Operations•7 min read•July 25, 2022
Property Management: Best Practices
Optimizing property operations to maximize value and tenant satisfaction.
Effective property management directly impacts NOI, tenant retention, and asset value. Best practices in operations create competitive advantages and sustainable returns.
Key Functions
- Tenant relations and retention programs
- Maintenance and capital planning
- Financial reporting and budgeting
- Vendor management and procurement
Performance Metrics
Tracking occupancy, collections, tenant satisfaction, and operating costs enables continuous improvement. Benchmarking against peers identifies opportunities.
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