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Managing tenant
recoveries is complex and tedious.
The commercial real estate industry forfeits
billions of dollars of revenue and valuation
each year. Why? Because the lease terms that
entitle them to recover operating expenses from
tenants are frequently interpreted, calculated,
billed, and applied incorrectly. Savvy tenants
and their lease auditors relentlessly exploit
these difficulties resulting in unwanted
scrutiny and added overhead for your business.
Worst of all, recoveries are often missed
entirely which is the same as money down the
drain.
NOI Strategies converts these problems
into profit.
Our Performance Audit for Tenant Expense
Recoveries is designed to help you realize the
full potential of your net operating income.
Highly specialized audit teams scour every inch
of your recovery process for errors and
omissions. Lease by lease. Expense by
expense. Past, present, and future. How does
NOI Strategies find the problems that others
miss? Our experts know exactly what to look for
and where. In fact, members of the NOI team
actually built many of the very systems you use
to run your backoffice.
Most importantly, we
share in the savings we deliver to you. You
only pay if we improve your NOI.
†
NAREIT Statistics, September 2002.
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| How it
works: |
| 1 |
NOI’s
recovery specialists audit your leases,
abstract data, billing systems, and rent
payment allocations. |
| 2 |
Recovery entitlements are compared to
past billings and accounting system
setup for future billings. |
| 3 |
Each
recovery error and omission is logged,
corrected, and detailed for tenant
reimbursement. |
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