Opening Day
Your plan becomes your operating budget. When the building opens, units, rents, the first-year budget, and the lease-up plan are ready without retyping. From then on, you can see how the property is doing against the plan you made.
- No retyping when the building opens
- Compare real results to the original plan
- Warranties and equipment on file from day one
- Lease-up plan ready the day doors open
Opening Day — housingmodel.com
Handoff checklist — 88 units
- ✓ Units, rents, and deposits transferred from the deal model
- ✓ Year-one operating budget created from the pro forma
- ✓ Lease-up plan ready for day one (92% target by day 60)
- ✓ Warranties and equipment manuals on file for every unit
Occupancy vs planPlanActual
Jun: plan 72%, actual 64%
Jul: plan 80%, actual 74%
Aug: plan 84%, actual 79%
Sep: plan 86%, actual 81%
Oct: plan 88%, actual 84%
Nov: plan 88%, actual 86%
Jun
Jul
Aug
Sep
Oct
Nov