The NOI Playbook

Notes on NOI, for the people who keep buildings profitable.

Operating expenses, contracts and the math that turns a monthly saving into asset value. Written for owners, property managers and brokers.

The rear service lane of a Florida retail plaza, a dumpster enclosure with green louvered gates in late afternoon sunFor owners8 min read

How to increase NOI on a commercial property without raising rents

Rent gets the attention. The expense side of the ledger is where NOI is often easiest to find, and every recurring dollar you keep is worth far more than a dollar.$200,000of value from $1,000 a month, at a 6% cap rate, before feesRead
A printed waste invoice on a desk, one line marked in highlighter, beside a calculatorFor owners6 min read

NOI and cap rate: what $1,000 a month in savings is worth to your building

A thousand dollars a month sounds like a rounding error on a commercial property. Run it through the cap rate and it starts to look like a renovation.$192of value for every $1 a month saved, at 6.25%Read
A property manager walking the breezeway of a Florida apartment community, folder in handFor property managers7 min read

The property manager’s guide to finding savings ownership will notice

You already know which invoices nobody reads. This is how to turn one of them into the best line in your next owner report.3documents that prove a savingRead
Close-up of an invoice line marked with a yellow-green highlighterFor owners7 min read

How to read a commercial waste invoice, line by line

Waste invoices are short, dense and rarely questioned. Here is what each line usually means, and the question to ask about every one of them.18.5%a surcharge worth a second lookRead
A front-load truck emptying a commercial container behind a Florida office building at sunriseFor property managers7 min read

Waste hauler contracts: seven clauses to check before your next renewal

Most of what you pay for waste service was decided the day the contract was signed. These are the clauses that matter most, in the order we read them.7clauses that set what you payRead
A mid-century modern Florida office building at dusk, lit windows and royal palmsFor brokers6 min read

NOI before you list: operating expense wins that support a higher price

Buyers price the income they can verify. A recurring expense correction made before marketing can be one of the simplest ways to put more NOI behind the ask.T-12the numbers buyers underwriteRead

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