Comparison of Two Business Analytics Courses
To give you an idea of differently the term "Business Analytics" is used, I will describe two business school courses titled "Business Analytics" and also share my thoughts about which one might be right for the readers of this blog. You will see significantly...
The Pareto Principle in Property Management
The Pareto Principle is more commonly known as the 80/20 rule. Property management companies can apply this rule to focus their time and money on the things that matter. In this post I will illustrate the 80/20 rule in property management with data on maintenance...
What is Power BI?
Power BI is a data visualization product offered by Microsoft. It can be used for presenting financial and other key metrics of your properties to your investors, executives and property managers. I have built Power BI dashboards for property management clients with...
Consolidated Financial Reporting With Excel
You plan to acquire another property management company. How will you do consolidated financial reporting for the combined companies? Here I describe the process being used at many parent property investment companies for creating consolidated financial statements. I...
Property Acquisitions and Value Creation Challenges
A large investment company I am working with has the strategy to build “a platform for add-on, accretive acquisitions.” This company is strategically acquiring well-managed property management companies, and incorporating them into its growing portfolio. While it is...
Visual Data Analysis
You property management software has a ton of pre-built reports, and almost all of them consist of rows and columns. Most of us are used to these reports, and since this is all we get, we accept them. What if you had the option to do visual data analysis of your...
Six Sigma in Property Management
Six sigma can help property management executives improve profits, employee morale and tenant satisfaction. Six sigma is a set of methods designed to improve processes. It has been successfully used at companies like Motorola, GE and Honeywell, but it is not useful...
The NMHC Top 50 Managers List (2017)
The National Multifamily Housing Council released its 2017 NMHC Top 50 Lists this week. In addition to publishing the lists, NMHC also provided a downloadable Excel file of the data. I took the data from the 2015, 2016, and 2017 lists and created this visualization in...
8 Types of Waste in Property Management
Lean Management methods are widely practiced in many industries, but I have not come across Lean methods in property management. A key concept in Lean Management methods is “waste”. In the context of Lean methods in property management, anything your company does that...