25 Ways To

Increase Your

Bottom Line

By Bryan Fullen

In office and industrial buildings one can replace the current lighting with T-5 fluorescent lighting. This one trick alone often pays for itself in a year or two.

Many cities offer further utility discounts on your bill. This way, bulbs are replaced less frequently.

Lower Utilities

1

Installing T-8 lights and electronic ballast in warehouses that operate continuously can

pay for itself in just a few months.

2

Installing Solar Tube Skylights in common areas Can

see a reduction in energy cost by up to 25 percent

3

Changing out exterior lights to motion sensor

lights can lower your energy consumption

drastically

4

Optimize the HVAC controls to match the occupancy times of your building. Turn the temperature way down or up in the vacant space.

5

Start a recycle program in your office for plastic and paper and reduce

your waste hauling needs. Recycling

companies often give receptacles to place at buildings and will pick them up regularly for

free.

6

Lower Property Taxes

Challenge your properties tax evaluation. There are companies that do this for a percentage of the savings. If you are a small company, go to the

assessor’s office.

7

8Find out what

CAP rate is used and challenge if

it doesn’t make

sense

Especially in a falling market

Meet your assessor

and see how your buildings

are classified

If you have un-harvested land, it might benefit you to plant a crop on it and get the property an agricultural assessment. 9

Understand how land zoning is assessed

Lower

Maintenance and

Cleaning

Look at your contracts. If you have been using the same company for a while, get several different quotes for new companies and compare the benefits.

10

Renegotiate your agreement with all your existing vendors, contractors, management and employees. The current economic climate gives the edge in these relationships

11

Incorporate wording into janitorial contracts so you

don’t pay for the empty spots which are not getting cleaned.

There is no need to pay a janitor for a clean and vacant

unit.

12

Make sure you are

too high

the one telling the cleaning company the square

footage

Don’t let them quote you cause it will likely be

to be cleaned

13

Reduce costs on cleaning supplies by buying large containers of WD-40 and other multi purpose industrial cleaners.

Stop buying expensive single purpose cleaners. WD-40 Alone has over 2000+ uses.

14

Insurance values should match the risk associated

with the insured property. People will often over

insure their property because they not only insure

the building; they insure the entire property value.

This entire property value may include assets that

do not need to be insured such as the land. For

example, land doesn’t burn in a fire, which makes

insuring it for fire unnecessary (of course, crops do

so that’s a different story).

15

Cutting Insurance

Get annual quotes from a several different insurance companies and compare comparable coverage’s. Send them your current policy and see if they can beat it point for point.

16

Liability

Cut Your

Cost segregation allows you to accelerate your depreciation schedule and increase your cash flow.

Most companies can give you a possible estimate of savings to see if it makes sense to pay for this service

17

Cost segregation legislature has a “look back” provision which allows you to recalculate depreciation all the way back to 1987.

18

Increasing Revenue

Incorporate bill-back off hours into your leases. Set standard consumption days, times and amounts in your leases with your tenants. Also establish a bill-back rate they are responsible for if they have overages.

19

Look for additions that make sense. One company added a vending machine with drinks, sandwiches and snacks to their break room

This increased their revenue by a several thousand dollars per month. $3,000 a month over 12 months is $36,000 per year.

On a 10-cap that is an increased

resale value of $360,000.

20

Take care of the tenants you have. Tenant retention is the most cost effective way to increase your bottom line.

21

Lower your office expenses

Reduce consumption of paper( Go paperless )

22

If you market for tenants think of the 500+ free online sources to get your property filled.

23

24If you need visual

marketing get

two or three large

canvas or

vinyl banners

that can be used over and over

24

Elect for VoIP calling many VoIP systems can not only save you money but also do much more like:

• Call screening• Auto attendant• Music on hold• Voicemail to email

transcription• Find me/follow me call

routing• Door phone entry buzzer

integration

25

THANK YOU

Contact me to find out even more ways to increase your properties profit call or email me today.

206 321 3039 Bryanfullen@kw.com

Each office independently owned and operated