Understanding Your Property Financials with Mindy McCorkle

Understanding Your Property Financials

It’s not enough that we pull a report and read a figure from that report. We need to know HOW that figure became, well…that figure! How was it calculated? What goes into the numbers? What happens if the system goes down? How will you calculate the important numbers? Wouldn’t it be helpful to know how and why financial decisions are made? Having a better understanding of how the financial side of your property works will not only help you feel more confident in your work, but it will open up opportunities for you.

Key Takeaways:

How and why the financial status of the property is important to every site associate.

How to analyze financial statements for actionable.

How to understand the concepts, calculations, use and impact of closing ratios, leased percentage, renewal percentage, resident turnover rate, property value and so much more.

ATTENDEES: If possible, bring a copy of your property’s most recent month-end statement (P&L, op statement, or budget comparison report). You’ll be able to use it to practice some of the calculations we review in this session!  If you aren’t able to bring it, don’t worry.

We’ll have a sample for you to use.

This class is worth 4 CECs.