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...
Property Management Process Flow
One of the first steps in improving business performance is to document the processes. It easy to get bogged down in the details, so it a good idea to start with simple, high-level diagrams and get general agreement on them. In this post I present a property...
Zero Defects in Property Management
Is it possible to process thousands of leasing applications, submit thousands of background checks, complete thousands of maintenance requests and conduct thousands of property turnovers and not have one thing go wrong? Or, in other words, is it possible to have zero...
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...
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...Download the Metrics Handbook
The Property Management Metrics Handbook is a source for metrics you might want to use for measuring the performance of your business.
