Optimizing Property Performance - Effective KPI Monitoring in Multifamily Real Estate
ฝัง
- เผยแพร่เมื่อ 23 ก.ค. 2024
- Join us for an insightful Asset Management Zoom session with Bibi Ofiri and Ify Asoh as we dive into "Monitoring KPI’s in Multifamily Real Estate.”
This video will guide you on how to effectively track and utilize key performance indicators to maximize your property's performance, enhancing your skills and ensuring your assets thrive.
Highlights:
🔍 Introductions and Welcome
Meet the participants and learn about the Multifamily Freedom Chasers (MFC) community.
📊 Overview of Asset Management Series
Discover our alternating Monday programming: asset management series and activation zooms.
Introduction to the day's topic: monitoring KPIs.
📈 Introduction to KPIs
Understand the importance of KPIs in asset management.
Learn the necessity of a business plan before setting KPIs.
🏢 Types of Properties and Relevant KPIs
Explore KPIs for different property types (value-add vs. stable).
Specific KPIs for value-add properties: turn time, conversion time, retention, income, and expenses.
Specific KPIs for stable properties: occupancy, traffic, retention, and expenses.
🛠️ Monitoring and Managing KPIs
Importance of weekly, monthly, and annual KPI reviews.
Weekly KPIs: income, vacancies, delinquencies, and capex.
Monthly KPIs: profit and loss, and variations in expenses.
📅 Quarterly and Annual KPI Reviews
Importance of quarterly and annual KPI reviews.
Quarterly KPIs: profit and loss, budget adjustments.
Annual KPIs: setting new budgets based on previous year trends.
💬 Q&A Session
Participants' questions on insurance, property management, and vendor selection.
BB shares best practices and detailed answers.
📋 Summary and Next Steps
Recap of KPI importance in asset management.
Encouragement to monitor KPIs regularly and communicate effectively with your team.
Don't miss this opportunity to enhance your asset management skills and ensure your properties thrive. Like, comment, and subscribe for more valuable insights!
00:00 - Introduction
04:38 - Opening Remarks and Welcome
07:11 - Overview of Asset Management Series
08:29 - Introduction to KPIs
12:30 - Types of Properties and Relevant KPIs
20:27 - Monitoring and Managing KPIs
31:00 - Quarterly and Annual KPI Reviews
42:30 - Q&A Session
59:14 - Closing Remarks
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