Why Most Apartment Owners Lose Money at Refinance and Selling (And How to Fix It)
In this short educational video, Shafiq Hirani, MBA, CCIM of RE/MAX Commercial warns owners of 5‑50 unit apartment buildings that most financial losses during refinancing or selling occur before the appraisal, not because of higher interest rates. He explains that rising operating expenses and stagnant rents create hidden Net Operating Income (NOI) leaks that can cost owners hundreds of thousands when they refinance or sell. The channel’s mission is to educate owners each Tuesday on where NOI leaks happen, how modern lenders underwrite loans, and the precise actions they can take to protect and even increase property value before a transaction. Hirani shares a recent example where he uncovered $48,000 of hidden NOI for a 12‑unit owner in Washington, D.C., illustrating the potential impact. He invites viewers to subscribe and offers a free 15‑minute NOI diagnostic for those facing an upcoming refinance or sale.
