Many costs can conceal hidden revenue opportunities. Our experts have worked on all sides of the industry and with most every solution out there. We have the insight and perspective to help your company achieve even better results and financial outcomes without having to take away from your valuable time.
Consolidation of vendors and defining purchasing efficiencies can be a bear. We work with these programs on a regular basis and can do most of the legwork on our time, allowing you to keep running your business. We’ll preforma review and deliver you an easy to understand and act on report to bring more savings and efficiency to your company.
Contracts could have been executed under previous methodology and hold significant savings in review. Review is also a great time to remove terms that can cause issues down the road.
Utility, insurance and other program reviews can disclose revenue that a company may have thought was being captured, although was not. Many programs in multifamily are capable of greater financial efficiencies although the time to review such programs is simply not available in the busy day-to-day effort to manage ongoing business needs.
Accounting practices are another area where money can be missed or made. Thousands of bills come through your business every year, maybe every month, and many of those hold errors or mischarges that cost your company money. An expert review has been shown to produce $1.50 per bill reviewed on average. Multiply that dollar amount times your thousands of bills and you get the picture.
Keeping track of taxes in the busy due diligence and operational cycles of asset management can be tough. Many times an asset can be paying taxes it should not. In these cases we can point them out, remove the need to keep paying them and in many cases recoup your spent funds historically to create an even larger revenue windfall.
Vendors are some of the best and some of the hardest parts of business to work with. Many times a new solution is required although the choice may be hard to make or to take. We’ve been on all sides of the industry and work with over 50 property management companies and their vendors currently. Let us suggest a potential best fit and provide you the objective reasons why a certain vendor may warrant additional consideration. One the other hand, maybe the vendor is not the issue. Maybe the program is simply in need of a tune-up and the hassle of change, time and money spent can be avoided completely while still providing a more financially appealing program for your company.
AncillaryAnalytics has professionals with extensive experience in all aspects and perspectives of multifamily to provide unique insight into your contract savings potentials. Our understanding of costs, markets, value, system use, vendors and discounts allows us to easily reduce existing costs while garnering better contractual terms for your financial and operational betterment.
Not sure if one or more of your contracts is displaying the best terms or cost outcomes? Let us take a look and let you know if there are solutions to remove unwanted terms and decrease costs.Contract consolidation is another option in cases. We work with our partners to review multiple contracts and provide an integrated solution on our time, allowing you to continue running your business without distraction.
Many companies really don’t know what is being missed in the review and payment of utility bills. While 95% or more of bills are accurate, another percentage is hiding dollars that have been miscalculated or mischarged. Thousands of bills go through a multifamily company every year, sometimes every month. We know through experience that for every bill we review we find an average of $1.50. Multiply this number times your thousands of bills and you can see where a review with us can be financially beneficial.
Let a bill in the mail be a good thing and get paid with our review services.
Not sure if some assets in your portfolio are paying the correct taxes? Many may not be. Some could be being charged taxes that are not appropriate for their type and location. We review your assets to find taxes you should not have been paying, put an end to the payment of those taxes and in many cases can recoup taxes historically. This all adds up to a worthwhile review by an expert partner.
Tax time is a great time when you partner with us.
Utility rates are changing all the time. Many utilities have many rate structures. Let the experts in this area review the rates each of your sites are paying and find savings by switching to a potentially more cost effective rate.
Rate changes are a good thing when our partners allow us to review the potentials.
Energy Purchase Contracting
Many states in the U.S. allow for deregulation of energy pricing. This means that your portfolio may be in an area where utilities are competing for your energy use. Let us show you the path to less expensive energy through new energy contracts that really pay.
We review the potentials and reduce cost at the source.
Looking for net new revenue at your HUD sites? Utility allowance modification allows for the creation of $35 per unit per month, on average, in net new revenue through our HUD approved utility allowance methodology.