 National Apartment Association Education Conference and Expo, panelists discussed punitive fee-based charges and service upgrades at communities.
Ancillary income for multifamily properties is always a hot topic, both for punitive fee-based charges, as well as service upgrades, and was a compelling session topic at the 2017 National Apartment Association Education Conference and Expo. According to Chase Harrington, COO of Entrata, ancillary income averages 4.4 percent of scheduled monthly charges, and he shared their research on the top 20 sources of ancillary income.