How to select effective property management KPIs
This insightful guide provides concrete information and tips to help you select effective KPIs that will enable you to make better decisions leading to better business outcomes.
Today, establishing the right metrics in the form of property management key performance indicators (KPIs) is critical to operational success. Without quantifiable markers, it can be difficult to accurately measure what works and what doesn’t for your tenants.
KPIs show property management teams – and executive leadership – whether expenses are in line, where improvements can be made, and when you should abandon certain initiatives. But, as an enormous amount of data is collected from disparate software applications, the real challenge is knowing where to begin the process of selecting effective KPIs.
In this guide you will find:
- A step-by-step process to selecting property management KPIs for your organization
- A cheat sheet containing 25 different property management metrics to measure
- A detailed plan for applying KPIs after they’ve been selected to improve operations