Tiffany MittalChief Executive Officer, Utility Ranger · CEO of Utility Ranger, in-house utility billing software

How to get free property management software!

4 Mar 2024 · 1 min

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In this segment of the video, the speaker explains that offering property management software for free creates multiple financial and operational advantages for multifamily property owners. By providing the software at no cost, owners can attract and retain tenants, encourage conservation of resources at the property level, and ultimately increase Net Operating Income (NOI). Because multifamily properties are valued by dividing NOI by the cap rate, each additional dollar of NOI is multiplied by the inverse of the cap rate, significantly raising the property's market value. The speaker emphasizes that the simplicity of a free offering translates into higher tenant acquisition, reduced usage costs, and a powerful multiplier effect on overall property valuation.

Chapters

So not only have I made my software free, you've made your property management software free because you're collecting all that back. But just every dollar on that NOI has that cap rate multiplier, shows the value of the property. Your NOI divided by your cap rate is how multifamily properties are valued. So every single dollar that you can get on there has a massive multiplier once it's divided by your cap rate. So We tried to make it very simple. It's free. So not only do you get client or your tenants, you know, reducing their use, right? You have conservation at the property level.