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Even if you don’t create your center’s budget yourself—you still need to know exactly what to look for.In this episode, I walk you through how I personally review the annual budgets for my shopping centers—despite not preparing them myself. Whether it's spotting weird dips in base rent, double-counting taxes and insurance, or bad timing on capital projects, I’m sharing the real checklist I use to catch costly mistakes before they impact NOI.This episode is perfect for shopping center owners, asset managers, or anyone handing budget prep to a CPA or property manager. Don’t miss my tips for tracking leasing fees, mortgage escrows, and cash flow month by month—and why I never schedule capital work during rainy season in Florida.🔑 Key Takeaways- Always review income line by line across all months- Check for base rent or recovery dips that don’t make sense- Compare op-ex items across properties by square foot- Watch out for double-counting taxes and insurance- Make sure capital expenses are scheduled during dry months- Avoid paving or painting during key retail seasons- Review CAM, insurance, and RE tax breakdowns per tenant- Flag lease renewals and verify the correct rent bumps- Don’t skip budgeting - even if you’ve never done one before
By Beth Azor4.9
3131 ratings
Even if you don’t create your center’s budget yourself—you still need to know exactly what to look for.In this episode, I walk you through how I personally review the annual budgets for my shopping centers—despite not preparing them myself. Whether it's spotting weird dips in base rent, double-counting taxes and insurance, or bad timing on capital projects, I’m sharing the real checklist I use to catch costly mistakes before they impact NOI.This episode is perfect for shopping center owners, asset managers, or anyone handing budget prep to a CPA or property manager. Don’t miss my tips for tracking leasing fees, mortgage escrows, and cash flow month by month—and why I never schedule capital work during rainy season in Florida.🔑 Key Takeaways- Always review income line by line across all months- Check for base rent or recovery dips that don’t make sense- Compare op-ex items across properties by square foot- Watch out for double-counting taxes and insurance- Make sure capital expenses are scheduled during dry months- Avoid paving or painting during key retail seasons- Review CAM, insurance, and RE tax breakdowns per tenant- Flag lease renewals and verify the correct rent bumps- Don’t skip budgeting - even if you’ve never done one before

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