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NOI Strategies for The Next Generation

NOI Strategies for The Next Generation

Wednesday, February 22, 2023
1:30 PM - 3:30 PM (EST)

Event Details

NOI Strategies for the Next Generation

The Three P's of NOI Growth

About this session: 

This session will walk participants through case study and application, to realize the impact of the decisions that they make every day. Rich has determined throughout his career that the Three Ps of NOi are what separate assets that have acceptable performance from the outrageously successful assets. If you are looking for ways to energize and engage your team to find exceptional results in the growth of value, then this is the session for you.

Learning Objectives:

✔ Participants will obtain strategies that impact the value of the investments they manage

✔ Participants will practice the skill of determining the value of an investment. 

✔ Participants will embrace the concept that they are "owner's advocates" not "resident advocates"

✔Participates will apply the value formula to every management decision that they make

Session Outline: 

In this enlightening session, participants will understand the "why" behind NOI growth and sustainability.

  • Introduction to session and topic
    • Introduce a case study in NOI Growth
    • Distinguish the difference between "property management" and "investment management"
    • Understanding the Impact of NOI on value
  • The 3 P's of NOI
    • People, Policy, Pride Points
  • Summary
    • Every day decisions are simple math problems
    • Applying the 3 P's

Meet the Speaker

Your NOI Coach and ApartMentor is Rich George, a successful businessperson and published author that has over 30 years of business experience. Rich brings a no-nonsense approach to strategic planning and a passion for culture building.
Rich’s background includes the management of over 3.5 billion dollars of real estate assets, and over 350 million dollars of capital re-investment strategies. Key to his success is the management of highly distressed properties, including those in court receivership.

Rich attended Wayne State University and is a Licensed Real Estate Broker. Rich is a member of the Senior Faculty of NAAEI and MHLI. He has been recognized by his peers as a leader in the industry serving on the Board of Directors for the Property Management Association of Michigan, and as the President of The Detroit Metropolitan Apartment Association. He was recognized as one of the first graduates of the Leadership Lyceum for the National Apartment Association and has served on a multitude of committees.

Known for his team building, culture-changing, and change management skills, Rich leads the market in promotion and preservation.