Operational management is arguably equally as important as increasing rents for an apartment community as it relates to executing the business plan. As we all know, in commercial real estate, the value of an asset is determined by the income it produces. The first thought that comes to most investors' minds when we discuss increasing the overall revenue or force the appreciation is raising rents.
However, managing and decreasing your expenses and improving operations can dramatically impact the overall revenue that can be generated from the asset without having to implement rent increases, which in many cases, may not be an option.
Today's guests are experts in water conservation with SAS Conserve, a water conservation company focused on helping multifamily operators not only reduce their overall expense through water utilization reduction, but also help the cause to move towards more efficient water consumption and improve our Earth's environment.
In today's episode, Kelly "The Potty Princess" Stinson and Anselmo Torres III teach us about not only the importance of water conservation but also the products and service that SAS offers its clients to improve their operating expenses. With their proprietary low flow toilets and other water fixtures, SAS has been able to significantly reduce water utilization expenses by as much as 30% or more in many cases. That's a staggering cost reduction which equates to overall revenue increases and ultimately property valuations.
To learn more about SAS Conserve, visit www.SASconserve.com or connect with Kelly and Anselmo on LinkedIn at #thepottyprincess or #anselmotorresIII.
Tune in next time!
