3 Key Metrics Every Real Estate Management Team Should Track
In the world of real estate management , staying competitive means having a firm grip on performance data. Property owners and investors rely on management teams to maximize returns, reduce risks, and streamline operations. However, many companies overlook the importance of tracking the right metrics. Focusing on vanity metrics like website traffic or social media engagement can lead teams astray. Instead, smart real estate management teams measure what truly matters: metrics that impact profitability, tenant satisfaction, and operational efficiency. Below, we explore the three most critical metrics every real estate management professional should prioritize to ensure long-term success. 1. Net Operating Income (NOI) Net Operating Income (NOI) is one of the most vital indicators in real estate management . It measures a property's profitability by calculating income from operations minus operating expenses, excluding taxes and financing costs. This metric offers a clear picture ...