Does it feel like you and your teams are just treading water right now? Well, you are not alone, and it appears to be more of the same on the horizon. With operating expenses expected to increase 5% and rent growth only 1-2%, property managers will indeed face significant pressure on their operating margins.
Join Elizabeth Francisco and her expert panelists, Melinda Howard - VP of Systems & Training at PLK Communities and Jeremy Thomason - Managing Principle & Industry Advisor at Convolo Capital for this on-demand webinar designed to equip you with the tools and insights needed to master the art of strategic budgeting for 2025. This session will provide actionable guidance and practical techniques to fine tune your operations and ensure financial stability. Topics include:
- Leveraging Technology for Budgeting Excellence: A showcase by ResMan on how to utilize technology to streamline and enhance your budgeting process.
- Setting Realistic Revenue Projections and Conducting Expense Analysis: Learn how to accurately forecast revenues and analyze expenses to create a robust budget.
- Enhancing Resident Engagement and Retention through Budgeting: Strategies for allocating budget resources to improve tenant satisfaction and retention rates.
- Developing Multiple Budget Scenarios: Techniques for preparing various budget scenarios during and after budget approval to adapt to changing conditions.
- Gaining Buy-In for Your Strategic Roadmap: Strategies to present your budget as a comprehensive plan for success in 2025, paving the way for a rebound in 2026 and securing stakeholder confidence.
Don’t let the uncertainties of the market overwhelm you - watch this webinar designed to help you navigate the financial challenges of 2025 successfully and lay the groundwork for a strong recovery in 2026.