Our extensive history on the landlord's side has given us the ability to approach the management of assets with an ownership mentality. Enhancing NOI is the ultimate goal of property management and is accomplished by appropriately minimizing expenses and maximizing revenues.
Every facet of an asset’s operation is reviewed to ensure that expenses are reduced without deferring maintenance or negatively impacting the marketability of the property. The key is to manage expenses intelligently; cutting operating expenses without thoughtful analysis can lead to deterioration of services and ultimately a decline in rent and resulting loss of value. EdgeCore has years of experience in all elements of expense reduction, from high-tech retrofits to proprietary contracts that shift liability and costs away from ownership, to something as simple as LEED-EB Green cleaning techniques that produce a marketing advantage while delivering significant savings.
The opportunities to increase income span a broad range, including promoting renewals and expansions by providing an excellent level of service and amenities that make doing business easier for the decision makers and their employees. At the other end of the revenue spectrum, we strategically time the major expense item pass-throughs, when setting base-years for large tenants, avoiding the establishment of abnormally high thresholds, thus maximizing recoveries.
The category of Property Management is wide reaching and includes a multitude of services, each with its own strategies and techniques.