Cristy Andrews Contributes to Multi-Housing News Article
Cristy Andrews, CPA, CGMA, of Warren Averett’s Montgomery accounting and advisory office, recently contributed to a Multi-Housing News article.
The leading resource for executives and companies that own, develop, manage and market multifamily real estate, Multi-Housing News (MHN) reports on news, trends and issues in markets across the nation.
Real estate experts weighed in to share their advice in MHN’s article, 6 Ways to Lower Resident Turnover Time, Costs.
To help properties minimize turnover time and costs, contributors suggested being proactive, having materials readily available, establishing close relationships with vendors, performing necessary repairs and upkeep in-house, keeping up with preventive maintenance, and paying close attention to numbers and key performance indicators.
Andrews emphasized that increases in repairs or decreases in rent can lower net operating income (NOI), which can impact overall value since real estate is valued by historical NOI. The experts agreed it is important for apartment owners to carefully manage expenses to keep potential changes to the property’s value as minimal as possible.
Cristy Andrews is a Member in the firm’s Tax Division and is the leader of the firm’s Real Estate Practice Group. She has proven experience in accounting, tax and business consulting services for small businesses in the real estate industry.
Her primary responsibilities include planning and managing client engagements and researching industry-specific audit and tax issues to provide clients with the right solutions for their needs.
Learn more about Cristy Andrews or Warren Averett’s Montgomery CPAs and advisors.