What is the main goal of proposing an operating budget?

The main goal of proposing an operating budget is to detail projected income and expenses for effective management. This budget serves as a financial blueprint for the property, allowing property managers and owners to plan for revenue generation and control costs. By outlining expected income from rent, fees, and other sources, as well as anticipated expenses such as maintenance, utilities, and management costs, the operating budget provides a comprehensive overview that aids in decision-making. It helps ensure that financial resources are allocated efficiently and can highlight areas in need of improvement or adjustment. This systematic approach ultimately supports the property's financial health and operational stability, facilitating better management practices.

While increasing market value, attracting buyers, and creating advertising strategies are important elements in property management and investment, they are not the primary focus of an operating budget. Instead, the operating budget is primarily aimed at enabling effective management through financial planning.