Queue points for lease
What is it?
The KPI shows the average number of purchase points that a person or an interested party must have in a housing queue to be allocated a rental property during a specified time period. By measuring the average number of purchase points required, one can assess the competitive situation and the requirements to secure leases.
It also provides insights into how the housing queue works and whether there is a need to adjust queue rules or priority criteria to make the process fairer or more efficient.
How is it calculated?
Sum of queue points / Number of allocated objects = purchase points/allocated object
* Includes only those queue points where the tenant has been assigned to the property within the specified time period.
Why is it important to follow?
One should follow the key figure for several reasons:
Transparent communication: It provides a transparent picture of the competitive situation in the housing market. By communicating the average number of purchase points required, stakeholders can understand what is required to be awarded a rental property.
Fairness: The key figure can be used to evaluate whether the queuing system is fair and equitable to all stakeholders. If too many purchase points are required, it may be an indication that the queuing rules need to be revised.
Efficiency: It provides insights into how efficiently the queuing system works. If the average number of purchase points is high, it may be an indication that the process is taking too long or that there are bottlenecks that need to be addressed.
Planning: The leasing department can use this key figure to plan and optimize the leasing process. If the purchase point requirements are high, it may be necessary to increase the availability of rental properties or adjust the queuing rules.
In summary, the key figure provides insights into the competitive situation and the efficiency of the rental process. It helps property managers make informed decisions to improve the process and meet stakeholder needs.
Created by Homepal
9/1/2023
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