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How to Better Manage Your Community's Utilities

Homes and apartments - Milbrook Properties - FL and NY

Property management can be tricky, and managing the community's utilities is one of the hardest tasks. To maintain your portfolio, it is essential to improve net operating income across residential real estate properties.

Net operating income or NOI can be improved in several ways, one of them being to keep a check on current utilities, which is the third-largest operating expense incurred. However, in most cases, utilities are charged differently and are not frequently regulated.

In this article, we have discussed several ways to manage your community's utilities in a better way and to make sure you have everything under control.