MAKE DATA-DRIVEN DECISIONS
RENOVATE YOUR KITCHENS
Most tenants understand that they get what they pay for. While some landlords cut corners, investing in high-quality renovations, especially in kitchens and bathrooms, attracts responsible tenants who appreciate and respect your property. Upgrading beyond the bare minimum fosters pride, leading to fewer complaints, lower turnover, and shorter vacancies. A well-maintained, high-quality rental creates demand and justifies higher rent. In the long run, spending a little more upfront ensures a rental that tenants won’t want to leave, ultimately maximizing your returns and minimizing hassles. Quality pays off.
1. Maximize ROI on CapEx Projects – While many are scaling back on renovations (which is essentially a race to the bottom), top operators are strategically investing to differentiate themselves. The key? Relentlessly leveraging data to track ROI and closely monitor vendor pricing. 2. Use Data-Driven Forecasting – In today’s tight market, knowing the age and lifespan of capital assets, vendor pricing trends, and expiring warranties isn’t a luxury, it’s a necessity. Bring in as much data as possible to make every dollar count. 3. Keep Maintenance Efficiency – We’re seeing a big push to use maintenance as a retention tool. Response time, turnaround time, and reducing follow-up work orders are the primary KPIs.
SPENDING A LITTLE MORE UPFRONT ENSURES THAT TENANTS WON’T WANT TO LEAVE.
BRING IN AS MUCH DATA AS POSSIBLE TO MAKE EVERY DOLLAR COUNT.
Jeff VanNote Founder Reverifi Connect with Jeff
Tyler Kuresa President Onsite Analytics Visit Website
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