Property Turnover Time Costs Real Estate Investors
When rental properties are vacant, investors are losing money. Turnover is the work involved in getting a property ready for the next tenant, and turnover is important to real estate investment management. Can analytics be useful for minimizing this lost revenue? The...
“Competing on Analytics” by Tom Davenport
If you are interested in learning how some big companies like Netflix, Capital One and Procter & Gamble became formidable competitors by using analytics, I recommend the book "Competing on Analytics" by Tom Davenport and Jeanne Harris. The book came out around...
Klipfolio is right for monitoring metrics
Note: I don't derive any financial incentive from Klipfolio for writing about them here. I recommend Klipfolio as a cloud dashboard solution for many companies. I have used it before and have recommended it to clients in the past. Allan Wille, their CEO, has built a...
Maps and Real Estate Analytics
See this demo of using maps for understanding the performance of the properties in your portfolio. https://youtu.be/MFYEY-7MXcs
Property Management Business Model Diagrams
The diagrams shown in our video "The Property Management Business Model" (Video # 1005) are available to download here. This is four-page PDF document is gated content. Login is required. [signinlocker id=10] MX52 1005 infg - Bus Model [/signinlocker] this is...
Predictive Analytics for Appliance Maintenance
Is it too much work to keep track of the age of the major appliances in each of your properties? How about keeping a log of all service performed on each appliance? If you don’t see the value in doing so, let’s look at these two approaches for reserving some budget...
Scatter Chart for Rent Collection
Here is a video demo of how a scatter chart can be used by a property management business. https://youtu.be/TSWhKl1tkYk