A firm with over 100 years of collective experience in residential & commercial real estate development, investment and management services. Over the period they have developed 165 properties in 5 different cities of East Coast and West Coast in USA.
Despite having a large operation spanning multiple properties, the client faced challenges in managing operating expenses and establishing operational controls. There was no budgeting (operating or annual) process in the company. There was a substantial gap in collections and expenses resulting in poor net cash flows of almost every property. Streamlining of operations coupled with budget based planning was direly needed to boost operating efficiencies.
Timely reporting of budgetary variances including an explanation of the causes for the variances resulting in better understanding of the property’s performance and issues
Collection Factor has improved by 5%-10% across properties resulting in better cash-flows
Expenses such as utilities and repairs have gone down by 5%-15% due to greater visibility, tighter expense control and higher accountability
Planned allocation of capital improvement funds resulting in more effective utilization of capital improvement expenses such as carpeting, appliances
If you are interested in knowing more about how OHI can help your organization, please email us at firstname.lastname@example.org/
email@example.com or call us at +1-646-367-8976 (US) /
+44 20360 83041 (UK) /
91-11-26475715 (India). We can also provide a cost-benefit analysis customized for your organization.