06/04/2026
6 am PT / 7 am MT / 8 am CT / 9 am ET
*approximate length: 4 hours
Please note: Webinar begins at 8:00 am CT and is a 4 hour event.
Presenter: Salvatore Dragone, CPM®, CCIM
Building a property management budget is only the starting point. The real challenge is managing that budget throughout the year. Forecasting accurately, analyzing variances, adjusting projections, and closing the year with confidence.
In this 4-hour session, you’ll learn how to build and execute an operating budget for multifamily and commercial properties. We’ll walk you through the full financial lifecycle. From initial forecasting and budget development to variance analysis, reforecasting, and year-end reconciliation. You’ll leave with a practical framework for managing financial performance, not just creating a spreadsheet.
Questions this webinar helps you answer:
- How to forecast revenue and expenses using historical data and market inputs
- How operating budgets are developed and approved
- How to analyze budget-to-actual performance and determine which variances require action
- How to explain financial performance clearly to owners and asset managers
- When and how to reforecast projections during the fiscal year
- What is required to complete accurate year-end reconciliations
Why This Matters
- Property managers who understand variance analysis and reforecasting are better equipped to:
- Identify issues early
- Defend financial results
- Adjust to market changes
- Close the year without surprises
Who should attend / This program is designed for:
- Property managers responsible for operating performance
- Asset managers overseeing financial results
- Real estate professionals who want stronger budgeting and financial execution skills
- Relevant for both multifamily and commercial portfolios.
FAQ
- What is a property management budget?
- A property management budget is a financial plan that forecasts income and expenses for a property over a set period and guides operational decisions throughout the fiscal year.
- What is variance analysis?
- Variance analysis compares actual financial results to the budget to identify differences and determine whether corrective action is needed.
- When should you reforecast a property budget?
- Reforecasting is appropriate when occupancy changes, unexpected expenses arise, or market conditions materially affect projected performance.
Salvatore Dragone, CPM®, CCIM, is Principal and Director of Property Management for Rubenstein Partners, L.P. Salvatore oversees and manages property management efforts for all assets owned by Rubenstein Properties Fund and its affiliates. In addition, he is an Adjunct Instructor at Drexel University.