expenses and getting lending from a predicted number that won’t stay the same.
HOW TO IMPROVE YOUR NOI
This may be more relevant down the line, especially if you want to refinance. There are two ways to do this that don’t involve your company making more money (that is obvious).
Raise Rental Rates for Your Tenants
If it works with the current market value, it is fair. If your tenants are friends or business partners, you do not owe them any favors on the price. They will understand it is for your business.
Reduce Operating Expenses
Work to cut down on utility costs throughout the year. It may not seem like a huge deal at the time, but it can add up to make a big difference. You can get rid of your maintenance or janitorial company, or look for a cheaper alternative.
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