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Beyond Rent: Exploring Property Management
The Importance of Data Warehouses
May 19, 2024
Guest Saad Shah discusses the importance of data and analytics in real estate management, highlighting how data can provide visibility, streamline processes, and improve the bottom line. The podcast explores using data warehouses, metrics, and dashboards for informed decision-making in property management operations.
39:19
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Quick takeaways
- Employing data warehouses can streamline expense and work order management in property management.
- Establishing a data-driven culture and tying incentives to performance metrics can overcome barriers to data utilization.
Deep dives
Success in Using Data in Property Management
Success in using data in property management is exemplified by companies that set clear goals and targets, including non-financial metrics like occupancy and collections efficiency. These successful companies have a structured framework with defined benchmarks, allowing them to track metrics such as lead generation, conversion rates, and advertising effectiveness. They maintain a proactive approach in managing collections, expenses, and work orders, utilizing data infrastructure to stay informed and make informed decisions for more efficient business operations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode