Improve Net Operating Income (NOI) and Increase Asset Value with Strategic Partnerships and Cutting-Edge Technology

Wrye Rose helps clients enhance their net operating income (NOI) and increase asset value by leveraging existing relationships and integrating new technologies. Our approach focuses on:

• Generating additional net income from current partnerships
• Boosting asset value and income potential without large capital outlays
• Implementing artificial intelligence to reduce time and overhead costs
• Introducing niche solutions to improve income and decrease expenses

Let’s consider an example based on a compilation of Wrye Rose’s clients.

ROI Real Estate owns 10 residential properties in Seattle, WA, and engaged Wrye Rose to improve their portfolio. The average property is 12 years old, with 120 units, and has seen minimal technological upgrades in the past decade. Wrye Rose facilitated the following partnerships:

CCNG:

CCNG renewed the “Right of Entry” agreements with two existing telecom/cable providers in each building. For this hypothetical, let’s assume AT&T and Spectrum Cable (neither of which operate in Seattle). After reviewing the properties, CCNG recommended that 8 of the buildings become clients of Ubiquity to rewire units with fiber-to-the-unit technology and bring in an additional provider. ROI Real Estate received approximately $200 per door in one-time fees, totaling $240,000, along with a monthly revenue share averaging $6,000—income that was previously untapped.

• Net cost to the building owner: $0
• Net gain to the building owner: $240,000 in one-time fees and $6,000 in recurring monthly revenue

Ubiquity:

Ubiquity, recommended by Wrye Rose and CCNG, installed fiber-to-the-unit outlets for each unit at no cost to ROI Real Estate. This upgrade immediately increased the asset value and gave older buildings a competitive edge by offering tenants access to the best internet services on the market.

• Net cost to the building owner: $0
• Net gain to the building owner: Increased asset value and improved tenant satisfaction

Alosanar:

Alosanar helped each property comply with the latest City of Seattle and State of Washington energy regulations. This included reporting to avoid penalties and actionable plans to reduce energy usage by 15% to 40%. ROI Real Estate benefited from reduced operating expenses and demonstrated corporate responsibility. Compliance was achieved immediately, with further improvements scheduled over the next five years for budget management.

• Net cost to the building owner: Variable, depending on building needs
• Net gain to the building owner: Reduced utility overhead and avoidance of non-compliance penalties

Steepmeadows Solutions:

Steepmeadows, specialists in Microsoft Co-Pilot, were introduced by Wrye Rose to streamline operations using AI integrated with Microsoft Office. This reduced the time spent on tasks like email responses and scheduling by 80%. 

1. C-suite executives had their tasks prioritized, ensuring urgent matters were addressed immediately. Requests from external partners, such as law firms and maintenance teams, were efficiently managed.
2. Onsite managers benefitted from automated responses to tenant inquiries, resulting in faster and more effective communication. Tenants received better service, reducing their desire to move, while package deliveries were automatically communicated, freeing up management resources. Overall, both staff and tenant turnover dropped by 20%.
3. Building maintenance managers now have access to a centralized system in Microsoft 365, tracking every building system’s lifecycle and automating work orders and scheduling. This improved tenant satisfaction and quality control.

• Net cost to the building owner: Variable, depending on building needs
• Net gain to the building owner: Reduced labor costs, increased employee and tenant retention, and associated financial benefits

Summary:

Not every client needs all services at the same time. However, Wrye Rose works with each client to identify the most appropriate solutions for their specific needs, helping them maximize income, minimize expenses, and increase asset value.