Turning your multifamily expenses into revenue

Welcome, ladies, to the Real Estate InvestHER Show! In this episode, we are being blessed with strategies for reducing expenses in multifamily with the great Tiffany Mittal. Tiffany became a successful businesswoman early on. She owned a beauty spa at 22 and started an import business at 25. After the 2008 recession, she shifted to real estate technology, excelling in the industry for 13+ years. Tiffany led growth in startups, launched her own company, and secured a deal with 10X Incubator. She holds a Masters in Global Leadership and completed programs at Harvard Business School.   In this episode, we will be discussing strategies for reducing utility costs and increasing property valuation when refinancing. Tiffany explains why it's important to charge tenants for utilities in order to encourage conservation and modify their behavior, as well as how the use of a RUBS Calculator can help small investors get access to the same resources that big guys have been doing for years. She also shares how they created Utility Ranger; a software that helps investors manage their utility billing.   Quotes “Be sure to trust your instincts. So many times, I didn't listen to that gut feeling and things didn't turn out the way I wanted. But when I finally did, the success I had from just putting faith in myself was enormous.” (02:10 – 02:38) “Always check lease language. Many leases simply state 'utilities included,' but there are areas where services have skyrocketed. Unbundling services can help to adapt to price-conscious customers.” (12:40 – 14:19)   Connect with Tiffany: Website: Utility Ranger LinkedIn: Tiffany Mittal Instagram: @tiffanymittal   Resources Mentioned: ·      The 10X Rule by Grant Cardone   How To Join the InvestHER Movement  1) InvestHER CON 2024 Austin, TX Omni Barton Creek Resort June 3-4 - "ALL IN – It’s Time to Thrive” Here is what you can expect at InvestHER CON 2024: Pre-event network, 2 full days of transformational experiences, access to over 20 Sessions with Keynotes and Speakers, recordings from all sessions, access to investors, mentors, and influencers, mindful networking, opportunities to connect with our sponsors + vendors, coffee and lunch included, Final Reception: Red Party, Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa, Exclusive Breakfast for STRIVE members only. "InvestHer CON was truly a transformative experience. I have felt so alone for so long and now I feel like I have a community of support. I don’t have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at." - Heather Giammichele Join us in. Get your ticket today https://www.therealestateinvesther.com/investhercon 2)  InvestHER Community on Facebook : a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    3)STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level.  APPLY today at https://www.therealestateinvesther.com/membership 4) InvestHER Meetups Around the Globe : attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you: https://www.therealestateinvesther.com/investhercon    5)The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here: https://podcasts.apple.com/us/podcast/the-real-estate-investher-show/id1346815972   6)InvestHER™ ORG with eXp : all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Schedule a discovery call: https://www.therealestateinvesther.com/investherorg