By Operations Team.
Reviewing 75+ page month end reports and trying to figure out how to get the most out of your investment can be a dry exercise.
There is a better way “Utilize the right Performance tracking software”.
How can we be so sure? Because we use it.
Performance tracking software has been a game-changer for our clients. Software that offers data in real time is the only way to stay on top of things.
For example,
We utilize a piece of software that aggregates data, it revealed the last ten renewal trade outs at one of our properties were just 3% when the market was supporting 6.5%. Monitoring key metrics like this allowed us to alert the community manager and make moves toward closing the gap.
Who wouldn’t want to use a readily available tool that achieves the business trifecta of responsive, reliability, and cost-effectiveness?
The result is more money in your pocket.
Let’s be honest, those monthly reports by the time you review them are historical and out of date. We’re living in an on-demand world. In order to be effective, you need the most current information in real time.
Further, if you don’t have time to pour over your monthly reports, the right software tools can quickly help identify opportunities that you would otherwise miss.
Working with someone like Summerfield allows you to squeeze more out of your investment while you focus on other things. As a medium sized company, we’re not just on top of the latest ways to increase property performance for our clients, we’re nimble enough to make moves and get results.
