Best Practices for Generating Shelter Revenues
Click on "related links" for any statement below to see the most relevant Resources.
| 1. | To ensure tenants are paying the correct rents and that this source of revenue is reliable, develop and apply an organized procedure for timely and accurate calculation of tenant rent contributions and market rents. Related Links >> |
| 2. | To demonstrate to tenants that they are being treated equally and to prevent losses due to unrecoverable rents, develop and apply an arrears policy that is fair, consistent, and effective. Related Links >> |
| 3. | To minimize loss of rental revenue due to vacancies, develop and apply a vacancy policy for timely and efficient inspection, preparation, and leasing of units. Related Links >> |
| 4. | To minimize vacancy losses and advertising costs, develop and apply a marketing plan for non-RGI units. Related Links >> |
| 5. | To generate additional revenues for the society and reduce dependency on government assistance, develop and apply a policy on charging rent for use of amenity space (meeting room, guest suite) and parking spaces by tenants and non-tenants. Related Links >> |
| 6. | To create a diverse revenue stream and reduce dependency on government subsidies, identify, evaluate, and implement suitable sundry building revenue options that will generate adequate additional income. Related Links >> |
