Cost reduction and Net Operating Income (NOI) optimization
Have a close eye on the costs and full control over the OPEX, spot variances easily. Cost control focuses on maximizing effectiveness and minimizing expense. Owners can control the costs of a portfolio or an asset by carefully planning a suitable budget, monitoring activities and finding solutions to any shortfalls or miscalculations that jeopardize the success.
However, in the cost management and cost control, the goal should not be to minimize the cost of every activity during the real estate life cycle, but to consider the contribution of every cost to the overall value, and as a result, to maximize the efficiency of the portfolio or individual asset.