Maximize Renovation Performance, ROI & Payback
Apartment renovations can trigger dollars signs for Owners and Asset Managers—and terror in the hearts of Property and Project Managers. When done correctly, renovations can be very lucrative to IRR and asset value.
However, most renovation experts are still using manual spreadsheets to manage multi-million-dollar projects—making them vulnerable to erroneous data that can lead to inaccurate ROI analysis. What if there was a way to cost-effectively manage the entire process and satisfy all the stakeholders by keeping projects on time, on budget and optimized for bigger returns?
Industry expert Tracy Saffos and special guest will discuss:
- How to frontload your IRR with units and renovation types that bring the highest returns
- How other owners are reducing vacancy loss through better renovation planning
- How to eliminate manual spreadsheet errors with an easy-to-use tool that maintains data integrity
As an Industry Principal in the Asset Optimization group at RealPage, Tracy supports product marketing for Asset Optimization including Business Intelligence, Performance Analytics Benchmarking, Market Analytics, Underwriting Analytics and Renovation Manager. She joined RealPage in January 2014 as a Director in Consulting and Training followed by a role as Director in Customer Success, prior to joining Asset Optimization. Her experience includes Head of Asset Management and Operations for a small, private developer.
In addition, she was Vice President of Operations for a 50,000 unit Multifamily REIT based in Denver. Tracy managed a portfolio of 10,000 units in Los Angeles Metro, Inland Empire, Orange County and San Diego, CA as well as Phoenix, AZ. She was responsible for 34 communities and revenues of over $142 million annually. Awarded with “Distinguished Service Award” and “Career Achievement Award” by this REIT.
Tracy also served as Vice President of Multifamily Operations for a 40,000 unit Diversified REIT. She managed a portfolio of over 9,500 units in Florida, Georgia, Virginia and Alabama. Awarded the “Vice President of the Year” for exceptional financial and operational achievements.