Course Description
Did you know that for every 1,000 units managed by the legacy approach to unit turnover, it costs you $300,000 in lost NOI? That's what we like to call “Make Ready Anarchy”. It's worth more than $5 million in today’s market.
Cost in lost NOI is found to be compiled from the following:
- Lost time
- Errors and scope creep
- Scheduling
- Inefficiencies
- Chargebacks
- Compliance
- Management oversight
In this course, SuiteSpot CTO, Sorin Michnea, shares the three core actions that you need to bring Unit Turnover Management into the 21st century. As we stop for a moment and think about how much change has come to multifamily operations over the last decade, we start to realize how the process for procedures used in managing Unit Turnover today hasn't really changed.
Learning objectives:
- Map your business processes to identify points of friction and areas for improvement
- Automate your workflows to reduce errors, save time, and save money
- How to introduce new processes to a resistant audience
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