What You Can Gain From an Income/Expense Analysis Program

McPherson: “Having this information at their fingertips will aid users in making informed management decisions, which in turn will hopefully increase profitability and efficiency on their investment.”

CHICAGO— IREM‘s Income/Expense Analysis program allows owners and property managers to have data at their fingertips that can serve as a benchmark against which to compare their own operating experience, organization executives Vera McPherson and Nick Harris tell GlobeSt.com. The program provides trend income-and-expense data on condos, co-ops, conventional and federally assisted apartments, office buildings, shopping centers and a host of other categories. We spoke with McPherson, managing director of WHH Trice & Co. in Norfolk, VA, and vice chair of IREM’s income/expense analysis advisory board, and Harris, VP of operations for Realty Performance Group in Rochester, NY, and chair of IREM’s income/expense committee, about the value of such programs and how owners and managers can use this information to improve ROI for their properties.

GlobeSt.com: What is the value in income/expense analysis studies for owners and property managers?