Magical Math: Calculating YOUR Financial Impact

Summary:

Property management is an investment exercise. By performing our management tasks with this in mind, we can enhance the quality of the lives of our residents, serve our owners, investors, company and teammates.

Understanding performance metrics and calculations is key to accomplishing this. Gaining an understanding of common terms, statements, and calculations will help attendees communicate better, understand and realize goals, and calculate your financial impact on the asset’s NOI and value.

Takeaways:

Occupancy Related Terms & Calculations

• Understand key occupancy terms used in property management
• Learn to differentiate and calculate both Physical Occupancy and Economic Occupancy

Financial Terms, Calculations & Statements

• Gain familiarity with essential financial terminology
• Understanding the structure and purpose of Operating Statements and Cash Flow Statements

Investment Terms & Calculations

• Understand the math that impacts property management decisions  
• Understand and calculate the interplay between Cap Rates, NOI, & property values - to reveal the impact of every dollar added to or subtracted from NOI.
• Prepare for budgeting by learning ROI & Payback period calculations

INSTRUCTOR: Victoria Cowart, CPM, NAAEI Faculty
Senior Director of Education & Enterprise Sales - PetScreening

Victoria Cowart, CPM, NAAEI Faculty, is the senior director of education and enterprise sales for PetScreening. Previously, she was a direct property management industry member with extensive experience providing management and oversight for a mix of portfolios, including apartment communities, manufactured housing communities, and HOAs.

Cowart helped launch the Charleston Apartment Association, served as its president, and then became the president of the South Carolina Apartment Association and an NAA regional vice president. She has chaired four NAA committees, most recently the 2021 Legislative Committee.

Cowart was recently inducted into the South Carolina Apartment Association Hall of Fame. She is a passionate advocate for industry education, pets, and assistance animals. Cowart has a degree in the management of human resources and has been certified as an Adult Mental Health First Aid Instructor by the National Council for Mental Wellbeing.