By Roy Barker
As we move into the second half of 2014, are you happy with your community’s financial results? Are community’s occupancy levels good but you’re still dealing with lower Net Operating Income (NOI), cash flow, and margins?
There’s still time to make changes by the end of the year that can create a positive impact, and Moore Diversified Services, Inc. (MDS) is ready to help. We’re halfway through the year, but there’s still time to have a positive impact on your bottom line.
You might be surprised at how making small changes can result in increased NOI. For example, if an average 80 unit community at 93% occupancy could save just $1 per resident day (PRD), that would equate to $27,000 per year. Even at this point, that could mean an additional $10,000 to $15,000 of NOI in calendar year 2014, and that’s just on $1 PRD of savings! What a great outcome by the end of the year.
Continue reading “Are You Happy With Your First Half 2014 Financial Results?”