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Company News

Emergency Purchases: Multifamily Group Purchasing

by Michelle N. on 3/14/2013 12:26:44 PM

“How can I reduce the amount of money we spend on ‘emergency’ purchases?” A great question often asked by Multifamily Housing Professionals.  Buyers Access is here to help with practical ways to either mitigate, or greatly reduce these expenses.

Have a plan in place. This includes having a list of approved emergency vendors. Failure to do so can lead to inefficiencies such as higher costs for standard items, use of inferior substitute items, use of unauthorized vendors, trips off site, and overtime charges. One recent analysis performed for a Buyers Access client revealed an increase of over 20% charged by the use an unauthorized vendor. This increase included the extra time involved in an offsite purchase, and reconciling an invoice to an unauthorized vendor. How can this drag on NOI be avoided?

Be realistic about what can and should be reduced. True emergency spend will never go away 100%, but in many cases the term “emergency” is used only to help justify an unplanned purchase. Establish ground rules, as to what constitutes a true emergency. Consultants at Buyers Access have identified several ways to improve efficiency, increase service levels, and reduce the incidences of “False Alarms”.  Once the ground rules have been set, communicate the plan to your team, and designate a leader to go to with questions.

An ounce of prevention is worth a pound of cure. One practical way to reduce emergency expenses is to perform scheduled property inspections. These can detect potential emergencies waiting to happen.  Key vendors are invaluable in this process. Buyers Access members have the benefit of making one call to our Member Services team to schedule qualified inspections by HVAC, plumbing, and electrical contractors.

Practice makes perfect. Review emergency procedures on a consistent basis. Our Account Management Team, can assist with this review, and identify additional solutions to further reduce costs associated with emergencies. Ultimately, these steps not only improve your NOI, but your residents’ experience through more timely resolution to their requests.

Call for a free consultation to learn more about how Buyers Access, the Multifamily Group Purchasing experts, can help increase your NOI!

Check out our Facebook page and or visit our website www.buyersaccess.com

Buyers Access has been the apartment industry’s group purchasing expert since 1984!


Buyers Access • 1777 South Harrison Street, Suite 300 • Denver, Colorado 80210
Phone  800.445.9169 • Fax 303.991.5588 • www.buyersaccess.com




Company News

Get Floored with Multifamily Group Purchasing Experts

by Michelle N. on 3/14/2013 10:43:48 AM

If you own rental property or apartments, cost effective flooring is a necessity. With tenants moving in and out of units frequently, it tends to put a lot of wear and tear on the floors. Because of this, landlords or owners must change flooring to not only replace dingy old flooring but to remain updated and fresh to prospective tenants. So how do you choose what flooring is going to be the best for your property? With so many choices out there how does one even start to consider the right product, compare product, find the right price, and remain consistent throughout the property portfolio? Could the answer to all of these variables really be right at our fingertips? Well, yes. What would you think if you could reduce expenses, ensure product consistency, and streamline purchasing for all floorcovering needs across your portfolio of properties? You may be in a position where you can’t afford not to look into standardizing your flooring program. Buyers Access offers up a Smart Advantage Purchasing Program that can help you find the best method to reduce costs and develop a consistent floorcovering program. You will be floored when you look at the cost savings, the time savings, and the return on investment. The Buyers Access Account Management and Member Services teams can assist you in identifying obstacles and recommend solutions that bring uniformity, and cost reduction, to a new floorcovering program.

Call for a free consultation to learn more about how Buyers Access, the Multifamily Group Purchasing experts, can help increase your NOI!

Check out our Facebook page and or visit our website www.buyersaccess.com

Buyers Access has been the apartment industry’s group purchasing expert since 1984!

Buyers Access • 1777 South Harrison Street, Suite 300 • Denver, Colorado 80210
Phone  800.445.9169 • Fax 303.991.5588 • www.buyersaccess.com




Company News

Improve Your Indoor Air Quality: Multifamily Group Purchasing

by Michelle N. on 3/7/2013 9:46:42 AM


As Property Management professionals you understand the need to provide value to your residents in order to increase satisfaction and improve resident retention. More advancements in sustainable products are being made every day, and their role in the satisfaction of residents is expanding while also providing a means to significantly reduce the carbon footprint of your communities. For example, did you know you could improve indoor air quality and reduce carbon emissions by using a Low VOC (Volatile Organic Compounds) paints? Unlike traditional paints, Low VOC paints are manufactured without chemicals that add to lingering, and continuing odors, and by definition contain less than 250 grams of VOCs per liter. (Based on U.S. EPA standards for latex paints)

Is your paint truly Low VOC? Many manufacturers' paint tints can actually add VOCs back in to the low or No VOC paint you have purchased, leaving the paint harmful to resident's air quality. To make sure your paint program is meeting your Low VOC standards, and to learn about other environmental benefits please give us a call!

Call for a free consultation to learn more about how Buyers Access, the Multifamily Group Purchasing experts can help increase your NOI!

Buyers Access • 1777 South Harrison Street, Suite 300 • Denver, Colorado 80210
Phone  800.445.9169 • Fax 303.991.5588 • www.buyersaccess.com

 




Company News

Welcome to the Buyers Access Blog

by Michelle N. on 1/31/2013 6:57:15 AM

The Buyers Access Blog features multifamily group purchasing, supplier, and property management news and commentary.  We welcome your comments.


Buyers Access • 1777 South Harrison Street, Suite 300 • Denver, Colorado 80210
Phone  800.445.9169 • Fax 303.991.5588 • www.buyersaccess.com 




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