The CRE industry is significantly underutilizing their own property-level data. That’s a bold statement, I know. And what’s really crazy is that you can get real estate data for free, specifically by mining your own data. My goal with this post is to demonstrate this fact by exploring a subset of property management software data. We’ll take a look at drive time and distance from apartment residents to their employers. Our end goal will be to predict the estimated drive time and distance to an employer that a prospective resident would be willing to accept.
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The 6 Best Yardi Custom Reports
Yardi provides great reports for starting your real estate business, but as your portfolio grows, your need for more advanced analytics increases too. Having the ability to explore your data and create custom reports that meet your unique approach to real estate investment is critical to success. Here is our list of the 6 best Yardi custom reports to enhance your real estate business.
12 Best Commercial Real Estate Key Performance Indicators
Real estate is an exciting business. It is also a numbers game. That’s why it’s critical to understand the key performance metrics (KPIs) that are important to a real estate business. Having daily access to your KPIs will help ensure that you maximize profits. Tracking and exceeding your KPI targets empower you to be proactive in keeping your occupancy high, vacancy low and income maximized while lowering your expenses. In this post, we will cover: the most important KPIs for real estate businesses, KPIs for different property types, KPIs for real estate investors as the 12 Best Commercial Real Estate KPIs.