How to Reduce Costs, Increase Efficiency, and Add Value to Your Multifamily Property - Episode 142

💡 Looking for an Unsecured Term Loan with great rates and an easy application? Check out https://investorfinancingpodcast.com/termloan ✔️If you want to maximize Net Operating Income (NOI) and increase efficiency for your properties, taking a deep dive into your utilities is a natural place to start.

✔️Reducing utility costs results in predictable increases in NOI. Plus, it raises the value of your property (due to the increased NOI) and future-proofs it, too, in many cases (because you replace old, inefficient, and costly equipment with new energy-efficient equipment).

✔️The EPA examined the financial benefit of benchmarking. They determined a utility savings of just 2.45 percent in a 500,000 square foot building for three consecutive years would translate to energy cost savings of approximately $120,000, and an increase in asset value of over $1,000,000.

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_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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