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Are You Investing in commercial real estate or looking to sell or buy? Do you know what your operating budget is?

Having a sound operating budget will help you successfully navigate your company’s yearly cash flow. A well-prepared operating budget consists of an executive summary with the detail to back up each line item in the budget.

Why is an operating budget important in commercial real estate business?

  • The benefit of an operating budget is the transparency it can provide into the financial performance of the property.
  • An operating budget ensures the property is adequately capitalized to pay the bills.
  • A commercial property operating budget will start with the rent roll and show how that translates into the monthly and annual revenue.
  • It will include expenses such as recurring expenses, capital expenses, interest payments, and potentially a provision for bad debt.
  • It helps manage current results and expectations.

Learn more in Rory’s Operating Budget whitepaper. Download it today!

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About Rory Williams

Rory is the President CEO of Realty Capital Advisors, one of the oldest full service commercial real estate firms in Orlando. Rory has over seventeen years of commercial real estate experience, focused on office, retail and industrial properties. He has been in a leadership role in several separate private real estate companies, the largest having a portfolio of 5MM square feet and operations in 8 states. His broad experience with acquisitions, underwriting and property operations help him deliver outstanding results. Through his leadership, he has been able to grow a real estate portfolio from $100MM in assets to $500MM in under seven years. Rory has re-energized Realty Capital Advisors with the implementation of a technology-based services platform transitioning the company to the forefront of innovation, allowing for higher levels of brokerage and property management results for his clients!

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