News and Updates

Granite’s Approach to Property Management: Prioritizing the Owner’s NOI

Property management has always been a delicate dance between ensuring optimal operations and generating maximum returns. At Granite, we’ve adopted a fresh paradigm that challenges traditional models. Instead of passing the operational overhead and system costs to property owners, we shoulder these responsibilities, ensuring a heightened Net Operating Income (NOI) for our partners. Let’s dive deeper into this innovative approach.

1. Absorbing Property Site Overhead – An Owner-Centric Model

Traditionally, the operational costs of managing a property are borne by the property owner. Granite, however, has taken a different path. We believe in:

  • Aligned Incentives: Rather than burdening owners with the overhead of property site management, we integrate these costs into our operational model. This ensures that our incentives align perfectly with those of the property owner – both parties striving for maximum NOI.
  • Granite’s Responsibility: We take complete responsibility for the overhead, managing it efficiently, and optimizing costs where possible. This not only provides financial relief to the owner but also grants them peace of mind.

2. No System Expense Pass-Through – A Refreshing Break from Tradition

One of the common grievances property owners have is the additional costs associated with the systems needed for property management. Granite has made a pivotal shift:

  • Absorbing System Costs: We invest in cutting-edge systems to streamline property management. But instead of passing these costs to the owner, we incorporate them into our operational framework.
  • Maximizing NOI: By not burdening owners with system-related expenses, we’re able to deliver a cleaner, more impressive NOI, which has traditionally been trimmed down by these add-on costs.

3. A Commitment to Property Optimization

At the heart of our philosophy is an unwavering commitment to optimizing every property we manage:

  • Proactive Management: Instead of merely reacting to issues, we adopt a proactive approach, anticipating potential challenges, and formulating solutions in advance.
  • Taking Responsibility: We wholeheartedly believe that the responsibility of optimizing a property lies with us. Every decision we make, every strategy we adopt, is geared towards maximizing the property’s potential and NOI.

In Conclusion

At Granite, our approach to property management isn’t just about maintaining properties; it’s about forging partnerships with owners based on trust, transparency, and mutual benefits. By absorbing overheads and system costs and taking full responsibility for property optimization, we ensure that property owners reap the rewards of a maximized NOI. With Granite, property management isn’t a cost – it’s an investment in expertise, efficiency, and elevated returns.