CASE STUDY: Commercial Multifamily
“Limestone found money we were leaving on the table and brought us significant new profit on our property.”
The Challenge
The property struggled to optimize revenue streams due to lapses in fee collection and a failure to capitalize on potential ancillary fees.
The Limestone Solution
We performed an exhaustive financial analysis, identifying and correcting deficiencies in fee collection. A rigorous system for prompt late fee retrieval was implemented, and through comprehensive scrutiny, previously overlooked ancillary fees were identified.
The Bottom Line
Increased Income: Limestone’s interventions yielded a 5% increase in property income by addressing fee collection inefficiencies and identifying latent revenue streams.
Enhanced Retention Rates: Proactive fee collection positively impacted tenant relationships, fostering increased satisfaction and consequently improving tenant retention rates.
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