Budget Like a Pro!

This course provides practical training in building, managing, and maintaining effective operating budgets for apartment communities. Designed for community managers, assistant managers, and rising leaders, the class focuses on confident, real-world budgeting strategies that support financial health and operational success.

After a review of key budget terms, timelines, and required documentation, we will cover:

• Understanding revenue streams, expense categories, and NOI impact

• Accurately forecasting occupancy, rent growth, concessions, and bad debt

• Identifying controllable vs. non-controllable expenses

• Building vendor quotes, service contracts, and preventative maintenance into your budget

• Tracking variances and communicating monthly financial performance

• Pro tips for staying organized, planning ahead, and avoiding common budgeting pitfalls