Artwork

Contenu fourni par Michael & Suzy. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Michael & Suzy ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
Player FM - Application Podcast
Mettez-vous hors ligne avec l'application Player FM !

AREI 124: Unlocking Success: The Critical Role of CAPEX and Unit Turn Tracking in Multifamily Asset Management

20:09
 
Partager
 

Manage episode 410195476 series 2929860
Contenu fourni par Michael & Suzy. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Michael & Suzy ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Welcome adventurous family!
In this episode of we share with you why maintenance matters and we look into the critical, but often overlooked, world of CapEx and unit turn tracking. Learn how strategic planning and smart tracking systems can maximize your ROI, improve resident satisfaction, and keep your budget on track. Come join us and listen in and unlock the full potential of your multifamily assets!
👉Watch the YouTube episode here!

CapEx Tracking

  • What is CapEx and why is it important to track it?
  • Categorizing CapEx for accurate financial reporting
  • Including a contingency budget for unexpected costs
  • Case study: Overspending on unnecessary unit turns

Maximizing ROI through CapEx Projects

  • Examples of CapEx projects that increase value (washer/dryer hookups)
  • Importance of planning and budgeting for CapEx projects
  • Tracking CapEx spending with a spreadsheet
  • Ensuring accountability for all parties involved

Unit Turn Tracking

  • Importance of tracking unit turns alongside CapEx
  • Data-driven approach to analyzing unit turn costs
  • Identifying areas for improvement in the turn process
  • Using unit turn data to hold property managers accountable

Benefits of Meticulous Tracking

  • Improved budgeting and cost control
  • Increased ROI through strategic CapEx allocation
  • Higher resident satisfaction through well-maintained units

Myth Busted: Does CapEx Tracking Really Matter?

  • Addressing the misconception that CapEx tracking is unnecessary
  • How neglecting CapEx tracking can lead to significant financial losses

Tweetable Quotes:
" Neglecting CapEx expenses will lead to significant financial losses in the long run."

Explore more. Adventure awaits.

Please subscribe and leave an honest review - How do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here.
GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

  continue reading

131 episodes

Artwork
iconPartager
 
Manage episode 410195476 series 2929860
Contenu fourni par Michael & Suzy. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Michael & Suzy ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Welcome adventurous family!
In this episode of we share with you why maintenance matters and we look into the critical, but often overlooked, world of CapEx and unit turn tracking. Learn how strategic planning and smart tracking systems can maximize your ROI, improve resident satisfaction, and keep your budget on track. Come join us and listen in and unlock the full potential of your multifamily assets!
👉Watch the YouTube episode here!

CapEx Tracking

  • What is CapEx and why is it important to track it?
  • Categorizing CapEx for accurate financial reporting
  • Including a contingency budget for unexpected costs
  • Case study: Overspending on unnecessary unit turns

Maximizing ROI through CapEx Projects

  • Examples of CapEx projects that increase value (washer/dryer hookups)
  • Importance of planning and budgeting for CapEx projects
  • Tracking CapEx spending with a spreadsheet
  • Ensuring accountability for all parties involved

Unit Turn Tracking

  • Importance of tracking unit turns alongside CapEx
  • Data-driven approach to analyzing unit turn costs
  • Identifying areas for improvement in the turn process
  • Using unit turn data to hold property managers accountable

Benefits of Meticulous Tracking

  • Improved budgeting and cost control
  • Increased ROI through strategic CapEx allocation
  • Higher resident satisfaction through well-maintained units

Myth Busted: Does CapEx Tracking Really Matter?

  • Addressing the misconception that CapEx tracking is unnecessary
  • How neglecting CapEx tracking can lead to significant financial losses

Tweetable Quotes:
" Neglecting CapEx expenses will lead to significant financial losses in the long run."

Explore more. Adventure awaits.

Please subscribe and leave an honest review - How do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here.
GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

  continue reading

131 episodes

All episodes

×
 
Loading …

Bienvenue sur Lecteur FM!

Lecteur FM recherche sur Internet des podcasts de haute qualité que vous pourrez apprécier dès maintenant. C'est la meilleure application de podcast et fonctionne sur Android, iPhone et le Web. Inscrivez-vous pour synchroniser les abonnements sur tous les appareils.

 

Guide de référence rapide