Shafiq Hirani CCIMReal Estate Advisor, REMAX Distinctive · Real Estate Advisor at RE/MAX Distinctive Commercial | Washington, DC | Your Guide To Profitable Real Estate Ventures

Unlock 20-Min NOI Audit: Boost Your Building's Profit Fast! #shorts

30 Jun 2026 · 1 min

Watch on YouTube

1:19

In this concise instructional video, Shafiq Hirani CCIM walks property owners and managers through a rapid, spreadsheet‑free net operating income (NOI) audit that can be completed in about 20 minutes. He emphasizes the need for a simple checklist and an honest assessment of five critical audit areas: (1) Revenue Capture – ensuring all fees, reimbursements, timely lease renewals, and consistent delinquency enforcement are in place; (2) Utilities – reviewing the past year of water and sewer bills for unexplained spikes, with a rule‑of‑thumb that a >15% increase over three consecutive months warrants investigation; (3) Vendors – confirming the top five contracts have been competitively rebid and checking for auto‑renewal or hidden add‑on charges; (4) Turns & Maintenance – measuring average vacancy turn time and establishing a standardized make‑ready scope rather than ad‑hoc projects; and (5) Systems – receiving a monthly reporting package that includes a rent roll, P&L variance notes, and a forward action plan. The video’s core message is that by systematically reviewing these five areas, owners can quickly identify profit‑leakage opportunities without needing complex spreadsheets or external advisors.

Chapters

Today I am going to walk you through the exact audit I run on every building I review. It takes about 20 minutes. You do not need a spreadsheet. You do not need an advisor. You need a checklist and an honest look at 5 areas. Area 1, revenue capture. Are all fees and reimbursements being billed every month without exception? Are lease renewals being initiated 90 to 120 days before expiration? Is your delinquency policy being followed consistently? Area 2: Utilities. Pull the last 12 months of water and sewer bills. Is there a spike that started and never reversed? If your bill went up more than 15% over 3 consecutive months, investigate before anything else. Area 3: Vendors. When were your top 5 vendor contracts last competitively rebid? Do any of those contracts have auto-renewal clauses or recurring add-on charges you have not reviewed? Area 4, turns and maintenance. What is your average turn time from move-out to move-in ready? Do you have a written standardized make-ready scope, or does every vacancy become a custom project? Area 5, systems. Do you receive a monthly package that includes a rent roll, a P&L variance notes, and a forward action plan? If not, you are managing blind.