Leasing Tip of the Day: Drive Decisions with Data, Not Emotions Price is a universal measure. Tenants and prospects often compare rent rates between your location and competitors. Instead of defending your vacancy with a list of benefits, use real data, actual dollars and cents to quantify value. This approach provides prospects with a reliable benchmark to justify a potentially higher rent. Read more about this topic on my blog: https://lnkd.in/ee2XP6p6 #retailleasing #retailrealestate #themallwhisperer
Beth Azor, The Canvassing Queen’s Post
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Stabilizing occupancy and driving long-term growth. The right data matters. MSA reports fall short when it comes to making precise rent-setting decisions for submarket and neighborhood demand. They simply can’t capture the nuances at a granular level. Real-time pricing and performance metrics provide a detailed view necessary to boost lease velocity and maximize revenue. Be the hero of your portfolio–accurate and daily data are key!
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Although moving at a historically fast pace, the 2024-2025 #StudentHousing leasing season is starting to look more like last year, notes the latest #YardiMatrix national report. Get the full data: https://lnkd.in/gq9VdJQA #HousingMarket #HousingMarketForecast #HousingMarketUpdates #RealEstate #RealEstateData #RealEstateMarketUpdate #RealEstateForecast #RealEstateExperts
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Here are 3 quick tips to maximise your rent roll efficiency: 1️⃣ Consistency is Key: Update your rent roll regularly to reflect lease renewals, new tenancies, and changes in rent. 2️⃣ Analyze Trends: Look for patterns in tenant turnover, late payments, or vacancies. This helps you spot risks and capitalize on opportunities. 3️⃣ Use It as a Benchmark: Compare your rent roll with market data to see if your rents are competitive or if there’s room to increase income. Keep your rent roll optimised, and you’ll have a clear roadmap for growth! 💼✨ Learn more thetarsiway.com #RealEstateTips #RentRollManagement #TheTarsiWay #Tips
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Here are 3 quick tips to maximise your rent roll efficiency: 1️⃣ Consistency is Key: Update your rent roll regularly to reflect lease renewals, new tenancies, and changes in rent. 2️⃣ Analyze Trends: Look for patterns in tenant turnover, late payments, or vacancies. This helps you spot risks and capitalize on opportunities. 3️⃣ Use It as a Benchmark: Compare your rent roll with market data to see if your rents are competitive or if there’s room to increase income. Keep your rent roll optimised, and you’ll have a clear roadmap for growth! 💼✨ Learn more thetarsiway.com #RealEstateTips #RentRollManagement #TheTarsiWay #Tips
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I posted in June ‘23 that I predicted & believed lease rates would drop by 25%-35%… received some push back from that post..data didn’t support my thoughts. FF ‘24 - The last 2 lease listing we’ve put on the market we have intentionally priced them aggressively, not a steady rate reduction over time, but hitting the market at values that matched the asset, location & we believe will attract tenants. The result - lots of activity & interest and quickly finding suitable tenants. Tenants are downsizing by ~50% and are seriously chasing value options…because… THEY HAVE TO!!!! Owners who are trying to find tenants …listen up - get aggressive or get left behind…
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📊 Using Data to Optimise Lease Negotiations 🏢 Did you know that analysing lease data can lead to better terms for your business? By understanding key metrics like market trends, vacancy rates, and rental price fluctuations, you can make more informed decisions during lease negotiations. Leveraging data helps you: Secure competitive rental rates 💰 Negotiate lease flexibility 📃 Identify cost-saving opportunities 🔍 Plan for future growth 📈 At CIRES Property Solutions, we use data-driven strategies to help businesses like yours achieve more favourable lease agreements that support your long-term success. Visit us at: www.cires.co.za 🌐 @CIRES Property Solutions (Pty) Ltd @Neil Stephen, @Grant Race, @Pierre Bezuidenhoudt, @Mark Hawke #LeaseNegotiation #DataDrivenDecisions #CommercialRealEstate #CIRESPropertySolutions #SmartLeasing #CommercialProperty #IndustrialProperty #RetailSpace #WeKnowProperty
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Real Estate Financial Performance Dashboard 1.Revenue, Expense, and Profit Margin KPIs. 2.Monthly Revenue Trend with Forecast. 3.Property Type and Location Comparison. 4.Breakdown by Property Type
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🚀 Manage Your Properties with Data-Driven Decisions – Download Reports Easily with Collo! 📊🏢 Are you a property manager or landlord looking for a simple yet powerful way to track your property’s performance? Look no further! With Collo’s Download Report feature, you can easily access essential reports that help you stay on top of your operations: 📋 Property Occupancy Report: Get a snapshot of your property’s current occupancy status, making leasing decisions faster and easier! 💵 Billing Statistics: Track financial transactions, payments, and outstanding balances to stay in control of your revenue streams and ensure accurate billing processes. 💳 Payment Report: Simplify your financial tracking! Monitor payments made, amounts received, and much more – all in one click. With Collo, all your data is at your fingertips. Make informed decisions and run your rental business smoothly. Whether you need to check occupancy rates, billing details, or payment histories, Collo's reporting feature has you covered! 💼📈 🔗 Click the link to learn more about how Collo can streamline your property management process! #PropertyManagement #Landlords #ColloApp #DownloadReports #RealEstateTech #OccupancyReports #BillingStatistics #PropertyOwner
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13 Tips and Best Practices for Real Estate Customer Service 💡 If there’s one thing HGTV taught us, it’s this: Real estate is complicated. With only 11% of people feeling they could completely trust a real estate agent, building trust is crucial. Learn to understand client needs, strike the right balance, and be their advisor for excellent support. 🏠 Read More: https://bit.ly/3uGSbHF #RealEstate #Tips
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THIS!!👇 This is why it’s so important to price a property correctly right from the start. We’re only human, so of course we can still get it wrong sometimes but that’s not the issue… the problem comes when agents over promise and over value, knowing it’s not worth that much but they do it anyways to win the listing. Who does that hurt? The vendor! Starting high and reducing is a TERIBBLE strategy. In fact it’s not a strategy at all. Contact me to discuss a real pricing strategy that will maximise your sale price and put your best interests first! 📱07393997427 📧 [email protected] #sellingyourhome #luxuryproperties #northamptonshire
On a mission to become the most useful person to follow for UK estate agents🚀 Most Influential UK Estate Agency Personality🏡 UK Property Market Data Analyst📊 Mentor - NED - Speaker - Podcast Host💥
Tracking data back to January 2019, September saw the busiest month for price reductions and exceeded 100,000 for the first time and was 10% higher than the previous record😮 Not only that, but they were 70% higher than the monthly average going back to the start of 2019 as well🤷🏻♂️ Just under 42% of all listings in 2024 have had a price reduction😱 Here are a few reminders of data from Rightmove & Zoopla regarding the negative impact of price reducing properties: 26% less likely to sell📉 Take 3 times longer to sell⌛️ Twice as likely to change estate agents👀 Twice as likely to have a sale fall through❌ 20% have cut their asking price by 5%+📊 Reduced properties end up achieving 84.36% of their original asking price💰 Give me a shout if you need any help on how to combat this issue and get more properties sold rather than reduced✌🏼
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