A PMS is strongest at recording, organizing, and reporting the operational activity that has already happened. It captures lease activity, rent payments
The leasing funnel is the sequence of stages a prospect moves through from first contact with a property to a signed lease. Each stage is a conversion point
A lease-up is the period between a newly delivered apartment community opening for occupancy and reaching stabilization.
Occupancy decline is a sustained reduction in the share of occupied units relative to the property’s target or recent operating range.
Stabilized vacancy is the condition in which a multifamily property is operating within the occupancy range required by its business plan on a sustainable basis
Real estate asset performance analytics is most useful when it connects operational and financial information rather than presenting each metric in isolation.
Here are the top 55 multifamily terms every operator should know. These multifamily terms are divided into six categories: Reporting & analytics, occupancy,
Data-driven rent pricing is the process of using internal property performance, forward-looking occupancy analytics, and asset strategy to support pricing decisions
Apartment insights help multifamily operators understand how their properties are positioned in a market market and how prospective residents may evaluate.
