operating profit

Business Health for Property Management Companies: Margin, KPIs, SMART Goals

Business Health for Property Management Companies: Margin, KPIs, SMART Goals

When you are running a property management company, staying at the top of financials can be time-consuming even with all the accounting software in the world. You may be a master in real estate management, but information investigation is a different story. Brokers and owners need to keep tabs on the total health of their PM business to ensure it is growing organically across the right metrics.

I put together a fast guide that will assist your check up on the total health of your company. We are going to go beyond just taking a look at the common ratios and dig to the metrics which help you remain in control and prevent fundamental business issues. Here are four strategies to figure out how your property management company is actually doing:

4 Ways to Optimize Your Rehab for Maximum Profits

4 Ways to Optimize Your Rehab for Maximum Profits

Choosing what to include and what not to include on a rehab job is just as crucial as choosing the right contractors. Some work is obviously necessary (repainting a weary house), while other updates are more elective. When it comes to discretionary work, there are some improvements that are worth the bang for the dollar and you will find others that most surely are not.

Here are the key things to create your own “Do Not Do" list in regards to rehabbing investment properties.

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