Financial Savings
LPG Residential excels at optimizing controllable expenses in multifamily property management. Through efficient budgeting, detailed operational oversight, and strategic vendor partnerships, LPGR reduces costs while maintaining high standards of living for residents. LPGR’s proactive maintenance and technology-driven operations maximize profitability and improve the resident experience.
LPGR has a proven formula for managing controllable expenses, in some cases yielding savings of more than 20%.
LPG Residental
Straightforward Fees
LPGR’s simple fee structure results in transparent administrative burden.
Economies of Scale
LPGR’s heavy presence in the Northern Utah market allows it to achieve efficiencies on payroll, maintenance, and other property costs.
Tech & Strategic Partnerships
LPGR leverages the best industry technology, including Entrata property management software. Strategic partnerships with Entrata and various regional vendors have helped LPGR achieve substantial administrative expense savings.
Case Study | City Garden, Dixon Place, Parkway Lofts
City Garden, LPGR took over management of the 61 unit Class A apartment community in Ogden, UT in June of 2023. LPGR’s admin and payroll efficiencies resulted in significant savings almost immediately. Admin expenses decreased by 36% from the first half of 2023 to the first half of 2024, and payroll expenses decreased by 21% during the same period. Overall controllable expenses decreased by 18% year-over-year.
Dixon Place, LPGR took over management of the 59 unit Class A+ mid-rise community in Salt Lake’s most desirable Sugar House neighborhood in June of 2023. Admin expenses decreased by 57% from the first half of 2023 to the first half of 2024, and payroll expenses decreased by 24% during the same period. Controllable expenses decreased by 20% year-over-year.
Parkway Lofts, The 332 unit Class A. garden-style asset transitioned to LPGR in December of 2023. Controllable expenses decreased by more than 10% year-over-year from the first half of 2023 to the first half of 2024.
PROOF IN THE NUMBERS: CONTROLLABLE EXPENSES
City Garden
$3,643 / UNIT
First Half of 2023 Annualized
LPGR
Takeover
$3,447 / UNIT
$2,982 / UNIT
Second Half of 2023 Annualized
First Half of 2024 Annualized
Dixon Place
$4,103 / UNIT
First Half of 2023 Annualized
LPGR
Takeover
$3,520 / UNIT
$3,291 / UNIT
Second Half of 2023 Annualized
First Half of 2024 Annualized
Dixon Place
$3,006 / UNIT
First Half of 2023 Annualized
LPGR Takeover
$2,691 / UNIT
First Half of 2024 Annualized
