Real vacant object
What is it?
The key figure is a significant metric that highlights the amout of available rental properties that are currently unoccupied and available on the current day. This metric provides an in-depth understanding of how well your rental properties are being utilized, with a particular focus on properties that are actually available for rent. It can be useful for landlords, managers and management alike.
A high value of this key figure indicates that a significant amount of rentable properties are unrented, which can have a negative impact on your revenue stream and profitability. This can act as a warning flag and signal the need to take action to increase rentals. Such measures may include intensified marketing, adjustments to rental rates or improvements to the properties to make them more attractive to potential tenants.
On the other hand, if the value of the key figure is low, it indicates that a significant amount of rentable properties are rented, which is positive for your revenue stream and business performance. While this is positive, it can still be beneficial to monitor this key figure regularly to ensure you continue to optimize the use of your available rental properties and minimize real vacancy.
Finally, the key figure provides an insight into how effectively you utilize your portfolio of rentable objects and whether measures are needed to improve the occupancy rate and thereby increase the revenue stream. It is a valuable indicator for effectively managing your real estate portfolio and your real estate business.
In Homepal, real vacancy is defined as "available objects of actually rentable". Thus, only rental properties that are available are included - vacant, blocked or similar are excluded in this value.
How is it calculated?
Number of rental properties without an active agreement with a tenant
* Includes only rental properties that are not marked as vacant, blocked or similar.
Why is it important to follow?
There are several good reasons why you should follow the key figure:
Better revenue planning: By monitoring this metric, you can better plan your revenue stream as it provides an accurate indication of how many of the available rentals that are not actually generating revenue. It helps you establish realistic budgets and financial forecasts.
Efficient resource allocation: By identifying the objects that are truly vacant (that is, not blocked or empty), you can direct your resources in the right way and focus on the truly available objects.
Customer Satisfaction: Keeping track of the real vacancy helps you ensure that the items you are actually offering are in good condition and ready to rent. This can improve tenant satisfaction and reduce the risk of negative feedback from tenants.
Strategic portfolio management: Information about vacancies is valuable for making decisions about the composition and strategy of the property portfolio. It can help you decide if you should invest more in marketing or improvements to fill vacant properties or if it's time to reevaluate your real estate investments.
Early detection of problems: If the real vacancy suddenly increases, it can be an indication of problems, such as reduced demand in your real estate market. Being aware of this early on gives you the opportunity to take action and adjust your strategy in accordance with market changes.
In summary, the key figure is a central indicator for monitoring and optimizing the revenue stream and profitability in property management. It enables you to make informed decisions, manage your real estate portfolio efficiently and adapt to changes in the real estate market.
Created by Homepal
9/18/2023
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