The Silent Profit Killer: How Utilities Drain Multifamily NOI
As a vendor in the multifamily industry, I was constantly visiting properties, talking to managers, maintenance technicians, and occasionally, owners.
As a vendor in the multifamily industry, I was constantly visiting properties, talking to managers, maintenance technicians, and occasionally, owners.
Italian economist Vilfredo Pareto found that 20% of Italy's population received 80% of the country's income. This became known as Pareto's principle, also known as 80/20 rule.
The multifamily industry is heavy on reporting. None of the most common software packages provides the reports that most owners or managers require. That's why I've created Catalyzer. It is a dashboard that not only provides robust real-time reporting but also has machine learning algorithms for enhanced forecasting.
There is never a dull moment when working in the multifamily industry. Many years ago, my first job right out of college was for a property management company who managed about 1,000 doors.