{"id":561,"date":"2018-06-07T13:08:19","date_gmt":"2018-06-07T13:08:19","guid":{"rendered":"http:\/\/auditpark.ca\/?page_id=561"},"modified":"2018-06-22T04:27:57","modified_gmt":"2018-06-22T04:27:57","slug":"results","status":"publish","type":"page","link":"https:\/\/auditpark.ca\/results\/","title":{"rendered":"Results"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1529379310184{padding-top: 100px !important;padding-bottom: 100px !important;background: #ffffff url(http:\/\/auditpark.ca\/wp-content\/uploads\/2018\/06\/header01.jpg?id=595) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][vc_column_text]<\/p>\n

RESULTS<\/h1>\n

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What truly separates AuditPark from any other parking consulting firm in North America is our passion and commitment to achieving positive results for our clients. Whether it\u2019s maximizing the NOI of a Commercial Real Estate Asset through a Revenue Audit or RFP tender process, AuditPark\u2019s consulting services are founded on keeping the client\u2019s best interests at heart. Our business relationships are built on trust, transparency and completely independent analysis. AuditPark is dedicated to improving your parking operations while implementing innovative revenue growth strategies and industry leading best practices for the future. Contact us today and experience the AuditPark difference!<\/h4>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1528787907090{padding-top: 50px !important;padding-bottom: 50px !important;}”][vc_column][vc_column_text]PARKING FACILITY REVENUE AUDIT \u2013 JUNE 2017 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY: UNDERGROUND – GATED – 1105 STALLS <\/span><\/strong><\/p>\n

TYPE OF AGREEMENT: LEASE<\/span><\/strong><\/p>\n

2016 REVENUE (NET): $2,128,775.76<\/span><\/strong>[\/vc_column_text][vc_empty_space height=”20px”][vc_separator type=”normal”][vc_empty_space height=”20px”][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
AUDITPARK AUDIT RESULTS<\/strong><\/span><\/td>\nEST. LOSS OF REVENUE (NET) 2016<\/strong><\/span><\/td>\n<\/tr>\n
$0.00 PARKING TRANSACTIONS<\/strong><\/td>\n$57,154.87<\/strong><\/td>\n<\/tr>\n
UNREADABLE TICKETS<\/strong><\/td>\n$4,172.57<\/strong><\/td>\n<\/tr>\n
MONTHLY PARKING<\/strong><\/td>\n$164,057.52<\/strong><\/td>\n<\/tr>\n
LEASE DISCREPANCIES (45@$200.00) <\/strong><\/td>\n$95,575.22<\/strong><\/td>\n<\/tr>\n
UNDOCUMENTED VALIDATION USE\u00a0\u00a0\u00a0 <\/strong><\/td>\n$48,296.46<\/strong><\/td>\n<\/tr>\n
PAYMENT MACHINE 1 (FLOAT)\u00a0 <\/strong><\/td>\n$1,092.92<\/strong><\/td>\n<\/tr>\n
PAYMENT MACHINE 2 (FLOAT)\u00a0 <\/strong><\/td>\n$433.63<\/strong><\/td>\n<\/tr>\n
PETTY CASH <\/strong><\/td>\n$25.00<\/strong><\/td>\n<\/tr>\n
INFLATED REVENUE SHARE (PARKING OPERATOR)<\/strong><\/td>\n$142,348.67<\/strong><\/td>\n<\/tr>\n
SUB-TOTAL\u00a0 <\/strong><\/td>\n$513,156.86<\/strong><\/span><\/td>\n<\/tr>\n
EST. LOSS OF REVENUE SHARE TO OWNER (80%)<\/strong><\/span><\/td>\n$410,525.49<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1528788662168{padding-top: 50px !important;padding-bottom: 50px !important;background-color: #ffffff !important;}”][vc_column][vc_column_text]PARKING FACILITY REVENUE AUDIT \u2013 AUGUST 2017 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY SIZE: UNDERGROUND – GATED – 814 STALLS<\/span><\/strong><\/p>\n

TYPE OF AGREEMENT: MANAGEMENT<\/span><\/strong><\/p>\n

2016 REVENUE (NET): $1,962,883.49<\/span><\/strong>[\/vc_column_text][vc_empty_space height=”20px”][vc_separator type=”normal”][vc_empty_space height=”20px”][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
AUDITPARK AUDIT RESULTS<\/strong><\/span><\/td>\nEST. LOSS OF REVENUE (NET) 2016<\/strong><\/span><\/td>\n<\/tr>\n
$0.00 PARKING TRANSACTIONS <\/strong><\/td>\n$24,889.38<\/strong><\/td>\n<\/tr>\n
UNREADABLE TICKETS<\/strong><\/td>\n$1,910.18<\/strong><\/td>\n<\/tr>\n
MONTHLY PARKING<\/strong><\/td>\n$99,575.22<\/strong><\/td>\n<\/tr>\n
LEASE DISCREPANCIES (21@$180.00)<\/strong><\/td>\n$40,141.59<\/strong><\/td>\n<\/tr>\n
UNDOCUMENTED VALIDATION USE<\/strong><\/td>\n$24,473.45<\/strong><\/td>\n<\/tr>\n
PAYMENT MACHINE (FLOAT)<\/strong><\/td>\n$765.57<\/strong><\/td>\n<\/tr>\n
INFLATED OPERATING EXPENSES<\/strong><\/td>\n$66,004.84<\/strong><\/td>\n<\/tr>\n
EST. LOSS OF REVENUE TO OWNER<\/strong><\/span><\/td>\n$257,760.23<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Since meeting Ross early in 2017 with AuditPark, I have been thoroughly impressed with the depth of knowledge provided to all elements of parking operations. Ross provides expertise, focus and a skill set that I have never before encountered in the parking management space. From an institutional real estate ownership perspective, AuditPark is bringing the entire parking industry forward. The underlying areas of focus from Ross including process, systems, software, reporting, budgeting, record keeping and an ability to easily audit are all welcome advancements. Having a neutral \u201cfor-hire\u201d parking expert with independence, complete transparency and personal accountability is tremendously valuable for someone like myself, for both acquisitions and ongoing asset management. Whether analyzing revenues or focusing on expenses, AuditPark has been instrumental in driving bottom-line results that are tangible and meaningful. For any significant parking operation, I would strongly recommend Ross and AuditPark for revenue projections, competitive analysis vs. other garages, marketing strategy, expense reductions and operating cost structure, parking audits and also for a well programmed parking RFP process. I would be happy to discuss Ross\u2019 skill set and expertise at any time. <\/p>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t

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- Mike Cornelissen Senior Vice President, Acquisitions at LaSalle Investment Management Toronto, Canada Area <\/p>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div>[\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1528787907090{padding-top: 50px !important;padding-bottom: 50px !important;}”][vc_column][vc_column_text]PARKING FACILITY REVENUE AUDIT \u2013 MAY 2017 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY SIZE: SURFACE – PAY BY LICENSE – 58 STALLS<\/span><\/strong><\/p>\n

TYPE OF AGREEMENT: MANAGEMENT<\/span><\/strong><\/p>\n

2016 REVENUE (NET): $313,826.79<\/span><\/strong>[\/vc_column_text][vc_empty_space height=”20px”][vc_separator type=”normal”][vc_empty_space height=”20px”][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n
AUDITPARK AUDIT RESULTS<\/strong><\/span><\/td>\nEST. LOSS OF REVENUE (NET) MAY<\/strong><\/span><\/td>\nEST. LOSS OF REVENUE (NET)<\/strong><\/span><\/td>\n<\/tr>\n
ANNUAL<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
UNPAID VEHICLES<\/strong><\/td>\n$9,681.42<\/strong><\/td>\n$116,176.99<\/strong><\/td>\n<\/tr>\n
UNSUPPORTED ENFORCEMENT EXPENSE<\/strong><\/td>\n$2,212.39 <\/strong><\/td>\n$26,548.68<\/strong><\/td>\n<\/tr>\n
INFLATED OPERATING EXPENSES<\/strong><\/td>\n$1,452.98<\/strong><\/td>\n$17,435.76<\/strong><\/td>\n<\/tr>\n
EST. LOSS OF REVENUE TO OWNER<\/strong><\/span><\/td>\n<\/td>\n$160,161.43<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1528788997672{padding-top: 50px !important;padding-bottom: 50px !important;background-color: #ffffff !important;}” z_index=””][vc_column][vc_column_text]PARKING FACILITY RFP \u2013 MARCH 2018 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY SIZE: UNDERGROUND – GATED – 900 STALLS<\/strong><\/p>\n

TYPE OF AGREEMENT: LEASE<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

AUDITPARK RFP RESULTS:\u00a0 EST. 171% INCREASE IN ANNUAL PARKING REVENUE (NET)<\/span><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

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PARKING FACILITY RFP \u2013 NOVEMBER 2017 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY SIZE: UNDERGROUND – GATED – 220 STALLS<\/strong><\/p>\n

TYPE OF AGREEMENT: LEASE<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

AUDITPARK RFP RESULTS:\u00a0 EST. 33% INCREASE IN ANNUAL PARKING REVENUE (NET)<\/span><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

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PARKING FACILITY RFP \u2013 SEPTEMBER 2017 – COMMERCIAL REAL ESTATE ASSET \u2013 TORONTO ON<\/strong><\/p>\n

FACILITY SIZE: UNDERGROUND – GATED – 900 STALLS<\/strong><\/p>\n

TYPE OF AGREEMENT: LEASE<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

AUDITPARK RFP RESULTS: EST. 26% INCREASE IN ANNUAL PARKING REVENUE (NET)<\/span><\/strong><\/p>\n

\u00a0<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” z_index=”” css=”.vc_custom_1529379310184{padding-top: 100px !important;padding-bottom: 100px !important;background: #ffffff url(http:\/\/auditpark.ca\/wp-content\/uploads\/2018\/06\/header01.jpg?id=595) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][vc_column_text] RESULTS [\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1527012836128{padding-top: 90px !important;padding-bottom: 90px !important;background-color: #ffffff !important;}” z_index=””][vc_column][vc_column_text] What truly separates AuditPark from…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"full_width.php","meta":[],"_links":{"self":[{"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/pages\/561"}],"collection":[{"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/comments?post=561"}],"version-history":[{"count":0,"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/pages\/561\/revisions"}],"wp:attachment":[{"href":"https:\/\/auditpark.ca\/wp-json\/wp\/v2\/media?parent=561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}