Move-ins
What is it?
The key figure shows the total number of times that tenants have moved into properties during a specified time period. It gives a quantitative indication of how many times new leases have been signed and tenants have started using the object.
This key figure provides an overview of tenant recruitment and growth in property management and can be used for strategic planning and follow-up.
Note that a high number of move-ins does not always signal something positive, and likewise a low value does not always indicate something negative. A high number of move-ins may indicate an active and in-demand property market, but it may also mean that rapid turnover of tenants is common.
It is important to analyze this key figure with caution and in context to understand its importance in property management.
How is it calculated?
Sum of number of leases
* Includes only those leases where the start date falls within the specified time period.
Why is it important to follow?
One should follow the key figure for the following reasons:
Marketing strategy: By tracking occupancy rates, property management can assess the effectiveness of their marketing and tenant recruitment strategies. It can help to adjust the strategies to attract more tenants.
Financial performance: An increase in the number of occupancies can translate into higher rental income and better financial performance for the property portfolio.
Leasing process: It provides insights into how well the leasing department manages the leasing process and how quickly new leases are entered into.
In summary, the key figure provides valuable information about growth, market strategy and financial performance in property management. It helps to make informed decisions and strategies to manage and develop the property portfolio.
Created by Homepal
9/1/2023
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