Transcript
Auto-generated transcript. Not time-synced to the video.
special
situation. It's going to be discussing
um KPIs
and especially special KPIs for the real
estate industry.
>> Um
KPIs and the main question was mentioned
the difference between KPIs and
reporting. So
specific API
tracking
in
so
KPIs. KPI stands for key performance
indicator
and says different between reporting to
engage the business KPIs other daily or
other weekly.
>> Mhm. and monthly and reporting kicks an
amount
>> monthly
>> monthly see quarterly yearly this is the
difference between KPIs
in in reports a report
the company
reporting
accounting
versus a KPI. This is a
specific unit
KPI
reports.
The point KPI
>> [snorts]
>> phone call,
WhatsApp, email, um,
real estate, what you think people
should measure on a weekly or or
bi-weekly or monthly basis, and let's go
in each in each KPI.
versus and let's take it from there.
>> Okay. KPIs was
guilt real estate. [clears throat] For
example,
occupancy rate meaning vacancy.
Daily KPI track
so much money [clears throat]
you have to keep rolling vacancy
delinquencies delinquencies mention the
guilt don't let it pile up
accountability
literally bi-weekly at a minimum um
clients.
Let's say
elections
as
the next meeting.
Okay. Was it done? Was it not done?
for alliance.
Collection rate is actually
60 901 120
on
business owners.
any business
collection agency
reality.
So
like before you know it, like
just keep on going. It's important. It's
it's it's your business.
It's going to end up hurting you. Um
short big numbers.
renewals expirations coming up
approximately 60 60 to 90 days before
expired lease um
renewal increase amount against
three four%
against increase in the rent
system
whatever
it's going to help you. It's going to
take you a long way. of real estate
usually cost the renewals with the with
the least rent increases with the
underrides%
operating expense increase%
increase in rent
end up just
inflation
not [clears throat] going to go up
you're losing
Real estate hobby, whatever.
>> Real estate is a is a legit business.
Right.
property manager
disconnect.
Yeah.
um
charge the house
market rent. So the house let's say a
tenant was not two bedroom
[clears throat] the two bedroom the
market rate is $5,000
$1500. So,
so
increase
a big numbers
and of course
$6,000. It's a lot of money for for any
for any real estate for any for any
unit.
>> X,000
tank app,000.
It's the effect of the the value of the
building. But
a weekly monthly bank balance
portfolio extra properties
the bank balance
for business owners and real estate
owners, right?
KPI owners
number two.
set the goal.
And so on. So
that's basically the concept.
>> Mhm.
the needle and
measuring stick
and measures.
Whatever time
details
which is a no business next Extra
conversation was
visit
KPIs,
cold calls, side visits, instruction
company, side visits, um proposal sent,
proposal amount. The basic sales
structure and KPIs
as a salesman
proposals
the closing ratios is
proposal.
Okay.
But at that point it was so
KPI
in reporting.
Um
focus
in the KPIs
KPI
business
service KPIs. So,
It's locker.
