In real estate investment, success relies on effective performance measurement. Our team at 1836 Property Management believes in data-driven property management for investors and property owners.
Additionally, our dedication to transparent, data-driven solutions empowers clients to make informed decisions, boosting profitability.
Revolutionizing Property Management with REI Monitor
At the core of our approach lies REI Monitor, our proprietary software designed to revolutionize property management. Integrated with Buildium property management systems via an open API, REI Monitor tracks investment property performance in real time.
REI Monitor provides clients with a comprehensive view of key investment indicators like rental income, maintenance costs, and overdue rents. This includes return-on-equity, cash-on-cash yield, and capitalization rates. This level of visibility enables clients to pinpoint areas for improvement and make data-driven decisions that maximize returns.
Decision-Making with Transparency
Founder Matt Leschber articulates our guiding principle: “The transparency provided by REI Monitor is fundamental to building trust and cultivating enduring customer relationships. It allows us to be more attuned to our customers’ needs and access essential metrics that signal whether operations are proceeding smoothly or if adjustments are needed to maximize returns for clients.”
Driving Excellence through Internal Operations
Our commitment to delivering a superior customer experience extends beyond external clients to our internal operations. We utilize Podio and Monday software to track pivotal employee performance metrics, fostering a culture of accountability, self-assessment, and continuous improvement. This focus helps us quickly address policy deviations or service declines, maintaining top-notch property management standards.
Turning Challenges into Success Stories
A testament to our adept management capabilities is demonstrated by our intervention at a managed property facing significant challenges. Despite a history of late payments and legal proceedings for eviction, our team’s attention to detail and commitment to superior standards facilitated a successful turnaround. By leveraging data-driven insights and implementing strategic repairs, we not only resolved the situation but also secured new tenants within a month of relisting the property.
Embracing Innovation for Future Growth
Looking ahead, we are poised to further enhance our capabilities through investments in software automation. We’re enhancing property management by streamlining processes and improving client communication. One initiative, like a ‘pizza tracker’ system, aims to take the experience to new heights. This emphasis on efficiency underscores our belief that time is money; the more efficiently we operate, the greater the return on investment for our clients.
Let’s Improve Your ROI Together
At 1836PM, we are using data-driven property management to reduce costs and increase returns for investors and property owners. We empower our clients with the tools and resources they need to make informed decisions. We strive to redefine the landscape of property management and unlock untapped growth opportunities in the ever-evolving real estate market.
Contact us today to find out how we can help you achieve your property management goals.
Find the original article via Real Estate Business Review.
