Your tenants’ key performance indicators (KPIs) demonstrate trends in new, current and prior tenant behavior. For example, staying ahead of notices to vacate and move-outs helps you keep vacancy low. Ensuring renewal rates, also known as resident retainage, stay high is also key for core property management strategies, as finding new tenants typically has a lower return on cost than keeping current ones.
One metric of health for a property is the occupancy rate. Maintaining occupancy around 93% typically means that you are efficiently managing the property while maximizing rental rates.
Easily share insights into property operations by using our flexible and robust box score report that allows you to dive deep into your historical daily metrics and anticipate tenant behavior. Let us help you become the most efficient property manager you can be.